The Handbook of Asset/Liability Management: State-of-Art Investment Strategies, Risk Controls and Regulatory Required

by Frank J Fabozzi, Atuso Konishi

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Editorial Reviews
Product Description
Completely revised and updated, the Handbook of Assetiability Management helps you keep your protfolio in line and market risk under control. This reference includes; The benefits from risk management; Asset securitization; Measuring interest rate and yield curve risk; Using OAS to implement value at risk balance sheet management; Hedging with derivatives; Implementing controls for managing derivative positions.

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All Customer Reviews
Average Customer Review: 4 out of 5 stars

0 of 0 people found the following review helpful:

4 out of 5 stars

Good book., 2007-08-22
The book has a bit of every aspect of ALM. Good choice for people looking to become familiar with terms, techniques and process of ALM.
It's a little out of date if you ask me. Some of the issues exposed need to be updated as they no longer apply to some financial institutions. As so, it's not the best book to buy but quite good choice to start with ALM.

4 of 4 people found the following review helpful:

3 out of 5 stars

Handbook on bank asset liability management, 2005-08-02
This is a good primer but out of date in 2005. Since it's last printing, banks have been burdened with SFAS 133 which substantially changes the rules of the road for hedging assets and liabilities. An updated version certainly needs to tackle this challenge. Also, banks have expanded the types of assets they will buy, such as CMBS, whole loans, and raw loans. On the liability side, structured financing has become a critical tool in a bank's ALCO toolkit.

3 of 3 people found the following review helpful:

4 out of 5 stars

Covers a lot of ground on ALM, 2003-05-28
Chapters are written by different authors. So, they vary in depth and difficulty. Some chapters are very technical, some are easier to read. But, the content is always very solid. Studying this book will give you a strong overall knowledge of ALM.

10 of 10 people found the following review helpful:

4 out of 5 stars

Classical and Comprehensive of traditional ALM, 2000-12-26
This book can serve you as the authoritive summary of the traditional ALM issues and techniques. It doesn't only describe the concept we should consider, but also educate the details of the ALM tools. Though this book doesn't deal with hot issues such as VaR and stochastic term structure model, it contains the essential ALM theory and practical technique you must know before diving into the frontier of ALM.

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