这本有没有？今年新增，图书馆里都找不到。

62.
Leslie Rahl (editor), Risk Budgeting: A New Approach to Investing (London: Risk Books, 2004).
•
Chapter 6 – Risk Budgeting for Pension Funds and Investment Managers Using VaR, by Michelle McCarthy

purchased but cannot be downloaded, can you send it to me at chanel.mok@gmail.com
Thank you.

is it necessary to read all of them?

1. Options, Futures and Other derivatives, Hull

2. Financial Institutions Management, Saunders

3. Value at risk, Jorion

4. Fixed income securities, Tuckman

5. Risk Budgeting: Portfolio Problem Solving with Value at Risk, Pearson

6. Risk Management and Derivatives, Stulz

7. Probability and Statistics, Schaum's Outlines, Spiegel, Schiller and Srinivasan

8. Measuring and Managing Credit Risk, Servigny and Renault

9. Understanding Market, Credit and Operational Risk: The Value at Risk Approach, Allen, Boudoukh and Saunders

10. Credit Derivatives, Application, Pricing and Risk Management, Meissner

11. Risk Management and Capital Adequacy, Gallati

12. Risk Budgeting: A new Approach to Investing, Rahl

13. The Risk Management Process; Business Strategy and Tactics, Culp

14. Portfolio Theory and Performance Analysis, Amenc and Sourd

15. Funds of Hedge Funds, Jaffer

Includes the following Core Readings from the 2008 FRM Study Guide:
From the Quantitative Analysis section:
· Allen, Boudoukh and Saunders. Understanding Market, Credit, and Operational Risk: The Value at Risk Approach. Oxford: Blackwell Publishing, 2004.
　　Chapter 2 – Quantifying Volatility in VaR Model
· Damodar N Gujarati, Essentials of Econometrics, 3 rd Edition ( New York: McGraw-Hill, 2006.
　　Chapter 1 – The Nature and Scope of Econometrics
　　Chapter 2 – Review of Statistics I: Probability and Probability Distributions
　　Chapter 3 – Characteristics of Probability Distributions
　　Chapter 4 – Some Important Probability Distributions
　　Chapter 5 – Statistical Inference: Estimation and Hypothesis Testing
　　Chapter 6 – Basic Ideas of Linear Regression: The Two-Variable Model
　　Chapter 7 – The Two-Variable Model: Hypothesis Testing
　　Chapter 8 – Multiple Regression: Estimation and Hypothesis Testing
· Paul Wilmott, Paul Wilmott Introduces Quantitative Finance, 2nd Edition ( New York: Wiley & Sons, 2007).
　　Chapter 22 – Value at Risk
· Appendix A – All the Math You Need … and No More (An Executive Summary)

From the Market Risk Measurement and Management section:
· Jorion. Value at Risk: The New Benchmark for Managing Financial Risk, 3rd ed.
　　Chapter 10 – VaR Methods
　　Chapter 11 – VaR Mapping
　　Chapter 14 – Stress Testing
· McDonald. Derivatives Markets, 2nd ed. Boston: Addison-Wesley, 2006.
　　Chapter 6 – Commodity Forwards and Futures
· Saunders. Financial Institutions Management, 5th ed. New York: McGraw-Hill, 2005.
　　Chapter 15 – Foreign Exchange Risk
· Stulz. Risk Management & Derivatives. Mason, Ohio: Thomson South-Western, 2003.
　　Chapter 4 – A Firm-Wide Approach to Risk Management
　　Chapter 8 – Identifying and Managing Cash Flow Exposures
　　Chapter 15 – The Demand and Supply for Derivative Products
· Tuckman. Fixed Income Securities, 2nd ed. New York: Wiley, 2002.
　　Chapter 1 – Bond Prices, Discount Factors, and Arbitrage
　　Chapter 2 – Bond Prices, Spot Rates, and Forward Rates
　　Chapter 3 – Yield to Maturity
　　Chapter 4 – Generalizations and Curve Fitting
　　Chapter 5 – One-Factor Measures of Price Sensitivity
　　Chapter 6 – Measures of Price Sensitivity Based on Parallel Yield Shifts
　　Chapter 7 – Key Rate and Bucket Exposures
　　Chapter 9 – The Science of Term Structure Models

