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Hi, there's an error in the summary table for Climate-related risk drivers and their transmission channels. Page 7 (p.33 in vitalsource) The drivers should be respectively Microeconomic and Macroeconomic, however, the table shows the opposite:

Another error in Reading 60 p. 22 (p.351 in VitalSource) The formula for Macaulay Duration in the notes has a mistake. The period exponent applies to the whole t/(1+YTM), while it should only apply to the denominator (1+YTM) Notes in VitalSource: Correct formula should be (as validated in...

There's an error in the vitalsource notes regarding nominal interest rates. reading 60, p.8 (337 in vitalsource) states : nominal interest rate = real rate - inflation rate However, nominal insterest rate is real + inflation, as confirmed by GARP's Liquidity and treasury risk p.354

Hi, p. 5 of Liquidity stress testing (vitalsource p.176) reads: However the actual segment in the book (GARP p.174) reads: Wording is alike, but definitely not the same result

Hi @David Harper CFA FRM , I know this is an old thread, by my notes are exactly the same as the screenshot provided in post #1. Is the example still relevant or has it not been updated yet? thank you

Just figured it out, I forgot to account for the return Correct calculation is: mu - z*sigma --> 0.05952 - 1.645*2.20479

P2.T8 page 6 (Example of the LVAR) At the risk of looking stupid here, I'm trying to calculate the VaRs in the table and I can't get the same value as shown in the table i.e. 95% daily VaR --> 1.645 * 2.20499% = 3.6268% but 3.567% in the table What am I missing here?