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V@R: Explain in your own words what is Value at Risk'? Using an assumed example, show how this concept helps financial institutions manage interest rate
V@R: Explain in your own words what is "Value at Risk'? Using an assumed example, show how this concept helps financial institutions manage interest rate risk? What are its uses and advantages? What are its limitations? How reliable is this measure? Is expected shortfall a more optimal measure for Bank's capital? Why or Why not? How do we address the shortcomings of Expected ShortfaJl? [Class discussions and assigned reading Article]
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