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Asset-Liability and Liquidity Management

Description:

Asset-Liability and Liquidity Management distils the author’s extensive experience in the financial industry, and ALM in particular, into concise and comprehensive lessons. Each of the topics are covered with a focus on real-world applications, based on the author’s own experience in the industry.

The author is the Vice President of Treasury Modeling and Analytics at American Express. He is also an adjunct Professor at New York University, teaching a variety of analytical courses.

Learn from the best as Dr. Farahvash takes you through basic and advanced topics, including:

  • The fundamentals of analytical finance
  • Detailed explanations of financial valuation models for a variety of products
  • The principle of economic value of equity and value-at-risk
  • The principle of net interest income and earnings-at-risk
  • Liquidity risk
  • Funds transfer pricing

A detailed Appendix at the end of the book helps novice users with basic probability and statistics concepts used in financial analytics.

Read more

Editorial Reviews

From the Inside Flap

Traditional banks, investment banks, hedge funds, and all investment professionals benefit from thoroughly understanding Asset-Liability Management (ALM), Liquidity Risk, and Funds Transfer Pricing (FTP). That's what makes this book a valuable resource. Author Pooya Farahvash leverages his professional experience and expertise to clearly and thoroughly explain these topics.

He begins the book with chapters covering the fundamentals of analytical finance. The next section comprehensively discusses a range of financial valuation models and methods for various types of products.

Following this discussion, Asset-Liability and Liquidity Management references the fundamentals covered in the initial chapters to explain the two core pillars of ALM: economic value of equity and net interest income. Additionally, Dr. Farahvash devotes individual chapters to concepts of Liquidity Risk and FTP, explaining each thoroughly. Dr. Farahvash covers the basics of FTP, before exploring two significant approaches to FTP: the pool method and the match-maturity method, explaining how they apply to fixed-rate, floating-rate, and non-maturing products.

The book also features an Appendix covering basic probability and statistics. This promotes a greater understanding of how these topics apply to the specific concepts described throughout the book.

Risk managers, treasury professionals, and numerous other employees of financial institutions need to not only understand these concepts, but also appreciate why they are relevant. Asset-Liability and Liquidity Management helps by offering a clear but comprehensive introduction, allowing anyone to easily grasp what can at first seem to be intimidating concepts.

From the Back Cover

Learn the essentials of Asset-Liability Management, Liquidity Risk, and Funds Transfer Pricing

Many financial institutions and professionals must familiarize themselves with numerous concepts to successfully optimize risk management. ALM, FTP, and Liquidity Risk are among the more significant. It's specifically important to understand the step-by-step process of executing ALM analysis. Balance sheet risk management remains a core topic for everyone from internal risk management teams to external regulators.

Luckily, Asset-Liability and Liquidity Management makes understanding these topics easier than ever. Author Pooya Farahvash has substantial experience applying them in his own career. Having worked in asset-liability management and modeling at major financial institutions, Dr. Farahvash has the expertise necessary to explain everything a reader needs to know about these concepts, as well as why they are important and how they may be applied in a practical setting.

It's crucial that risk management professionals at financial institutions understand these ideas. Asset-Liability and Liquidity Management ensures its readers do.

Reviews:

5.0 out of 5 stars Good

Z.M. · May 4, 2025

Good book for professionals

5.0 out of 5 stars The best for the ALM / IRR practitioner!

K. · September 21, 2024

My favorite reference for the ALM / IRR - both for introduction and overview, but go to a decent level of detail for experienced practitioner.Got it when moved to the new area of risk management, and it was a tremendous help.

5.0 out of 5 stars Nice introduction to ALM

O. · June 12, 2022

I'm using this book to refresh and reinforce myself on the ALM topics I didn't work on for quite a few years. I'm not disappointed. The flow of information is very consistent. The examples are detailed and pedagogic. The content is "practitioner's" rather than "academic." A very nice introduction to the subject!

