{"product_id":"asset-liability-and-liquidity-management-hardcover","title":"Asset-Liability and Liquidity Management - Hardcover","description":"\u003cp\u003eby \u003cb\u003ePooya Farahvash\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eAsset-Liability and Liquidity Management\u003c\/i\u003e distils the author's extensive experience in the financial industry, and ALM in particular, into concise and comprehensive lessons. Each of the topics are covered with a focus on real-world applications, based on the author's own experience in the industry.\u003c\/p\u003e \u003cp\u003eThe author is the Vice President of Treasury Modeling and Analytics at American Express. He is also an adjunct Professor at New York University, teaching a variety of analytical courses.\u003c\/p\u003e \u003cp\u003eLearn from the best as Dr. Farahvash takes you through basic and advanced topics, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe fundamentals of analytical finance\u003c\/li\u003e \u003cli\u003eDetailed explanations of financial valuation models for a variety of products\u003c\/li\u003e \u003cli\u003eThe principle of economic value of equity and value-at-risk\u003c\/li\u003e \u003cli\u003eThe principle of net interest income and earnings-at-risk\u003c\/li\u003e \u003cli\u003eLiquidity risk\u003c\/li\u003e \u003cli\u003eFunds transfer pricing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA detailed Appendix at the end of the book helps novice users with basic probability and statistics concepts used in financial analytics.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eTraditional banks, investment banks, hedge funds, and all investment professionals benefit from thoroughly understanding Asset-Liability Management (ALM), Liquidity Risk, and Funds Transfer Pricing (FTP). That's what makes this book a valuable resource. Author Pooya Farahvash leverages his professional experience and expertise to clearly and thoroughly explain these topics. \u003c\/p\u003e\u003cp\u003eHe begins the book with chapters covering the fundamentals of analytical finance. The next section comprehensively discusses a range of financial valuation models and methods for various types of products. \u003c\/p\u003e\u003cp\u003eFollowing this discussion, \u003ci\u003eAsset-Liability and Liquidity Management\u003c\/i\u003e references the fundamentals covered in the initial chapters to explain the two core pillars of ALM: economic value of equity and net interest income. Additionally, Dr. Farahvash devotes individual chapters to concepts of Liquidity Risk and FTP, explaining each thoroughly. Dr. Farahvash covers the basics of FTP, before exploring two significant approaches to FTP: the pool method and the match-maturity method, explaining how they apply to fixed-rate, floating-rate, and non-maturing products. \u003c\/p\u003e\u003cp\u003eThe book also features an Appendix covering basic probability and statistics. This promotes a greater understanding of how these topics apply to the specific concepts described throughout the book. \u003c\/p\u003e\u003cp\u003eRisk managers, treasury professionals, and numerous other employees of financial institutions need to not only understand these concepts, but also appreciate why they are relevant. \u003ci\u003eAsset-Liability and Liquidity Management\u003c\/i\u003e helps by offering a clear but comprehensive introduction, allowing anyone to easily grasp what can at first seem to be intimidating concepts.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eLearn the essentials of Asset-Liability Management, Liquidity Risk, and Funds Transfer Pricing\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eMany financial institutions and professionals must familiarize themselves with numerous concepts to successfully optimize risk management. ALM, FTP, and Liquidity Risk are among the more significant. It's specifically important to understand the step-by-step process of executing ALM analysis. Balance sheet risk management remains a core topic for everyone from internal risk management teams to external regulators. \u003c\/p\u003e\u003cp\u003eLuckily, \u003ci\u003eAsset-Liability and Liquidity Management\u003c\/i\u003e makes understanding these topics easier than ever. Author Pooya Farahvash has substantial experience applying them in his own career. Having worked in asset-liability management and modeling at major financial institutions, Dr. Farahvash has the expertise necessary to explain everything a reader needs to know about these concepts, as well as why they are important and how they may be applied in a practical setting. \u003c\/p\u003e\u003cp\u003eIt's crucial that risk management professionals at financial institutions understand these ideas. \u003ci\u003eAsset-Liability and Liquidity Management\u003c\/i\u003e ensures its readers do.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePOOYA FARAHVASH\u003c\/b\u003e is vice president of Treasury Modeling and Analytics at American Express Company overseeing development of models used in ALM, liquidity risk management, stress testing, and deposit products. He previously worked at investment bank Jefferies in liquidity risk management and at CIT Group in asset-liability management. His experience in the banking industry is focused in treasury department activities, specifically in areas of interest rate risk, liquidity risk, asset-liability management, deposit modeling, and economic capital. Dr. Farahvash is also an adjunct instructor at New York University, teaching analytical courses. He received his PhD degree in Industrial and Systems Engineering and MS degree in Statistics both from Rutgers University, New Jersey. He currently lives in New York City.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 1056\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.7 x 9.1 x 6.1 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 16, 2020\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51769251135776,"sku":"9781119701880","price":59.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/cb0b8cd0404d2c6bf018554f5578c5a8.webp?v=1780344332","url":"https:\/\/ebocreations.com\/products\/asset-liability-and-liquidity-management-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}