Energy and Power Risk Management: New Developments in Modeling, Pricing, and Hedging, Alexander Eydeland

Íîâîå èçäàíèå

Àâòîð: Eydeland Íàçâàíèå: Energy and Power Risk Management, 2nd Edition: New Developments in Modeling, Pricing, and Hedging ISBN: 0471784214 ISBN-13(EAN): 9780471784210 Èçäàòåëüñòâî: Wiley Öåíà: 6793 ð. Íàëè÷èå íà ñêëàäå: Íåò â íàëè÷èè. Îïèñàíèå: This book offers the tools and methods for analysis and management of energy risk. "Energy and Power Risk Management, Second Edition" addresses the
complex issues and challenges arising in the expanding market for energy derivatives, providing readers with insight into modeling, hedging, and risk management techniques utilized in
the energy markets. This fully revised and updated second edition provides significantly more coverage of the oil and oil product markets as well as commodity linked fixed income
products, and also reviews the impact technical developments in modeling and model estimation have made within this industry over the last few years.

Alexander Eydeland,
PhD (Purchase, NY) is Executive Director at Morgan Stanley in charge of global commodities analytic modeling. Krzysztof Wolyniec (Stamford, NY) is a Director at Sempra Commodities,
heading the quantitative analysis group.

Îïèñàíèå: This book offers the tools and methods for analysis and management of energy risk. "Energy and Power Risk Management, Second Edition" addresses the
complex issues and challenges arising in the expanding market for energy derivatives, providing readers with insight into modeling, hedging, and risk management techniques utilized in
the energy markets. This fully revised and updated second edition provides significantly more coverage of the oil and oil product markets as well as commodity linked fixed income
products, and also reviews the impact technical developments in modeling and model estimation have made within this industry over the last few years.

Alexander Eydeland,
PhD (Purchase, NY) is Executive Director at Morgan Stanley in charge of global commodities analytic modeling. Krzysztof Wolyniec (Stamford, NY) is a Director at Sempra Commodities,
heading the quantitative analysis group.

Books on complex hedging instruments are often more confusing than the instruments themselves. "Hedging Instruments & Risk Management" brings clarity to the topic, giving money managers the straightforward knowledge they need to employ hedging tools and techniques in four key markets--equity, currency, fixed income, and mortgage. Using real-world data and examples, this high-level book shows practitioners how to develop a common set of mathematical and statistical tools for hedging in various markets and then outlines several hedging strategies with the historical performance of each.

Àâòîð: Marcelo G. Cruz Íàçâàíèå: Modeling, Measuring and Hedging Operational Risk ISBN: 0471515604 ISBN-13(EAN): 9780471515609 Èçäàòåëüñòâî: Wiley Ðåéòèíã: Öåíà: 4179 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.

Îïèñàíèå: Operational risk concerns issues like transaction processing errors, liability situations, and back-office failure. This text focuses on the measuring and modelling techniques banks and investment companies need to quantify operational risk and provides practical, sensible solutions for doing so.

Àâòîð: Bielecki Tomasz R., Rutkowski Marek Íàçâàíèå: Credit Risk: Modeling, Valuation and Hedging ISBN: 3540675930 ISBN-13(EAN): 9783540675938 Èçäàòåëüñòâî: Springer Ðåéòèíã: Öåíà: 10284 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.

Îïèñàíèå: The main objective of Credit Risk: Modeling, Valuation and Hedging is to present a comprehensive survey of the past developments in the area of credit risk research, as well as to put forth the most recent advancements in this field. An important aspect of this text is that it attempts to bridge the gap between the mathematical theory of credit risk and the financial practice, which serves as the motivation for the mathematical modeling studied in the book. Mathematical developments are presented in a thorough manner and cover the structural (value-of-the-firm) and the reduced (intensity-based) approaches to credit risk modeling, applied both to single and to multiple defaults. In particular, the book offers a detailed study of various arbitrage-free models of defaultable term structures with several rating grades.

Îïèñàíèå: This work aims to provide a thorough explanation of moder methods for pricing and hedging with descriptions of the various modelling techniques that can be used to price the various securities, such as government bonds, treasury bills, and interest rate derivatives.

Îïèñàíèå: This book is written for quantitative finance professionals, students, educators, and mathematically inclined individual investors. It is about some of the latest developments in pricing, hedging, and investing in incomplete markets. With regard to pricing, two frameworks are fully elaborated: neutral and indifference pricing. With regard to hedging, the most conservative and relaxed hedging formulas are derived. With regard to investing, the neutral pricing methodology is also considered as a tool for connecting market asset prices with optimal positions in such assets.Srdjan D. Stojanovic is Professor in the Department of Mathematical Sciences at University of Cincinnati (USA) and Professor in the Center for Financial Engineering at Suzhou University (China).

Îïèñàíèå: The only guide focusing entirely on practical approaches to pricing and hedging derivatives One valuable lesson of the financial crisis was that derivatives and risk practitioners don`t really understand the products they`re dealing with.

Îïèñàíèå: Using empirical data and charts, this book explains the consequences of diversification failure in tail events and how to manage portfolios when this happens. It provides an easy-to-use, yet rigorous framework for protecting investment portfolios against tail risk and using tail hedging to play offense.

Àâòîð: Nielsen, Lars Tyge Íàçâàíèå: Pricing and Hedging of Derivative Securities ISBN: 0198776195 ISBN-13(EAN): 9780198776192 Èçäàòåëüñòâî: Oxford Academ Ðåéòèíã: Öåíà: 10668 ð. Íàëè÷èå íà ñêëàäå: Íåâîçìîæíà ïîñòàâêà.

Îïèñàíèå: An introduction to advanced probability theory in financial economics, this text covers continuous-time stochastic processes; trading, pricing, and hedging in continuous time, using the Martingale approach; and the BlackScholes and Gaussian one-factor models of the term structure of interest rates.

Îïèñàíèå: Minimize risk and maximize profits with convertible arbitrage Convertible arbitrage involves purchasing a portfolio of convertible securities-generally convertible bonds-and hedging a portion of the equity risk by selling short the underlying common stock. This increasingly popular strategy, which is especially useful during times of market volatility, allows individuals to increase their returns while decreasing their risks. Convertible Arbitrage offers a thorough explanation of this unique investment strategy. Filled with in-depth insights from an expert in the field, this comprehensive guide explores a wide range of convertible topics. Readers will be introduced to a variety of models for convertible analysis, "the Greeks," as well as the full range of hedges, including titled and leveraged hedges, as well as swaps, nontraditional hedges, and option hedging. They will also gain a firm understanding of alternative convertible structures, the use of foreign convertibles in hedging, risk management at the portfolio level, and trading and hedging risks. Convertible Arbitrage eliminates any confusion by clearly differentiating convertible arbitrage strategy from other hedging techniques such as long-short equity, merger and acquisition arbitrage, and fixed-income arbitrage. Nick Calamos (Naperville, IL) oversees research and portfolio management for Calamos Asset Management, Inc. Since 1983 his experience has centered on convertible securities investment. He received his undergraduate degree in economics from Southern Illinois University and an MS in finance from Northern Illinois University.