5.0 out of 5 stars Very good for practitioners

G.C. · January 21, 2021

By far the most comprehensive material that ive read on the topic. Helped me a lot

5.0 out of 5 stars Highly recommend

A.C. · July 17, 2020

Highly recommend. This is a super thick and comprehensive all-in-one style book for anyone who wants to learn ALM or liquidity risk management. All knowledge points and calculations are covered in details. The author is an experienced financial professional and structures the book to be a go-to book for all relevant financial topics.

5.0 out of 5 stars Highly Recommended

V.C. · July 12, 2020

This book is clear and comprehensive. It details the principles needed to understand ALM and Liquidity Risk, and covers how things work in practice. That’s the benefit of an author who is both an experienced practitioner and a professor.

5.0 out of 5 stars Crystal clear on FTP domain

S. · July 20, 2020

This book provides the excellent explanation especially on FTP mechanism with practical example. Besides, NII, EVE section could be very well described.

Useless information

A.C. · May 18, 2024

Useless information.

Essential knowledge for treasury/liquidity risk specialists

P. · July 12, 2025

Best investment I’ve made.This book landed me a job in liquidity risk a few years ago. Currently using it to prepare for an interview in Treasury/FTP.

Libro de cabecera.

M. · February 4, 2023

Libro completo y con muchos ejemplos prácticos.

A bit complicated language

D. · August 24, 2021

It's a bit difficult to read

Outstanding

A.C. · February 10, 2025

Superb. Concepts are explained from scratch to advance level with clarity and ample examples. The list of references given at the end of each chapter is highly informative. An excellent exposition of ALM including liquidity concepts. Must read for anyone interested in finance especially ALM functions.

Visit the Wiley Store

Asset-Liability and Liquidity Management

Product ID: U1119701880
Condition: New

4.4

AED32174

Price includes VAT & Import Duties
Type: Hardcover
Availability: In Stock

Quantity:

|

Order today to get by 7-14 business days

This item qualifies for free delivery

Returns & Warranty policies

Imported From: United States

At BOLO, we work hard to ensure the products you receive are new, genuine, and sourced from reputable suppliers.

BOLO is not an authorized or official retailer for most brands, nor are we affiliated with manufacturers unless specifically stated on a product page. Instead, we source verified sellers, authorized distributors or directly from the manufacturer.

Each product undergoes thorough inspection and verification at our consolidation and fulfilment centers to ensure it meets our strict authenticity and quality standards before being shipped and delivered to you.

If you ever have concerns regarding the authenticity of a product purchased from us, please contact Bolo Support. We will review your inquiry promptly and, if necessary, provide documentation verifying authenticity or offer a suitable resolution.

Your trust is our top priority, and we are committed to maintaining transparency and integrity in every transaction.

All product information, images, descriptions, and reviews originate from the manufacturer or from trusted sellers overseas. BOLO is not affiliated with, endorsed by, or an authorized retailer for most brands listed on our website unless stated otherwise.

While we strive to display accurate information, variations in packaging, labeling, instructions, or formulation may occasionally occur due to regional differences or supplier updates. For detailed or manufacturer-specific information, please contact the brand directly or reach out to BOLO Support for assistance.

Unless otherwise stated, all prices displayed on the product page include applicable taxes and import duties.

BOLO operates in accordance with the laws and regulations of United Arab Emirates. Any items found to be restricted or prohibited for sale within the UAE will be cancelled prior to shipment. We take proactive measures to ensure that only products permitted for sale in United Arab Emirates are listed on our website.

All items are shipped by air, and any products classified as “Dangerous Goods (DG)” under IATA regulations will be removed from the order and cancelled.

All orders are processed manually, and we make every effort to process them promptly once confirmed. Products cancelled due to the above reasons will be permanently removed from listings across the website.

