Risk Management and Financial Derivatives: A Guide to the Mathematicsby Satyajit Das
Financial risk management - along with its complex
With financial management becoming more complex and technical,this long-needed book goes beyond formulas to explain the mathmatical concepts for everyday users. Leading experts clarify the numbers behind risk management,including yield curve modeling,pricing bonds,forwards,and options; and value-at-risk.
Financial risk management - along with its complex mathematical concepts and equations - is part of daily life for growing numbers of businesspeople,from bankers and portfolio managers to financial executives in most major industries. With millions,or even billions,of dollars continually at risk,the cost of a misunderstood or misapplied concept can be devastating. Risk Management and Financial Derivatives: A Guide to the Mathematics meets the demand for a simple,nontechnical explanantion of the methodology of risk management and financial derivatives. Articles and papers written by leading practitioners from around the globe provide: Easy-to-understand explanantions of the basic mathematics underlying risk management and financial derivaties products. Examples of the actual application of these risk management techniques in a number of commonly encountered settings. In-depth coverage of up-to-the-minute strategies,from hedging and arbitrage to value-at-risk and portfolio stresss simulations based on Monte Carlo techniques. Risk Management and Financial Derivaties provides clear,concise explanations of the mathematics behind today's complex financial risk amangement topics. An ideal introduction for those new to the subject. it will also serve as an indispensible reference for those already experienced in the field.
Most Helpful Customer Reviews
See all customer reviews