Financial Derivatives procides a thorough introduction to finacial derivatives designed to supplement a wide range of university finance and economics courses. The text has two principle goals. First, it offers a broad overview of the different types of financial derivatives futures, options, options on futures, and swaps - while focusing on the principles that determine market prices. Second, the text presents financial derivatives as tools for risk management in a corporate setting, rather than as instruments of speculation. This approach is consistent with tye emergence of financial institutions and corporations as dominant forces in markets for financial derivatives. A new chapter 6, Risk Management and Finacial Engineering reflects the maturation of financial engineering as a financial speciality and illustrates how financial engineers use derivatives to manage risk.
Just entering the business from a EE background so I am reading this book to get down terminology and concepts before reading John C. Hull. At first "selling short" sounded like something shady.This book is written in a friendly, interesting style.Requires some math background (high school algebra) and basic knowledge of statistics (Gaussian distribution).I have been verifying all calculations. For the asking, I have written some programs to automate interest rate calculations and Black-Scholes (...).Next I'll write a program to do the work of 100000 stockbrokers in finding and executing arbitrage/reverse arbitrage opportunities.
Sound introduction to derivatives
Published by Thriftbooks.com User , 22 years ago
An easy to understand text that establishes the fundamentals of financial derivatives such as futures, options, and swaps with an emphasis on risk management. Great for business students.
Quick and Easy Guide
Published by Thriftbooks.com User , 24 years ago
This is a quick and easy guide to understanding derivatives. Excellent as a brief reference quide. Would recommend to professionals working with these products.
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