Anonymous shelf assessment
Comprehensive Guide to Value at Risk
Shelf score 8.0 / 10
On Value at risk · Philippe Jorion · McGraw-Hill
Published 21 March 2026
Philippe Jorion's text presents Value at Risk as a crucial tool for financial risk management.
Overview
This book offers an in-depth exploration of Value at Risk (VaR), detailing its theoretical foundations and practical applications in managing financial risk. Jorion discusses the implications of VaR across various financial contexts, making it a vital resource for professionals in the field.
Targeted at risk managers, analysts, and portfolio managers, the text serves as an intermediate-level guide that balances complex concepts with practical insights. It aims to equip readers with the necessary tools to effectively implement VaR in their risk management strategies.
By area & interest
Theoretical Foundations
The book delves into the theoretical underpinnings of Value at Risk, explaining its significance in the broader context of risk management.
Practical Applications
Jorion provides practical examples and case studies that illustrate how VaR can be applied in real-world financial scenarios.
Implications in Financial Contexts
The text discusses the implications of VaR in various financial markets, including fixed income and derivatives, highlighting its versatility.
Basis of this assessment
This assessment is based on the catalogue description and subject classifications from Open Library.
Strengths
The book is well-structured, providing a comprehensive overview of VaR, making it accessible for intermediate readers. Jorion's expertise in the field adds credibility and depth to the discussions.
Limitations
While the text is thorough, it may not cater to beginners due to its intermediate reading level, and some readers may find the lack of recent case studies a limitation.
Ideal reader
This book is ideal for risk managers, analysts, and portfolio managers seeking to deepen their understanding of Value at Risk and its application in financial risk management.