Learning Results
• To discuss the various kinds of risk that will emerge within financial and non- financial companies.
• To discuss the main methods and techniques aimed to analyze and manage interest rate risk, exchange rate risk,
and credit risk.
Program
1. Introduction
What is risk
Kinds of risk
Hedging
2. Interest rate risk analysis and management
Bonds evaluation
Duration and convexity
Yield curves
Interest rate risk management strategies
3. Exchange rate risk analysis and management
Main concepts
Kinds and measures of exchange rate risk
Exchange rate risk management strategies
4. Interest rate risk management strategies
Scoring and rating
Univariate and multivariate discriminant analysis
Logit and Probit models
Internship(s)
NAO
Bibliography
• Altman, E. I. (2005), Corporate Financial Distress and Bankruptcy, 3rd edition, Wiley.
• Bank for International Settlements (2006), International Convergence of Capital Measurement and Capital
Standards, Basel, Switzerland
• Bernstein, P. L. (1998), Against the Gods: The Remarkable Story of Risk, John Wiley & Sons.
• Eiteman, D. K., Stonehill, A. I. & Moffett, M. H. (2006), Multinational Business Finance, 11th edition, Pearson
Education.