Author(s)

Zhang Jinhao

Corresponding Author

Zhang Jinhao

Abstract

By expounding the extreme value theory, the measurement model of financial risk is concluded. Through comparative analysis, it is found that the variance covariance method has strong practicability, and its advantages and characteristics are analyzed. Finally, from the perspective of systemic financial risk and non system financial risk, the paper put forward the prevention and supervision of financial risk.

Keywords

Extreme value theory, Financial risk, VaR model.