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# Risk Management and Financial Derivatives: A Guide to the Mathematics

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

## Overview

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.

## Editorial Reviews

Booknews
Financial market practitioners cover topics such as the fundamental basis of the application of mathematics to financial markets, in particular the essential risk/reward basis of the value; risk measurement and management including both traditional and nontraditional models of risk; and mathematical techniques underlying featured applications. The book includes numerous market examples, calculations, and diagrams to aid understanding of how the techniques are actually used in trading, risk evaluation, and financial management. Annotation c. by Book News, Inc., Portland, Or.

## Product Details

ISBN-13:
9780070153783
Publisher:
McGraw-Hill Companies, The
Publication date:
03/01/1998
Series:
The Irwin Library of Investment and Finance
Pages:
799
Product dimensions:
6.40(w) x 9.39(h) x 2.43(d)

Average Review: