Using an intuitive, systematic approach to the material, Salih Neftci introduces the mathematics underlying the pricing of derivatives. The interest in dynamic pricing models is increasing due to their applicability to practical situations. With the freeing of exchange, interest rates, and capital controls, the markets for derivative products have matured, and pricing models have become more accurate. An Introduction to the Mathematics of Financial Derivatives fills the needs of professionals, Ph.D. students, and advanced MBA students who are specifically interested in these financial products.

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Professor Neftci teaches courses on financial derivatives, risk management, and financial econometrics at the Graduate School of the City University of New York and at the Graduate Institute of International Studies, Geneva, Switzerland.

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An Introduction to the Mathematics of Financial Derivatives.

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