Principles of Financial Engineering presents a fresh, original, informative, and up-to-date introduction to financial engineering.
Rather than introducing financial instruments, this book describes the methods of synthetically creating assets in static and in dynamic environments, and shows how to use them. It offers clear links between intuition and underlying mathematics and an outstanding mixture of market insights and mathematical materials. It emphasizes developing methods that can be used to solve risk management, taxation, regulation, and above all, pricing problems. It explains issues involved in the day-to-day life of traders, using non-mathematical language. It provides a careful and concise analysis of the LIBOR market model and of volatility engineering problems. Exercises and case studies at end of each chapter as well as on-line Solutions Manual are available.
This book will be a useful resource for anyone learning about practical elements of financial engineering. It can also serve as a resource for professionals and academics in all areas of quantitative finance.
- ISBN10 1322345929
- ISBN13 9781322345925
- Publish Date 1 January 2008 (first published 5 May 2004)
- Publish Status Active
- Out of Print 17 June 2015
- Publish Country US
- Imprint Academic Press
- Edition Revised ed.
- Format eBook
- Pages 893
- Language English