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FINANCIAL DERIVATIVES: PRICING AND RISK MANAGEMENT

At a time when our entire financial system is under great stress, many investors point. to the misuse of derivatives as one of the primary causes of the financial meltdown. Long misunderstood by the general public, some finan cial derivatives are fairly simple-while others are quite complicated and require considerable math ematical and statistical knowledge to fully under- stand. But with our financial system now undergo- ing unprecedented changes, there has never been a better time to gain a firm understanding of these instruments.

As part of the Robert W. Kolb Series in Finance, Financial Derivatives skillfully explores the con- temporary world of financial derivatives. Starting with a presumption of only a general knowledge of undergraduate finance, this collection of essential perspectives, written by leading figures in academ- ics, industry, and government, provides a compre- hensive understanding of financial derivatives. The contributors provide a complete overview of the types of financial derivatives and the markets in which they trade. They analyze the development and current state of derivatives markets including their regulation and examine the role of deriva- tives in risk management. They look at the pricing of derivatives, beginning with the fundamentals and move on to more advanced pricing techniques, showing how Monte Carlo methods can be applied to price derivatives.

The book concludes with an examination of the many ways derivatives can be used. While it is clear that financial derivatives are valuable for manag- ing risks and for providing information about the future prices of underlying goods, they can also be used as very sophisticated speculation tools.

Availability
10001209332.64 KOL fRLC MM (Rak Buku Umum)Available
Detail Information
Series Title
-
Statement of Responsibility
Call Number
332.64 KOL f
Publisher
New Jersey : John Wiley & Sons.,
Collation
xxiv, 600 p. : ill ; 26cm.
Language
English
ISBN/ISSN
978-0-470-49910-8
Classification
332.64
Content Type
-
Edition
-
Subject(s)
Buku Umum
Finance
Economics
Investing
Specific Detail Info
-
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