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Visit the Wiley Store

Asset-Liability and Liquidity Management

Product ID: U1119701880
Condition: New

4.4

Asset-Liability and Liquidity Management-0
Type: Hardcover

AED32174

Price includes VAT & Import Duties
Availability: In Stock

Quantity:

|

Order today to get by 7-14 business days

This item qualifies for free delivery

Returns & Warranty policies

Imported From: United States

At BOLO, we work hard to ensure the products you receive are new, genuine, and sourced from reputable suppliers.

BOLO is not an authorized or official retailer for most brands, nor are we affiliated with manufacturers unless specifically stated on a product page. Instead, we source verified sellers, authorized distributors or directly from the manufacturer.

Each product undergoes thorough inspection and verification at our consolidation and fulfilment centers to ensure it meets our strict authenticity and quality standards before being shipped and delivered to you.

If you ever have concerns regarding the authenticity of a product purchased from us, please contact Bolo Support. We will review your inquiry promptly and, if necessary, provide documentation verifying authenticity or offer a suitable resolution.

Your trust is our top priority, and we are committed to maintaining transparency and integrity in every transaction.

All product information, images, descriptions, and reviews originate from the manufacturer or from trusted sellers overseas. BOLO is not affiliated with, endorsed by, or an authorized retailer for most brands listed on our website unless stated otherwise.

While we strive to display accurate information, variations in packaging, labeling, instructions, or formulation may occasionally occur due to regional differences or supplier updates. For detailed or manufacturer-specific information, please contact the brand directly or reach out to BOLO Support for assistance.

Unless otherwise stated, all prices displayed on the product page include applicable taxes and import duties.

BOLO operates in accordance with the laws and regulations of United Arab Emirates. Any items found to be restricted or prohibited for sale within the UAE will be cancelled prior to shipment. We take proactive measures to ensure that only products permitted for sale in United Arab Emirates are listed on our website.

All items are shipped by air, and any products classified as “Dangerous Goods (DG)” under IATA regulations will be removed from the order and cancelled.

All orders are processed manually, and we make every effort to process them promptly once confirmed. Products cancelled due to the above reasons will be permanently removed from listings across the website.

Description:

Asset-Liability and Liquidity Management distils the author’s extensive experience in the financial industry, and ALM in particular, into concise and comprehensive lessons. Each of the topics are covered with a focus on real-world applications, based on the author’s own experience in the industry.

The author is the Vice President of Treasury Modeling and Analytics at American Express. He is also an adjunct Professor at New York University, teaching a variety of analytical courses.

Learn from the best as Dr. Farahvash takes you through basic and advanced topics, including:

  • The fundamentals of analytical finance
  • Detailed explanations of financial valuation models for a variety of products
  • The principle of economic value of equity and value-at-risk
  • The principle of net interest income and earnings-at-risk
  • Liquidity risk
  • Funds transfer pricing

A detailed Appendix at the end of the book helps novice users with basic probability and statistics concepts used in financial analytics.

Read more

Editorial Reviews

From the Inside Flap

Traditional banks, investment banks, hedge funds, and all investment professionals benefit from thoroughly understanding Asset-Liability Management (ALM), Liquidity Risk, and Funds Transfer Pricing (FTP). That's what makes this book a valuable resource. Author Pooya Farahvash leverages his professional experience and expertise to clearly and thoroughly explain these topics.

He begins the book with chapters covering the fundamentals of analytical finance. The next section comprehensively discusses a range of financial valuation models and methods for various types of products.

Following this discussion, Asset-Liability and Liquidity Management references the fundamentals covered in the initial chapters to explain the two core pillars of ALM: economic value of equity and net interest income. Additionally, Dr. Farahvash devotes individual chapters to concepts of Liquidity Risk and FTP, explaining each thoroughly. Dr. Farahvash covers the basics of FTP, before exploring two significant approaches to FTP: the pool method and the match-maturity method, explaining how they apply to fixed-rate, floating-rate, and non-maturing products.

