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008			240502b |||||||| |||| 00| 0 eng d
020			_a9780123749017 (hbk. : alk. paper)
020			_a0123749018 (hbk. : alk. paper)
040			_arda _cMSULIB _bEnglish _erda
050	0	0	_aHG1616.C34 KLA
100	1		_aKlaassen, Pieter. _eauthor
245	1	0	_aEconomic capital : _bhow it works and what every manager needs to know / _cPieter Klaassen and Idzard van Eeghen.
260		1	_aBurlington, MA : _bElsevier, _c2009.
264		4	_c©2009.
300			_axv, 285 pages : _billustrations _c24 cm.
336			_2rdacontent _atext
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
490	1		_a[Elsevier finance]
504			_aIncludes bibliographical references and index.
505			_aChapter 1: Measuring the Unexpected: Understanding Economic Capital Chapter 2: Show Me the Money: The Purpose of Economic Capital Chapter 3: You Manage What You Measure: Defining Economic Capital Chapter 4: Running the Numbers: Measuring Economic Capital Chapter 5: Facing Reality: Implementing Economic Capital Chapter 6: Team play: Economic Capital and its Context Chapter 7: What's Next? The Future of Economic Capital
520			_aEconomic Capital: How It Works and What Every Manager Needs to Know clarifies how economic capital can be defined, measured, and implemented in a manner that adds value to an organization. It does so in a way that is accessible to a broad audience, including senior managers of financial institutions, supervisors, analysts, and risk modelers. The book illustrates main concepts and choices with many examples and actual events in financial markets, including those in the recent sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities, and its relation to other risk management tools that are available to the modern risk manager. Takes a managerial view on economic capital in relation to capital adequacy, risk management, and performance management, which aids management understanding of how risk modelling and economic capital can help to control risk and balance risk and return. Presents real dilemmas and discusses possible solutions when setting up an economic capital framework in an institution, which helps managers to make informed choices for a consistent and effective risk and performance framework within their institution. The Non-mathematical and intuitive discussion of topics that are otherwise the exclusive domain of mathematicians creates a book that is accessible to a broad audience in financial sector, from managers and supervisors who want to understand and control the risk models that financial institutions use, to analysts and modelers. Structured and complete discussion of all relevant aspects of economic capital, from purpose and definition to measurement, implementation, and use can be utilized as a source of reference for discussions between managers, supervisors and modelers. Illustrations with many actual events from the sub-prime and other financial crisis explain what risks caused these crises and how risk models and managers can identify these risks and reflect them in an economic capital framework. Contains description of risk modelling approaches for a large number of risks, which enables consistent risk modelling for large number of risks within an economic capital framework
650		0	_aBank capital.
650		0	_aBank management.
650		0	_aBanks and banking _xRisk management.
700	1		_aEeghen, Idzard van. _eauthor
942			_2lcc _cB
999			_c165191 _d165191