Professor Lie has written an extremely accessible book that carefully lays out why it is important for companies to manage their cash balances and how they can do so using the tools of risk management and corporate financial policies. Both students and financial management professionals will find this to be a valuable reference.

David J. Denis, Roger Ahlbrandt Sr. Chair of Finance, University of Pittsburgh

Applied Corporate Risk and Liquidity Management is about managing cash or, more broadly, managing liquidity. Erik Lie provides original presentations and integration of ideas that have appeared in the recent literature about techniques for managing liquidity and risk. The book will be engaging to anyone at a corporate level who has responsibility for day-to-day management of cash holdings or cash and other liquid assets.

John McConnell, Burton D. Morgan Distinguished Chair of Private Enterprise, Krannert School of Management, Purdue University

Risk management is a challenging subject because it is broad, employing tools and insights from corporate finance, derivatives, insurance, and statistics. In this useful book, Erik Lie skillfully provides the necessary background to cover the important topics.

Robert McDonald, Gaylord Freeman Distinguished Chair in Banking, Kellogg School of Management, Northwestern University