Banks pay substantial amounts to monitor the risks that they take. One of the primary concerns of

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Banks pay substantial amounts to monitor the risks that they take. One of the primary concerns of a bank’s “risk managers” is to compute the value at risk. Why is value at risk so important for a bank (or any financial institution)?

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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