Financial Risk Management for Pension Plans (0) - Image 1

£100.99

Elsevier Financial Risk Management for Pension Plans (0)

Name: Financial Risk Management for Pension Plans (0)
Brand: Elsevier
Price: 100.99 GBP
Availability: InStock

Econometrics

This is the most expensive it has ever been. Walk away.

£101 today · previous high £101 · all-time low £30

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 625 days • 625 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 625 days • 5 price levels

Days at Price

Current Price

Price Analysis

Most common price: £74 (316 days, 50.6%)

Price range: £30 - £101

Price levels: 5 different prices over 625 days

Description

This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The reader is expected to know basic probability theory and mathematical analysis, while all required concepts in financial and actuarial mathematics are developed in the text. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologies. This portion of the book starts with the basics: duration, convexity, immunization, and develops alternative immunization methodologies, as well as other risk management tools, such as Value-at-Risk, Risk-Based-Capital, and shortfall constraint approach. A new optimal methodology, an alternative to classical immunization, is developed, and shown to be strikingly similar to conservative management approaches used by practitioners. Throughout the book, all concepts and methodologies are illustrated with examples and exercises, including past problems from the Society of Actuaries and Casualty Actuarial Society professional examinations (used with permission).

Product Specifications

Brand: Elsevier
Format: hardcover
ASIN: 0444516743
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 18 December 2004
Listed Since: 23 January 2007

Barcode

No barcode data available

Elsevier Financial Risk Management for Pension Plans (0)

This is the most expensive it has ever been. Walk away.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Actuarial Finance: Derivatives, Quantitative Models and Risk Management

Mathematical and Statistical Methods for Actuarial Sciences and Finance

Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2022

Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2018

Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2022

The Religious Roots of Longevity Risk Sharing: The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management

Computational Actuarial Science with R: 17 (Chapman & Hall/CRC The R Series)

Computational Actuarial Science with R: 17 (Chapman & Hall/CRC The R Series)

R Programming for Actuarial Science

Life Settlements and Longevity Structures: Pricing and Risk Management (Wiley Finance)

Les grands principes de l'actuariat: Vie, Non vie, Gestion actif passif, Maîtrise des risques

World Scientific Financial Mathematics For Actuaries (2nd Ed)

Actuarial Models: The Mathematics of Insurance, Second Edition

Pension Fund Risk Management: Financial and Actuarial Modeling (Chapman & Hall/CRC Finance Series)

Derivative Pricing: A Problem-Based Primer (Chapman and Hall/CRC Financial Mathematics Series)

Stochastic Processes with Applications to Finance (Chapman and Hall/CRC Financial Mathematics Series)

Derivative Pricing: A Problem-Based Primer (Chapman and Hall/CRC Financial Mathematics Series)

Pension Fund Risk Management: Financial and Actuarial Modeling (Chapman & Hall/CRC Finance Series)

Financial and Actuarial Statistics: An Introduction, Second Edition

Liability Hedging and Portfolio Choice

Actuarial Mathematics for Life Contingent Risks (International Series on Actuarial Science)

Financial and Insurance Formulas

Modelling in Life Insurance – A Management Perspective: 0 (EAA Series)

Nonlife Actuarial Models: Theory, Methods and Evaluation (International Series on Actuarial Science)