Financial Engineering

Fülszöveg

FINANCIAL ENGINEERING
Tools Techniques to Manage Financial Risk
"This timely book deserves to find a v^ide readership. Its scope is ambitious, embracing a wide range of cash and derivative instruments, the writing is clear and concise, the chapters are logically structured and numerous strategies keep the discussion rooted in the real world." - Risk Magazine
Financial Engineering is about using financial instruments to reduce or eliminate risk, or to restructure a financial exposure to improve its characteristics. This book shows how to apply the latest techniques by managing financial risks of all kinds.
The book carefully explains the tools of financial engineering and defines each instrument in depth. It describes the markets on which they are traded, and clearly illustrates how each product is priced and hedged. All applications are illustrated with fully-worked practical examples, and recommended tactics and techniques are "tested" by demonstrating the results with recent... Tovább

Fülszöveg

FINANCIAL ENGINEERING
Tools Techniques to Manage Financial Risk
"This timely book deserves to find a v^ide readership. Its scope is ambitious, embracing a wide range of cash and derivative instruments, the writing is clear and concise, the chapters are logically structured and numerous strategies keep the discussion rooted in the real world." - Risk Magazine
Financial Engineering is about using financial instruments to reduce or eliminate risk, or to restructure a financial exposure to improve its characteristics. This book shows how to apply the latest techniques by managing financial risks of all kinds.
The book carefully explains the tools of financial engineering and defines each instrument in depth. It describes the markets on which they are traded, and clearly illustrates how each product is priced and hedged. All applications are illustrated with fully-worked practical examples, and recommended tactics and techniques are "tested" by demonstrating the results with recent historical data. The book thus provides a solid understanding of the underlying theory as well as a clear demonstration of effective practice.
There are many books which concentrate on specific financial products like options or swaps, but there are very few which deal with the entire range of products. Again, there are a number of books which examine particular applications, like the management of interest rate risk, but few which deal with all manner of financial risks.
This book attempts to fill this gap, by providing a comprehensive and integrated treatment of a wide spectrum of financial engineering products and applications.
Beginners will find that each topic starts with a general introduction, defining each financial product, and explaining the terminology involved. The coverage then develops so that advanced users will be able to enhance their understanding of the finer nuances of each tool, and learn about some of the latest ideas and techniques.
Theoreticians will discover that virtually every formula and relationship is explained and justified, sometimes in a novel way. Practitioners, on the other hand, can skip the detailed mathematics and look at a variety of real-life applications, complete with numerous worked examples. Vissza