Financial Derivatives in Theory and Practice
| Author | : | |
| Rating | : | 4.31 (805 Votes) |
| Asin | : | 0470863595 |
| Format Type | : | paperback |
| Number of Pages | : | 468 Pages |
| Publish Date | : | 2013-01-15 |
| Language | : | English |
DESCRIPTION:
20, No. "This one adopts the mathematics text style of approachBut, it is not a dry bookThe book is deep and detailed" (Short Book Reviews, Vol. 3, December 2000) "It sets a new high standard for future texts on mathematical finance" (The Statistician, Vol.51, No.2, 2002)
"well written and relevant" according to A Customer. The book "Financial Derivatives in Theory and Practice" by P.J. Hunt and J.E. Kennedy is yet another textbook on modern mathematics of finance. Although the market seems to be saturated by countless texts on the subject, this book appears to be an original and valuable contribution to the current literature.The book is divided into two parts: Th. "Yet another textbook on mathematical finance" according to A Customer. This volume is yet another textbook on mathematical finance (a branch of mathematics, as opposed to quantitative finance/ financial engineering) and does not contain much original material except a good exposition of LIBOR and swap market models in the second part.The book is divided into two parts, Theory and Pratice.The theory part is a course. Erroneous comments below I don't know why the previous reviewer said the book contains no mathematical proofs, but this statement is completely false. I have the book in front of me here, and it looks like all the theorems are accompanied with complete proofs. I don't mean to provide a complete review here, but the contents looks good, and so does the choice of topics.
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. 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. Sophisticated statistical modelling of derivatives enables practitioners in the banking industry to reduce financial risk and ultimately increase profits made from these transactions.