In this book Simona Roccioletti reviews several valuable studies about risk measures and their
properties in particular she studies the new (and heavily discussed) property of Elicitability
of a risk measure. More important she investigates the issue related to the backtesting of
Expected Shortfall. The main contribution of the work is the application of Test 1 and Test 2
developed by Acerbi and Szekely (2014) on different models and for five global market indexes.
