Stancu, Ion; Balu, Florentina - In: Theoretical and Applied Economics 3(498) (2006) 3(498), pp. 51-56
In this article we discuss one of the modern risk measuring techniques Value-at-Risk (VaR). Currently central banks in … major money centers, under the auspices of the BIS Basle Committee, adopt the VaR system to evaluate the market risk of … their supervised banks. Banks regulators ask all commercial banks to report VaRs with their internal models. Value at risk …