Can I read Financial Risk Management of Pension Plans on EtoBox?

Financial Risk Management of Pension Plans by Krzysztof Ostaszewski; Leslaw Gajek is a nonfiction available to read on EtoBox.

What is Financial Risk Management of Pension Plans about?

This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The reader is expected to know basic probability theory and mathematical analysis, while all required concepts in financial and actuarial mathematics are developed in the text. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologi

Who reads Financial Risk Management of Pension Plans?

Author

Krzysztof Ostaszewski; Leslaw Gajek

Publisher

Elsevier Science Ltd

Published

2004

Language

EN

ISBN

9780080459240

Category

nonfiction

Subjects

Finance, Management, Business