Economic Capital
How It Works, and What Every Manager Needs to Know
By- Pieter Klaassen, Managing Director of Firmwide Risk Aggregation at UBS A.G. He holds a PhD in operations research from the MIT Sloan School of Management.
- Idzard van Eeghen, Group Senior Vice President of Integrated Risk Management at ABNAMRO Bank N.V. Mr. Eeghen holds two degrees: masters in economics and masters in financial economics.
Managers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. Economic Capital: How It Works and What Every Manager Needs to Know presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager.
Audience
Senior managers in banks, insurers, supervisors and regulators, risk professionals, and analysts
Hardbound, 304 Pages
Published: June 2009
Imprint: Elsevier
ISBN: 978-0-12-374901-7
Contents
- Chapter 1: Measuring the Unexpected: Understanding Economic CapitalChapter 2: Show Me the Money: The Purpose of Economic CapitalChapter 3: You Manage What You Measure: Defining Economic CapitalChapter 4: Running the Numbers: Measuring Economic CapitalChapter 5: Facing Reality: Implementing Economic CapitalChapter 6: Team play: Economic Capital and its Context Chapter 7: Whats Next? The Future of Economic Capital
