As part of the Robert W. Kolb Series in Finance, Financial Derivatives skillfully explores the contemporary world of financial derivatives. Starting with apresumption of only a general knowledge of undergraduate finance, this collection of essential readings, written by leading figures in academics, industry,and government, provides a comprehensive understanding of financial derivatives. The contributors provide a complete overview of the types of financial derivatives and the markets in which they trade. They analyze the development andcurrent state of derivatives marketsincluding their regulationand examine therole of derivatives in risk management. They look at the pricing of derivatives, beginning with the fundamentals and move on to more advanced pricing techniques, showing how Monte Carlo methods can be applied to price derivatives. The book concludes with an examination of the many ways derivatives can be used.While it is clear that financial derivatives are valuable for managing risks and for providing information about the future prices of underlying goods, they can also be used as very sophisticated speculation tools. The authors explore option strategies used in speculation and show how the same strategies can also be employed to reduce risk. In addition, they reveal how financial derivatives can effectively manage interest rate risk and discuss how hedge funds usefinancial derivatives.
- ISBN: 978-0-470-49910-8
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 600
- Fecha Publicación: 24/11/2009
- Nº Volúmenes: 1
- Idioma: Inglés