Granularity Theory With Applications To Finance And Insurance
Kshs 2,850.00
Kshs Loading...
The recent financial crisis has heightened the need for appropriate methodologies for managing and monitoring complex risks in financial markets. The measurement, management, and regulation of risks in portfolios composed of credits, credit derivatives, or life insurance contracts is difficult because of the nonlinearities of risk models, dependencies between individual risks, and the several thousands of contracts in large portfolios. The granularity principle was introduced in the Basel regulations for credit risk to solve these difficulties in computing capital reserves.
In this book, authors Patrick Gagliardini and Christian Gourieroux provide the first comprehensive overview of the granularity theory and illustrate its usefulness for a variety of problems related to risk analysis, statistical estimation, and derivative pricing in finance and insurance. They show how the granularity principle leads to analytical formulas for risk analysis that are simple to implement and accurate even when the portfolio size is large.
- Classifications: Econometrics
- Readership:Professional & Vocational
- Format: Paperback softback 202 pages, 12 Tables, unspecified; 36 Line drawings, unspecified
ISBN : 9781107662889
Published : 6 Oct 2014
Author : Christian Gourieroux, Patrick Gagliardini
Main Material : Paperback softback
Publisher : Cambridge University Press
Size : 227 x 151 x 11 (mm)
Weight : 292g
Out of stock
Delivery Information
We strive to ensure all orders are processed and delivered promptly.
- Order Processing: Orders are processed within 1–2 business days upon confirmation of order & payment.
- Delivery Timeline: Standard delivery typically takes 1–3 business days, depending on your location and courier availability.
- Shipment Updates: Once your order is dispatched, our sales agent shall contact you regarding the progress of your delivery.
- Delays: While we aim to deliver on time, unforeseen delays may occur due to customs clearance, courier challenges, or external factors. We will keep you updated should any delays arise.
Returns & Exchanges
We value your satisfaction and aim to make returns as smooth as possible.
- Eligibility: Items may be returned within 7 days of delivery, provided they are unused, in original packaging, and accompanied by proof of purchase.
- Non‑Returnable Items: Certain items such as story books / novels, offer / clearance products, personalized orders cannot be returned.
- Return Approval: All return requests must be reviewed and approved by our team before the item is sent back.
- Return Shipping: Return shipping costs are the responsibility of the customer unless the item received was damaged, defective, or incorrect.
- Refunds: Approved refunds will be processed within 5–7 business days after the returned item is inspected. Refunds are issued through the original payment method.
- Exchanges: If you wish to exchange an item, please contact us to confirm availability via our official EYS WhatsApp / call on +254 726 522 108.
