Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, Risk Management, Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives. After offering a general framework for risk management and speculation using derivative securities, it explores specific applications to forward contracts and options. Not intended as a comprehensive introduction to derivative securities, Risk Management, Speculation, and Derivative Securities is the innovative, useful approach that addresses new developments in derivatives and risk management.
- ISBN10 6611050701
- ISBN13 9786611050702
- Publish Date 10 June 2002 (first published 1 January 2002)
- Publish Status Active
- Out of Print 1 August 2012
- Publish Country US
- Imprint Elsevier Science & Technology
- Format eBook
- Pages 601
- Language English