Нравится LibRing?
Расскажи друзьям:
L. Gajek

Financial Risk Management for Pension Plans

Книгу можно купить в интернет-магазинах:

· OZON.ru 13534р. [Проверить наличие]
ISBN: 0444516743
Издательство: Elsevier Science
Год издания: 2005
Book DescriptionThis 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...