The aim of this book is to study three essential components of modern finance - Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together. It is divided into five parts: Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions. Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options. Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology. Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe's simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis. Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet. The book is aimed both at financial professionals and at students whose studies contain a financial aspect. "Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management."
-Harry M Markowitz, San Diego, USA
An authoritative, in-depth exploration of the environmental consequences of nanotechnology
Nanotechnology is revolutionizing the chemical, telecom, biotech, pharmaceutical, health care, aerospace, and computer industries, among others, and many exciting new nanotech applications are envisioned for the near future. While the rapid pace of innovation has been truly inspiring, much remains to be learned about the potential environmental and health risks posed by this nascent technology and its byproducts. So important is this issue that the ultimate success or failure of nanotechnology may well depend on how effectively science and industry address these concerns in the years ahead.
Written by two highly accomplished environmental professionals, Nanotechnology: Environmental Implications and Solutions brings scientists, engineers, and policymakers up to speed on the current state of knowledge in this vitally important area. Professor Theodore and Dr. Kunz provide a concise review of nano-fundamentals and explore background issues surrounding nanotechnology and its environmental impact. They then follow up with in-depth discussions of:
* The control, monitoring, and reduction of nanotech byproducts and their impact on the air, water, and land
* Health risks associated with nanotechnology, and methods to assess and control them
* Nanotech hazard risk assessment-including emergency response planning and personnel training
* Multimedia approaches that are available for the analysis of the impact of nanotechnology in the chemical, manufacturing, and waste disposal industries
* The future of nanotechnology and the "Industrial Revolution II"
* The legal implications of nanotechnology
* Societal and ethical implications of nanotechnology-based materials and processing method
Assuming only a basic knowledge of physics, chemistry, and mathematics on behalf of its readers, Nanotechnology: Environmental Implications and Solutions makes fascinating and useful reading for engineers, scientists, administrators, environmental regulatory officials, and public policy makers, as well as students in a range of science and engineering disciplines.