The Oxford Guide to Financial Modeling : Applications for Capital Markets, Corporate Finance, Risk Management and Financial Institutions: Applications for Capital Markets, Corporate Finance, Risk Management and Financial Institutions (Google eBook)

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Oxford University Press, Dec 19, 2003 - Business & Economics - 768 pages
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The essential premise of this book is that theory and practice are equally important in describing financial modeling. In it the authors try to strike a balance in their discussions between theories that provide foundations for financial models and the institutional details that provide the context for applications of the models. The book presents the financial models of stock and bond options, exotic options, investment grade and high-yield bonds, convertible bonds, mortgage-backed securities, liabilities of financial institutions -- the business model and the corporate model. It also describes the applications of the models to corporate finance. Furthermore, it relates the models to financial statements, risk management for an enterprise, and asset/liability management with illiquid instruments. The financial models are progressively presented from option pricing in the securities markets to firm valuation in corporate finance, following a format to emphasize the three aspects of a model: the set of assumptions, the model specification, and the model applications. Generally, financial modeling books segment the world of finance as "investments," "financial institutions," "corporate finance," and "securities analysis," and in so doing they rarely emphasize the relationships between the subjects. This unique book successfully ties the thought processes and applications of the financial models together and describes them as one process that provides business solutions. Created as a companion website to the book readers can visit www.thomasho.com to gain deeper understanding of the book's financial models. Interested readers can build and test the models described in the book using Excel, and they can submit their models to the site. Readers can also use the site's forum to discuss the models and can browse server based models to gain insights into the applications of the models. For those using the book in meetings or class settings the site provides Power Point descriptions of the chapters. Students can use available question banks on the chapters for studying.
  

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Contents

II
3
III
6
IV
9
V
14
VI
16
VII
17
VIII
18
IX
22
CXIX
332
CXX
333
CXXI
341
CXXII
349
CXXIII
352
CXXIV
356
CXXV
358
CXXVI
363

X
24
XI
25
XII
29
XIII
31
XIV
33
XV
35
XVII
37
XIX
38
XX
43
XXI
44
XXII
46
XXIII
48
XXIV
49
XXV
53
XXVI
56
XXVII
62
XXVIII
70
XXIX
73
XXX
74
XXXI
75
XXXII
76
XXXIII
77
XXXIV
80
XXXV
82
XXXVI
83
XXXVII
85
XXXVIII
92
XXXIX
96
XL
98
XLI
100
XLII
102
XLIII
103
XLIV
106
XLV
107
XLVI
108
XLVII
109
XLVIII
113
XLIX
114
L
115
LI
116
LII
123
LIII
124
LIV
129
LV
132
LVI
136
LVII
156
LVIII
157
LIX
163
LX
164
LXII
172
LXIII
173
LXIV
175
LXV
182
LXVI
185
LXVII
186
LXVIII
188
LXIX
193
LXX
195
LXXI
200
LXXII
203
LXXIII
207
LXXIV
209
LXXV
210
LXXVI
211
LXXVII
214
LXXVIII
215
LXXIX
216
LXXX
218
LXXXI
223
LXXXII
225
LXXXIII
232
LXXXIV
233
LXXXV
238
LXXXVI
240
LXXXVII
242
LXXXVIII
243
LXXXIX
247
XC
249
XCII
252
XCIII
259
XCIV
260
XCV
265
XCVI
274
XCVII
280
XCVIII
283
XCIX
284
C
286
CI
288
CII
290
CIV
292
CV
298
CVI
299
CVII
303
CVIII
306
CX
308
CXI
312
CXII
313
CXIII
317
CXIV
321
CXV
322
CXVI
323
CXVII
324
CXVIII
327
CXXVII
366
CXXVIII
367
CXXIX
368
CXXX
374
CXXXI
376
CXXXII
380
CXXXIII
385
CXXXIV
404
CXXXV
406
CXXXVI
407
CXXXVII
408
CXXXVIII
413
CXXXIX
414
CXL
417
CXLI
419
CXLII
421
CXLIII
428
CXLIV
430
CXLV
440
CXLVI
441
CXLVII
442
CXLVIII
443
CXLIX
444
CL
446
CLI
452
CLII
453
CLIII
454
CLIV
457
CLV
461
CLVI
463
CLVII
465
CLVIII
467
CLIX
470
CLX
471
CLXI
475
CLXII
479
CLXIV
480
CLXV
481
CLXVI
493
CLXVII
494
CLXVIII
497
CLXIX
500
CLXX
504
CLXXI
506
CLXXII
512
CLXXIII
513
CLXXIV
516
CLXXV
517
CLXXVI
518
CLXXVII
525
CLXXVIII
526
CLXXIX
528
CLXXX
529
CLXXXI
535
CLXXXII
537
CLXXXIII
538
CLXXXIV
540
CLXXXV
546
CLXXXVI
548
CLXXXVII
549
CLXXXVIII
553
CLXXXIX
554
CXCI
559
CXCII
565
CXCIII
566
CXCIV
569
CXCV
572
CXCVI
575
CXCVII
576
CXCVIII
578
CXCIX
592
CC
594
CCI
599
CCII
600
CCIII
602
CCIV
606
CCV
607
CCVI
608
CCVII
611
CCVIII
614
CCIX
615
CCX
616
CCXI
617
CCXII
618
CCXIV
619
CCXV
620
CCXVI
621
CCXVII
622
CCXVIII
624
CCXIX
627
CCXX
628
CCXXI
631
CCXXII
633
CCXXIII
634
CCXXIV
647
CCXXV
660
CCXXVI
669
CCXXVII
674
CCXXVIII
677
CCXXIX
681
CCXXX
687
CCXXXI
705
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Page 7 - To put this point less paradoxically, the relevant question to ask about the "assumptions" of a theory is not whether they are descriptively "realistic," for they never are, but whether they are sufficiently good approximations for the purpose in hand. And this question can be answered only by seeing whether the theory works, which means whether it yields sufficiently accurate predictions.

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