An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and economics.
Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three different degrees of sophistication: single-period, multi-period, and continuous-time. The single-period and multi-period models require only basic calculus and an introductory probability/statistics course, while an advanced undergraduate course in probability is helpful in understanding the continuous-time models. In this way, the material is given complete coverage at different levels; the less advanced student can stop before the more sophisticated mathematics and still be able to grasp the general principles of financial economics.
The book is divided into three parts. The first part provides an introduction to basic securities and financial market organization, the concept of interest rates, the main mathematical models, and quantitative ways to measure risks and rewards. The second part treats option pricing and hedging; here and throughout the book, the authors emphasize the Martingale or probabilistic approach. Finally, the third part examines equilibrium models -- a subject often neglected by other texts in financial mathematics, but included here because of the qualitative insight it offers into the behavior of market participants and pricing.
Автор: Valdez Stephen Название: An Introduction to Global Financial Markets ISBN: 1137497556 ISBN-13(EAN): 9781137497550 Издательство: Springer Рейтинг: Цена: 8524.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: An accessible but comprehensive guide to the world of finance and financial markets. Taking an international approach, the authors examine the different types of banking and markets around the world, and cover foreign exchange and derivative products. This edition is right up to date and incorporates recent events and developments in finance.
Автор: Jong, Frank De Rindi, Barbara Название: Microstructure of financial markets ISBN: 0521687276 ISBN-13(EAN): 9780521687270 Издательство: Cambridge Academ Рейтинг: Цена: 6019.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The first graduate level textbook to cover the theory and empirics of the emerging sub-discipline of financial market microstructure. With numerous end-of-chapter exercises and a companion website, the book is ideally suited for students taking graduate courses in finance as well as being a useful reference for practitioners.
Автор: Ali Hirsa Название: An Introduction to the Mathematics of Financial Derivatives, ISBN: 012384682X ISBN-13(EAN): 9780123846822 Издательство: Elsevier Science Рейтинг: Цена: 13304.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. It encourages use of discrete chapters as complementary readings on different topics.
Автор: Ruttiens Alain Название: Mathematics of the Financial Markets ISBN: 1118513452 ISBN-13(EAN): 9781118513453 Издательство: Wiley Рейтинг: Цена: 9504.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The book aims to prioritise what needs mastering and presentsthe content in the most understandable, concise and pedagogical wayillustrated by real market examples. Given the variety and thecomplexity of the materials the book covers, the author sortsthrough a vast array of topics in a subjective way, relying uponmore than twenty years of experience as a market practitioner. Thebook only requires the reader to be knowledgeable in the basics ofalgebra and statistics.
The Mathematical formulae are only fully proven when the proofbrings some useful insight. These formulae are translated fromalgebra into plain English to aid understanding as the vastmajority of practitioners involved in the financial markets are notrequired to compute or calculate prices or sensitivities themselvesas they have access to data providers. Thus, the intention of thisbook is for the practitioner to gain a deeper understanding ofthese calculations, both for a safety reason - it is betterto understand what is behind the data we manipulate - andsecondly being able to appreciate the magnitude of the prices weare confronted with and being able to draft a rough calculation, aside of the market data.
The author has avoided excessive formalism where possible.Formalism is securing the outputs of research, but may, in othercircumstances, burden the understanding by non-mathematicians; anexample of this case is in the chapter dedicated to the basis ofstochastic calculus.
The book is divided into two parts:
First, the deterministic world, starting from the yield curvebuilding and related calculations (spot rates, forward rates, discrete versus continuous compounding, etc.), and continuing withspot instruments valuation (short term rates, bonds, currencies andstocks) and forward instruments valuation (forward forex, FRAs andvariants, swaps & futures);
Second, the probabilistic world, starting with the basis ofstochastic calculus and the alternative approach of ARMA to GARCH, and continuing with derivative pricing: options, second generationoptions, volatility, credit derivatives;
This second part is completed by a chapter dedicated to marketperformance & risk measures, and a chapter widening the scopeof quantitative models beyond the Gaussian hypothesis andevidencing the potential troubles linked to derivative pricingmodels.
Автор: David Hillier,Mark Grinblatt Название: Financial Markets and Corporate Strategy 2 ed. ISBN: 0077129423 ISBN-13(EAN): 9780077129422 Издательство: McGraw-Hill Рейтинг: Цена: 10637.00 р. Наличие на складе: Поставка под заказ.
Описание: Financial Markets and Corporate Strategy
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