Problem
Discuss, in less than 1200 words, the limitations of Value-at-Risk and Expected shortfall.
Include appropriate references, with a reference section.
Include:
o What is VAR and expected shortfall?
o When we use them? How?
o What's the difference between them?
o What's the benefits and limitations of them?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.