An Introduction to Derivative Securities, Financial Markets, and Risk Management - Rilegato

Jarrow, Robert; Chatterjea, Arkadev

Rilegato

ISBN 10: 1944659552 ISBN 13: 9781944659554

Casa editrice: World Scientific Pub Co Inc, 2019

Riassunto

This introductory textbook on derivatives and risk management is accessible in terms of the concepts as well as the mathematics. With its economics perspective, the book is closely connected to real markets, showing how macroeconomic forces have shaped the markets, explaining the major derivative pricing models using algebra and introductory calculus, showing students how to implement these models using basic statistics and elementary Excel spreadsheet skills, and discussing the uses of derivatives while warning against their abuses. Beginning at a level that is comfortable to lower division college students, the book gradually develops the material so that its lessons can be profitably used by business majors, arts, science and engineering graduates as well as MBAs who would work in the finance industry. While the main text is simple, many advanced topics and research ideas are included within the book in the form of "Extensions" that are optional material. Many of these inserts include current research insights not available in existing textbooks. Additionally, hard-to-teach interest rate derivatives are presented in an intuitive manner. The Heath–Jarrow–Morton model, which is the most advanced derivatives pricing model, is made accessible by presenting it side-by-side with classical option pricing theory.

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Informazioni sull'autore

Robert A Jarrow is the Ronald P and Susan E Lynch Professor of Investment Management at the Samuel Curtis Johnson Graduate School of Management, Cornell SC Johnson College of Business. He is among the most distinguished finance scholars of his generation. Jarrow has done research in nearly all areas of derivatives pricing. He is the co-developer of two widely used pricing models in finance, the Heath Jarrow Morton (HJM) model for pricing interest-rate derivatives and the reduced form model for pricing securities with credit risk. He is the author of more than 200 academic publications, seven books including Option Pricing (with Andrew Rudd, 1983), Modelling Fixed Income Securities and Interest Rate Options (1996), and Derivative Securities (with Stuart Turnbull, 2000), and several edited volumes.

Arkadev Chatterjea is a Visiting Professor of Finance, Kelley School of Business, Indiana University Bloomington. He is also a Research Fellow at UNC Chapel Hill and a Visiting Fellow at CHERI, Cornell University. He did his PhD at Cornell, where he was a student of Jarrow. Earlier, he was a Professor of Finance at the Indian Institute of Management Calcutta. A winner of research and teaching awards in the USA, Chatterjea has taught derivatives at the above universities and at other institutions including CU Boulder, the Helsinki School, Hong Kong UST, and IIM Ahmedabad.

Dettagli dell'edizione

• Editore: World Scientific Pub Co Inc
• Data di pubblicazione: 2019
• Lingua: Inglese
• ISBN 10: 1944659552
• ISBN 13: 9781944659554
• Rilegatura: Copertina rigida
• Numero edizione: 2
• Numero di pagine: 735
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile