SKU: 6892673806

Value at Risk, 3rd Ed.: The New Benchmark for Managing Financial Risk

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Value at Risk, 3rd Ed.: The New Benchmark for Managing Financial RiskSince its original publication, Value at Risk has become the industry standard in risk management. Now in its Third Edition, this international bestseller addresses the fundamental changes in the field that have occurred across the globe in recent years. Philippe Jorion provides the most current information needed to understand and implement VAR as well as manage newer dimensions of financial risk. Featured updates include: An increased emphasis on

Since its original publication, Value at Risk has become the industry standard in risk management. Now in its Third Edition, this international bestseller addresses the fundamental changes in the field that have occurred across the globe in recent years. Philippe Jorion provides the most current information needed to understand and implement VAR-as well as manage newer dimensions of financial risk. Featured updates include:

  • An increased emphasis on operational risk
  • Using VAR for integrated risk management and to measure economic capital
  • Applications of VAR to risk budgeting in investment management
  • Discussion of new risk-management techniques, including extreme value theory, principal components, and copulas
  • Extensive coverage of the recently finalized Basel II capital adequacy rules for commercial banks, integrated throughout the book

    A major new feature of the Third Edition is the addition of short questions and exercises at the end of each chapter, making it even easier to check progress. Detailed answers are posted on the companion web site www.pjorion.com/var/. The web site contains other materials, including additional questions that course instructors can assign to their students.

    Jorion leaves no stone unturned, addressing the building blocks of VAR from computing and backtesting models to forecasting risk and correlations. He outlines the use of VAR to measure and control risk for trading, for investment management, and for enterprise-wide risk management. He also points out key pitfalls to watch out for in risk-management systems.

    The value-at-risk approach continues to improve worldwide standards for managing numerous types of risk. Now more than ever, professionals can depend on Value at Risk for comprehensive, authoritative counsel on VAR, its application, and its results-and to keep ahead of the curve.



    Binding Type: Hardcover
    Publisher: McGraw-Hill Education
    Published: 11/09/2006
    ISBN: 9780071464956
    Pages: 602
    Weight: 2.15lbs
    Size: 9.10h x 6.40w x 1.80d
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    SKU: 6892673806

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    Jacki Torres
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    Functional and Good Quality
    Color: 01-silver, Color: 01-silver
    I give this SMARTAKE paper towel holder 4 stars. Overall, it's a very good product that I would recommend, but it has one minor drawback that takes away a star. The Positives Quality and Stability: The holder feels good quality, and the material (steel) is sturdy. Once placed on the counter, it's stable and adheres well to the surface. Assembly and Use: It was easy to put together; just read the instruction manual. I confirm that it works well even with large paper towel rolls. Furthermore, it's not difficult to change the roll at all. The Drawback The only problem is the small mechanism that's supposed to adjust and hold the roll (the piece that prevents it from twisting too much). As the paper gets used up, this piece doesn't do its job properly, and the paper unwinds more than it should. Conclusion: If you're looking for a modern, stable, and well-made holder for your kitchen, this is excellent. Just keep in mind that the adjuster isn't the best, but other than that, it does its job perfectly.
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    Reviewed in the United States on October 18, 2025
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    Patty C
    Waukegan, US
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    Durable and nice look
    Color: 02-black
    Nice quality and nice look for our kitchen
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    Reviewed in the United States on May 30, 2026
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    K. K.
    San Leandro, US
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    Classic holder keeps paper towels in place in a breeze.
    Color: 06-bronze
    This classic paper towel holder works perfectly. I had constantly unrolling paper towels in the breeze. This holder keeps everything in place now. So nice. Plus, it has a sleek, uncluttered design. I’m very pleased.
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    Reviewed in the United States on May 18, 2026
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    Terry Anne
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    Only holds towels in place when it is full or 1/2 full
    Color: 01-silver
    If you are buying this for the feature of holding the paper towels in place so you can just rip one, I think you will be disappointed. Once the roll becomes smaller (and I tried changing the arm) the arm does not touch the towels. I do like the firm grip on the counter. My other dissatisfaction is the base gets water spots. Being near the sink this happens frequently. It does its job and is attractive.
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    Jay
    Charlottesville, US
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    Color: 01-silver
    Good sturdy stand for paper towels. Has small suction cups on bottom for stability. Good finish and good fit under the counter. Heavy base and not flimsy feeling. Brushed aluminum matched other appliances well.
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    Reviewed in the United States on January 6, 2026

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