Risk and Financial Management

This book has 10 chapters. The first five form a section on finance and risk management; the rest make a section entitled mathematical and computational finance. One of its particular strengths is the selected references and readings given at the end of each chapter. These enable the reader to follow up topics that are just introduced and extend the understanding of those topics to a greater degree than covered in that chapter. The first section would be understandable by any students with a reasonable mathematical back-ground, and it could be treated in isolation if used as a contribution to a course on finance and risk management. However, the section on mathematical and computational finance requires a far greater understanding of mathematics and would be most suitable for final year undergraduate or post-graduate students. Although this book has some useful examples to illustrate the principles and to show how the theory is applied, there are no exercises for the student to attempt. Thus anyone wishing to use it for teaching must provide their own exercises. However, this book has much to recommend it for the practitioner in risk or finance. For those who have experience in risk (or finance) and who wish to gain a greater understanding of financial management (or risk), it is a good attempt to bridge the gap. Those with experience in risk will find the first half of the book very familiar and may choose to move straight on to the second section. Those readers with expertise in finance and no or little experience in risk, though, will find much in the first section to interest them.