From the Credit Risk Measurement and Management section:

· Christopher Culp. Structured Finance and Insurance: The Art of Managing Capital and Risk. Hoboken: John Wiley & Sons, Inc., 2006.
　　Chapter 16 – Securitization
· De Servigny and Renault. Measuring and Managing Credit Risk. New York: Mc-Graw-Hill, 2004.
　　Chapter 2 – External and Internal Ratings
　　Chapter 3 – Default Risk: Quantitative Methodologies
　　Chapter 4 – Loss Given Default
　　Chapter 6 – Cre dit Risk Portfolio Models
　　Chapter 7 – Credit Risk Management and Strategic Capital Allocation
· Dev, editor. Economic Capital: A Practitioner Guide. London: Risk Books, 2004.
　　Chapter 7 – Economic Capital for Counterparty Credit Risk, by Evan Picoult and David Lamb.
· Meissner. Credit Derivatives, Application, Pricing and Risk Management. Malden, MA, Blackwell Publishing, 2005.
　　Chapter 3 – Synthetic Structures
· Michael Ong, Internal Credit Risk Models: Capital Allocation and 　　Performance Measurement, (London: Risk Books, 1999).
　　Chapter 4 – Loan Portfolios and Expected Loss
　　Chapter 5 – Unexpected Loss
　　Chapter 6 – Portfolio Effects: Risk Contributions and Unexpected Losses
· Saunders. Financial Institutions Management, 5th ed. New York: McGraw-Hill, 2005.
　　Chapter 11 – Credit Risk: Individual Loan Risk
　　Chapter 16 – Sovereign Risk
· Stulz. Risk Management & Derivatives. Mason, Ohio: Thomson South-Western, 2003.
　　Chapter 18 – Credit Risks and Credit Derivatives

From the Operational and Integrated Risk Management section:

· Allen, Boudoukh and Saunders. Understanding Market, Credit, and Operational Risk: The Value at Risk Approach. Oxford: Blackwell Publishing, 2004.
　　Chapter 5 – Extending the VaR Approach to Operational Risk
Crouhy, Galai, and Mark. Risk Management. New York: McGraw-Hill, 2001.
　　Chapter 14 – Capital Allocation and Performance Measurement
Culp. The Risk Management Process; Business Strategy and Tactics. Hoboken: John Wiley & Sons, Inc, 2001.
　　Chapter 17 – Identifying, Measuring, and Monitoring Liquidity Risk
· Davis (editor), Operational Risk: Practical Approaches to Implementation (London: Risk Books, 2005).
　　Chapter 12 – Aligning Basel II Operational Risk and Sarbanes Oxley 404 Projects, by Nick Bolton and Judson Berkey
De Servigny and Renault. Measuring and Managing Credit Risk. New York: Mc-Graw-Hill, 2004.
　　Chapter 10 – Regulation
· Dowd. Measuring market risk. New York: John Wiley & Sons, Inc., 2005.
　　Chapter 16 - Model Risk
· Gallati. Risk Management and Capital Adequacy. New York: McGraw-Hill, 2003.
　　Chapter 6 – Case Studies
· Saunders. Financial Institutions Management, 5th ed. New York: McGraw-Hill, 2005.
　　Chapter 14 – Technology and Other Operational Risks
· Stulz. Risk Management & Derivatives. Mason, Ohio: Thomson South-Western, 2003.
　　Chapter 2 – Investors and Risk Management
　　Chapter 3 – Creating Value with Risk Management

From the Risk Management and Investment Management section:

· Amenc, Noel and Veronique Le Sourd. Portfolio Theory and Performance Analysis. West Sussex: Wiley, 2003.
　　Chapter 4 – The Capital Asset Pricing Model and Its Application to Performance Measurement
· Jorion. Value at Risk: The New Benchmark for Managing Financial Risk, 3rd ed.
　　Chapter 7 – Portfolio Risk: Analytical Methods
　　Chapter 17 – VaR and Risk Budgeting in Investment Management
· Lars Jaeger, editor. The New Generation of Risk Management for Hedge Funds and Private Equity Investments. London: Euromoney Books, 2003.
　　Chapter 6 – Funds of Hedge Funds,by Sohail Jaffer
　　Chapter 27 – Style Drifts: Monitoring, Detection and Control, by Pi erre-Yves Moix
· Lars Jaeger. Through the Alpha Smoke Screens, A Guide to Hedge Fund Return Sources. New York: Euromoney Institutional Investor, 2005.
　　Chapter 5 – Individual Hedge Fund Strategies
· Richard Grinold and Ronald Kahn, Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Controlling Risk, 2nd Edition, (New York: McGraw-Hill, 1999).
　　Chapter 17 – Performance Analysis

