Financial Derivatives in Theory and Practice

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Wiley, Nov 19, 2004 - Mathematics - 468 pages
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The term Financial Derivative is a very broad term which has come to mean any financial transaction whose value depends on the underlying value of the asset concerned. Sophisticated statistical modelling of derivatives enables practitioners in the banking industry to reduce financial risk and ultimately increase profits made from these transactions.

The book originally published in March 2000 to widespread acclaim.?This?revised edition has been updated with minor corrections and new references, and now includes a chapter of exercises and solutions, enabling use as a course text.

  • Comprehensive introduction to the theory and practice of financial derivatives.
  • Discusses and elaborates on the theory of interest rate derivatives, an area of increasing interest.
  • Divided into two self-contained parts ? the first concentrating on the theory of stochastic calculus, and the second describes in detail the pricing of a number of different derivatives in practice.
  • Written by well respected academics with experience in the banking industry.

A valuable text for practitioners in research departments of all banking and finance sectors. Academic researchers and graduate students working in mathematical finance.

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About the author (2004)

Philip Hunt has been keeping reef aquariums since the early 1990s, and is a regular contributor to Practical Fishkeeping and other aquarium hobbyists' magazines. He lives in Sussex, England, with his wife, two children, and an abundance of marine life.

Joanne Kennedy is the RITA-nominated author of contemporary Western novels, including "Cowboy Trouble", "One Fine Cowboy", "Cowboy Fever", and "Cowboy Crazy".

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