Portfolio risk forecasting has been and continues to be an active research field for both academics and practitioners. Almost all institutional investment management firms use quantitative models for their portfolio forecasting, and researchers have explored models' econometric foundations, relative performance, and implications for capital market behavior and asset pricing equilibrium. Portfolio Risk Analysis provides an insightful and thorough overview of financial risk modeling, with an emphasis on practical applications, empirical reality, and historical perspective. Beginning with mean-variance analysis and the capital asset pricing model, the authors give a comprehensive and detailed account of factor models, which are the key to successful risk analysis in every economic climate. Topics range from the relative merits of fundamental, statistical, and macroeconomic models, to GARCH and other time series models, to the properties of the VIX volatility index. The book covers both mainstream and alternative asset classes, and includes in-depth treatments of model integration and evaluation. Credit and liquidity risk and the uncertainty of extreme events are examined in an intuitive and rigorous way. An extensive literature review accompanies each topic. The authors complement basic modeling techniques with references to applications, empirical studies, and advanced mathematical texts. This book is essential for financial practitioners, researchers, scholars, and students who want to understand the nature of financial markets or work toward improving them.
Every law enforcement patrol officer and investigator needs to understand both the tactical considerations of stopping and frisking a suspect, and the legal constraints that should govern that power. Recent years have shown clearly the damage that can be done when police lack an adequate understanding of the legal foundation for their activities. In this new edition of Stop and Frisk, Mitchell and Connor team up to provide active or aspiring police officers with the knowledge of applicable law as well as practical techniques they need to safely and legally carry out their crime suppression and investigative duties. This updated edition includes clear summaries of major cases of the last decade and lessons learned when police and communities failed to fully understand the results of Terry v. Ohio. Ideal for in-service training at the post-academy level, this book also gives time-tested tools to police officers, supervisors, and legal advisors. Stop and Frisk can be used to teach undergraduate Criminal Justice majors as well as concerned citizens to prevent crime in their communities.
The Operation of Grace collects a decade's worth of essays by Gregory Wolfe taken from the pages of Image, the literary journal he founded more than a quarter century ago. As he notes in the preface, his Image editorials, while they cover a wide range of topics, focus on the intersection of "art, faith, and mystery." Wolfe believes that art and religion, while hardly identical, offer illuminating analogies to one another--art deepening faith through the empathetic reach of the imagination and faith anchoring art in a vision beyond the artist's ego. Several essays dwell on how aesthetic values like ambiguity, tragedy, and beauty enlarge our understanding of the spiritual life. There are also a series of reflections that extend Wolfe's campaign to renew the neglected and often misunderstood tradition of Christian humanism. Finally, there are sections that contain more personal meditations arising from Wolfe's involvement in nurturing and promoting the work of emerging writers and artists. The Operation of Grace demonstrates once again why novelist Ron Hansen has spoken of Wolfe as "one of the most incisive and persuasive voices of our generation." .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }
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