Does NOT include the following Core Readings from the FRM 2008 Study Guide:

Not Included from the Market Risk Measurement and Management section:

· Hull . Options, Futures, and Other Derivatives, 6th ed. New York: Prentice Hall, 2006.
　　Chapter 3 – Hedging Strategies using Futures
　　Chapter 5 – Determination of Forward and Futures Prices
　　Chapter 6 – Interest Rate Markets
　　Chapter 7 – Swaps
　　Chapter 9 – Properties of Stock Options
　　Chapter 10 – Trading Strategies Involving Options
　　Chapter 11 – Binomial Trees
　　Chapter 13 – The Black-Scholes-Merton Model
　　Chapter 15 – The Greek Letters
　　Chapter 16 – Volatility Smiles
Chapter 22 – Exotic Options  

Includes the following Core Readings from the 2008 FRM Study Guide:
From the Quantitative Analysis section:
· Allen, Boudoukh and Saunders. Understanding Market, Credit, and Operational Risk: The Value at Risk Approach. Oxford: Blackwell Publishing, 2004.
　　Chapter 2 – Quantifying Volatility in VaR Model
· Damodar N Gujarati, Essentials of Econometrics, 3 rd Edition ( New York: McGraw-Hill, 2006.
　　Chapter 1 – The Nature and Scope of Econometrics
　　Chapter 2 – Review of Statistics I: Probability and Probability Distributions
　　Chapter 3 – Characteristics of Probability Distributions
　　Chapter 4 – Some Important Probability Distributions
　　Chapter 5 – Statistical Inference: Estimation and Hypothesis Testing
　　Chapter 6 – Basic Ideas of Linear Regression: The Two-Variable Model
　　Chapter 7 – The Two-Variable Model: Hypothesis Testing
　　Chapter 8 – Multiple Regression: Estimation and Hypothesis Testing
· Paul Wilmott, Paul Wilmott Introduces Quantitative Finance, 2nd Edition ( New York: Wiley & Sons, 2007).
　　Chapter 22 – Value at Risk
· Appendix A – All the Math You Need … and No More (An Executive Summary)

From the Market Risk Measurement and Management section:
· Jorion. Value at Risk: The New Benchmark for Managing Financial Risk, 3rd ed.
　　Chapter 10 – VaR Methods
　　Chapter 11 – VaR Mapping
　　Chapter 14 – Stress Testing
· McDonald. Derivatives Markets, 2nd ed. Boston: Addison-Wesley, 2006.
　　Chapter 6 – Commodity Forwards and Futures
· Saunders. Financial Institutions Management, 5th ed. New York: McGraw-Hill, 2005.
　　Chapter 15 – Foreign Exchange Risk
· Stulz. Risk Management & Derivatives. Mason, Ohio: Thomson South-Western, 2003.
　　Chapter 4 – A Firm-Wide Approach to Risk Management
　　Chapter 8 – Identifying and Managing Cash Flow Exposures
　　Chapter 15 – The Demand and Supply for Derivative Products
· Tuckman. Fixed Income Securities, 2nd ed. New York: Wiley, 2002.
　　Chapter 1 – Bond Prices, Discount Factors, and Arbitrage
　　Chapter 2 – Bond Prices, Spot Rates, and Forward Rates
　　Chapter 3 – Yield to Maturity
　　Chapter 4 – Generalizations and Curve Fitting
　　Chapter 5 – One-Factor Measures of Price Sensitivity
　　Chapter 6 – Measures of Price Sensitivity Based on Parallel Yield Shifts
　　Chapter 7 – Key Rate and Bucket Exposures
　　Chapter 9 – The Science of Term Structure Models