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: Ïîñòàâêà ïîä çàêàç. 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.

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: Property derivatives have the potential to revolutionize real estate - the last major asset class without a liquid derivatives market. The new instruments offer ease and flexibility in the management of property risk and return.

Îïèñàíèå: This book presents a major innovation in the interest rate space. It explains a financially motivated extension of the LIBOR Market model which accurately reproduces the prices for plain vanilla hedging instruments (swaptions and caplets) of all strikes and maturities produced by the SABR model.

Îïèñàíèå: Model calibration strategies and techniques for derivative products The calibration of derivatives has evolved significantly, covering new ground like implied volatility surface static and dynamics, first and higher-generation exotics calibration, local and stochastic volatility models, interest rates or multi-asset correlation modeling, default time modeling, credit derivatives, and more. This book introduces the fundamentals of model calibration by taking an intuitive approach to the Black, Scholes, and Merton and revisiting it in an incomplete markets setting, applying to a range of hedging strategies.

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.

Îïèñàíèå: Praise for Fuel Hedging and Risk Management "Risk Management is an art, not a science, but it certainly helps to know a lot of science. In this book, the authors provide an excellent overview of both qualitative and quantitative aspects of risk managemen

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.

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).