Financial Derivatives in Theory and Practice, Revised EditionISBN: 978-0-470-86358-9
Hardcover
472 pages
July 2004
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Other Available Formats: Paperback
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The term Financial Derivative is a very broad term which has come
to mean any financial transaction whose value depends on the
underlying value of the asset concerned. Sophisticated statistical
modelling of derivatives enables practitioners in the banking
industry to reduce financial risk and ultimately increase profits
made from these transactions.
The book originally published in March 2000 to widespread acclaim. This revised edition has been updated with minor corrections and new references, and now includes a chapter of exercises and solutions, enabling use as a course text.
- Comprehensive introduction to the theory and practice of financial derivatives.
- Discusses and elaborates on the theory of interest rate derivatives, an area of increasing interest.
- Divided into two self-contained parts ? the first concentrating on the theory of stochastic calculus, and the second describes in detail the pricing of a number of different derivatives in practice.
- Written by well respected academics with experience in the banking industry.
A valuable text for practitioners in research departments of all banking and finance sectors. Academic researchers and graduate students working in mathematical finance.