Tools for computational finance

"This book is very easy to read and one can gain a quick snapshot of computational issues arising in financial mathematics. Researchers or students of the mathematical sciences with an interest in finance will find this book a very helpful and gentle guide to the ...

Forecasting financial markets

the psychology of successful investing

The ability to make money in the world's financial markets depends critically on an individual's ability to make decisions independently of the crowd. To attain such independence, the investor or trader must acquire the capacity to understand the forces at work in logical ...

Microfoundations of financial economics

an introduction to general equilibrium asset pricing

This textbook takes the reader from the level of microeconomics principles through to modern asset pricing theory. Yvan Lengwiler elegantly links together issues that have in the past been the territory of general economic theorists on the one hand, and financial economists on the other ...

Efectos a largo plazo de las ampliaciones de capital en el mercado español

riesgos, optimismo y manipulación de beneficios

Agradecimientos. Introducción. Capítulo 1: Evolución a largo plazo de las empresas que amplían capital. Capítulo 2: ¿Son los inversores demasiado optimistas en sus expectativas acerca de las empresas que amplían capital?. Capítulo 3: Earnings management como explicación a la anomalía de las ampliaciones de capital ...

The basel II risk parameters

estimation, validation, and stress testing

The estimation and validation of the Basel II risk parameters PD (default probability), LGD (loss given default), and EAD (exposure at default) is an important problem in banking practice. These parameters are used on the one hand as inputs to credit portfolio models, on the ...

Asset prices, booms and recessions

is a book on Financial Economics from a dynamic perspective. It focuses on the dynamic interaction of financial markets and economic activity. The financial markets to be studied here encompasses the money and bond market, credit market, stock market and foreign exchange market. Economic activity ...

Introduction to stochastic calculus for finance

a new didactic approach

The large number of already available textbooks on stochastic calculus with specific applications to finance requires a justification for another contribution to this subject. The justification is mainly pedagogical. These lecture notes start with an elementary approach to stochastic calculus due to Follmer, who showed ...

Active credit portfolio management

a practical guide to credit risk management strategies

The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350 bn in respect to outstanding corporate bonds. Against this background, credit risk trading and credit portfolio management gained ...

The forewarned investor

don't get fooled again by corporate fraud

The authors identify common manifestations of fraud visible to investors. When an investor encounters a collection of these danger signs, he should follow the lead of a poker player with a lousy hand and fold.

Cash return on capital invested

ten years of investment analysis with the CROCI economic profit model

In this book, Pascal Costantini gives a lively and wonderfully readable account of ten years of efforts by a small group of investment analysts to find a reliable, practical and implementable method for valuing and selecting shares. The result of their effort is an original ...

Operational risk

modeling analytics

"Enterprise Risk Management" provides a highly detailed development of the many probabilistic and statistical methods that are used in operational risk. These methods have traditionally been developed in the insurance/actuarial field, but they are now applicable to operational risk measurement and management. In the ...

Raising venture capital

Offering a deep insight into the venture capital deal-making process, Raising Venture Capital also provides valuable introduction to the subject. The book is practical in focus but based on sound academic theory, research and teaching materials gathered over the last 4 years at Tanaka Business ...

Modeling risk

applying Monte Carlo simulation, real options analysis, forecasting, and optimization techniques

Divided into nine information-packed parts, Modeling Risk provides both a qualitative and quantitative description of risk, as well as an introduction to the methods used to identify, predict, quantify, value, hedge, diversify, and manage it.

Damodaran on valuation

security analysis for investment and corporate finance

"Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have "Damodaran on Valuation" on your bookshelf. You can bet that I do." - Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management ...

The volatility surface

a practitioner's guide

This work presents a detailed look at the volatility surface. The volatility surface, formed from implied volatilities of all strikes and expirations, moves around. This randomness needs to be explicitly modeled for the effective pricing, trading, and risk management of equity derivatives. Focusing on equity ...

Valoración de operaciones financieras

El doble objetivo de este libro es por un lado, definir de una forma clara y concisa los conceptos y herramientas más importantes en los que se sustenta la matemática financiera y, por otro lado, abordar la valoración de las operaciones financieras que con más ...

A Benchmark approach to quantitative finance

The benchmark approach provides a general framework for financial market modeling, which extends beyond the standard risk-neutral pricing theory. It permits a unified treatment of portfolio optimization, derivative pricing, integrated risk management and insurance risk modeling. The existence of an equivalent risk-neutral pricing measure is ...

Getting started in real estate investment trusts

This work provides an accessible introduction to Real Estate Investment Trusts (REITs). The growth of REITs as an asset class has created an excellent opportunity for small investors to participate in the ownership of institutional-quality real estate. "Getting Started in Real Estate Investment Trusts" examines ...

An undergraduate introduction to financial mathematics

This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three or four semester sequence of calculus courses. It introduces the theory of interest, random variables and probability, stochastic processes, arbitrage, option pricing, hedging, and portfolio optimization ...

Financiación internacional de la empresa