The book also features an Appendix covering basic probability and statistics. This promotes a greater understanding of how these topics apply to the specific concepts described throughout the book.

Risk managers, treasury professionals, and numerous other employees of financial institutions need to not only understand these concepts, but also appreciate why they are relevant. Asset-Liability and Liquidity Management helps by offering a clear but comprehensive introduction, allowing anyone to easily grasp what can at first seem to be intimidating concepts.

From the Back Cover

Learn the essentials of Asset-Liability Management, Liquidity Risk, and Funds Transfer Pricing

Many financial institutions and professionals must familiarize themselves with numerous concepts to successfully optimize risk management. ALM, FTP, and Liquidity Risk are among the more significant. It's specifically important to understand the step-by-step process of executing ALM analysis. Balance sheet risk management remains a core topic for everyone from internal risk management teams to external regulators.

Luckily, Asset-Liability and Liquidity Management makes understanding these topics easier than ever. Author Pooya Farahvash has substantial experience applying them in his own career. Having worked in asset-liability management and modeling at major financial institutions, Dr. Farahvash has the expertise necessary to explain everything a reader needs to know about these concepts, as well as why they are important and how they may be applied in a practical setting.

It's crucial that risk management professionals at financial institutions understand these ideas. Asset-Liability and Liquidity Management ensures its readers do.

Reviews:

5.0 out of 5 stars Good

Z.M. · May 4, 2025

Good book for professionals

5.0 out of 5 stars The best for the ALM / IRR practitioner!

K. · September 21, 2024

My favorite reference for the ALM / IRR - both for introduction and overview, but go to a decent level of detail for experienced practitioner.Got it when moved to the new area of risk management, and it was a tremendous help.

5.0 out of 5 stars Nice introduction to ALM

O. · June 12, 2022

I'm using this book to refresh and reinforce myself on the ALM topics I didn't work on for quite a few years. I'm not disappointed. The flow of information is very consistent. The examples are detailed and pedagogic. The content is "practitioner's" rather than "academic." A very nice introduction to the subject!

5.0 out of 5 stars Very good for practitioners

G.C. · January 21, 2021

By far the most comprehensive material that ive read on the topic. Helped me a lot

5.0 out of 5 stars Highly recommend

A.C. · July 17, 2020

Highly recommend. This is a super thick and comprehensive all-in-one style book for anyone who wants to learn ALM or liquidity risk management. All knowledge points and calculations are covered in details. The author is an experienced financial professional and structures the book to be a go-to book for all relevant financial topics.

5.0 out of 5 stars Highly Recommended

V.C. · July 12, 2020

This book is clear and comprehensive. It details the principles needed to understand ALM and Liquidity Risk, and covers how things work in practice. That’s the benefit of an author who is both an experienced practitioner and a professor.

5.0 out of 5 stars Crystal clear on FTP domain

S. · July 20, 2020

This book provides the excellent explanation especially on FTP mechanism with practical example. Besides, NII, EVE section could be very well described.

Useless information

A.C. · May 18, 2024

Useless information.

Essential knowledge for treasury/liquidity risk specialists

P. · July 12, 2025

Best investment I’ve made.This book landed me a job in liquidity risk a few years ago. Currently using it to prepare for an interview in Treasury/FTP.

Libro de cabecera.

M. · February 4, 2023

Libro completo y con muchos ejemplos prácticos.

A bit complicated language

D. · August 24, 2021

It's a bit difficult to read

Outstanding

A.C. · February 10, 2025

Superb. Concepts are explained from scratch to advance level with clarity and ample examples. The list of references given at the end of each chapter is highly informative. An excellent exposition of ALM including liquidity concepts. Must read for anyone interested in finance especially ALM functions.

Similar suggestions by Bolo

More from this brand

Similar items from “Banks & Banking”

Share with

Or share with link

https://www.bolo.ae/products/U1119701880