Introduction to the economics and mathematics of financial markets

Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of ...

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 ...

Credit risk modeling

theory and applications

David Lando considers the two broad approaches to credit risk analysis: that based on classical option pricing models on the one hand, and on a direct modeling of the default probability of issuers on the other. He offers insights that can be drawn from each ...

Capital

the story of long-term investment excellence

ÍNDICE: Chapter 1. The Founding. Chapter 2. Staying Alive. Chapter 3. The Multiple-Counselor System. Chapter 4. Organizing the Core. Chapter 5. Mutual Fund Distribution. Chapter 6. Crossing the Rubicon: Capital Group. Chapter 7. Shareholder Services. Chapter 8. Acquisitions and Start-Ups. Chapter 9. Capital Guardian Trust ...

El valor de la empresa

Partiendo del concepto Valor, se tratan con profundidad y casos prácticos todos los elementos necesarios para poder llevar a cabo la valoración de una empresa: La determinación de las variables y la consideración del riesgo; Los modelos universales de valoración: El Análisis Básico, El Análisis ...

Investment fables

exposing the myths of "can't miss" investment strategies

The truth about 13 of today's most widely touted investment strategies. 10 powerful lessons for every investor Overcoming the enduring myths about markets High dividend stocks: better and safer than bonds--or not? Cheap stocks: cheap for a reason? Should you invest in quality? Momentum ...

Pricing in (in)complete markets

structural analysis and applications

In this book, the authors investigate structural aspects of no arbitrage pricing of contingent claims and applications of the general pricing theory in the context of incomplete markets. A quasi-closed form pricing equation in terms of artificial probabilities is derived for arbitrary payoff structures. Moreover ...

Alternative risk transfer

integrated risk management through insurance, reinsurance, and the capital markets

The Alternative Risk Transfer (ART) market has expanded in recent years to become a vital source of risk solutions and risk capacity and an important mechanism for the creation of integrated corporate risk management programs. The ART market unites the risk management and product development ...

A game theory analysis of options

corporate finance and financial intermediation in continuous time

This book shows how to combine game theory and option pricing in order to analyze dynamic multiperson decision problems in continuous time and under uncertainty. The basic intuition of the method is to separate the problem of the valuation of payoffs from the analysis of ...

Value added risk management in finacial institutions

leveraging Basel II & risk adjusted performance measurement

The typical financial executive s view of the value of risk management in their financial institution is based on the belief that risk management focuses on loss avoidance. This view is based on the history of risk management being control focused. However, risk management has ...

Risk and financial management

mathematical and computational methods

Financial risk management has become a popular practice amongst financial institutions to protect against the adverse effects of uncertainty caused by fluctuations in interest rates, exchange rates, commodity prices, and equity prices. New financial instruments and mathematical techniques are continuously developed and introduced in financial ...

Applied mergers and acquisitions

A well written and comprehensive journey into M&A...an essential reference for any M&A practitioner...this isn#t just a book about great thoughts and process, but rather how to turn insight into deals, and deals into lasting value." #From the Foreword by ...

Financial derivatives in theory and practice

Originally published in 2000, Financial Derivatives in Theory and Practice is a complete, rigorous and readable account of the mathematics underlying derivative pricing and a guide to applying these ideas to solve real pricing problems. It is aimed at practitioners and researchers who wish to ...

Private capital markets

valutaion,capitalization,and transfer of private business interests

"Paul Volcker may be the most important figure of our time on the U.S. economic scene. In his book, Paul Volcker: The Making of a Financial Legend, Joseph Treaster has captured the man, his time, and his influence with exceptional insight, clarity, and readability ...

Risk transfer

derivatives in theory and practice

INDICE: PART ONE: The Economics of Risk Transfer. CHAPTER 1: The Determinants of Financial Innovation. CHAPTER 2: Risk, Uncertainty, and Profit. CHAPTER 3: Methods of Controlling Risk and Uncertainty. CHAPTER 4: Risk Transfer and Contracting Structures. CHAPTER 5: The Evolution of Derivatives Activity. CHAPTER 6 ...

The econometrics of sequential trade models

theory and applications using high frequency data

The book inquires the consequences of speculative trading based on private information about financial asset markets. It presents an extensive and thorough discussion of theoretical and empirical methods used in previous studies on sequential trade models. The text also introduces a new framework for estimation ...

Levy processes in finance

pricing financial derivatives

Financial mathematics has recently enjoyed considerable interest on account of its impact on the finance industry. In parallel, the theory of Lévy processes has also seen many exciting developments. These powerful modelling tools allow the user to model more complex phenomena, and are commonly applied ...

Pricing and hedging interest and credit risk sensitive instruments

This book is tightly focused on the pricing and hedging of fixed income securities and their derivatives. It is targeted at those who are interested in trading these instruments in an investment bank, but is also useful for those responsible for monitoring compliance of the ...

Risk-neutral valuation

pricing and hedging of financial derivatives

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic ...

The Financial Times guide to investing

the definitive companion to investment and the financial markets

No need to be baffled any longer by a flurry of information, data, facts and comments, impenetrabel waves of jargon, and the complexities of the financial markets. The Financial Times Guide to Investing will introduce readers to the complex art of investing, and how to ...