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 ...

Risk analysis in theory and practice

Applied Risk Analysis explores the role of risk in resource allocation. It covers conceptual and empirical analyses of economic behavior under risk and the implications of risk for management and policy decisions. Special attention is given to the role of imperfect information in the decision-making ...

El pequeño gran libro del riesgo

claves para comprender la inversión en bolsa

Éste es un libro sencillo y divulgativo sobre uno de los campos más apasionantes del mundo actual: el management del riesgo. Dan Borge explica con gran detalle cómo funciona el delicado proceso de tomar decisiones en un mundo incierto en el que los profesionales deben ...

Invertir en Hedge Funds

análisis de su estructura,estrategias y eficiencia

Con una capitalización que excede los 600.000 millones de dólares y más de 4.000 entidades, la industria de los Hedge Funds no puede ser ignorada por más tiempo. Su papel en el sistema financiero internacional es cada vez más palpable y notorio, hasta ...

The handbook of business valuation and intellectual property analysis

The art and science of business valuation is currently undergoing a huge transformation and is facing new and important challenges. The Handbook of Business Valuation and Intellectual Property Analysis provides valuation and investment professionals with the latest thinking on economic damages, lost profit analysis, and ...

Hidden Markov models

applications to financial economics

Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. Although the hidden Markov processes have been widely employed for some time in many engineering applications e.g. speech recognition, its effectiveness has now been recognized in areas ...

Neoclassical finance

Neoclassical Finance provides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field. Stephen Ross developed the no arbitrage principle, tying asset pricing to the simple proposition that there are no ...

Security analysis and investment strategy

This innovative text presents the theoretical foundations of security analysis and investment strategy, and explores the practical applications of these theories. After establishing an historical foundation, the book examines fixed income securities, equity analysis and investment strategy. Assesses a range of approaches to investment analysis ...

Liquidity risk

managing asset and funding risk

Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care. While these areas have rightly received considerable scrutiny, another critical dimension of financial ...

C++ desing patterns and derivatives pricing

Design patterns are the cutting-edge paradigm for programming in object-oriented languages. Here they are discussed, for the first time in a book, in the context of implementing financial models in C++. Assuming only a basic knowledge of C++ and mathematical finance, the reader is taught ...

Principios de inversiones

En la última década se han sucedido rápidos, profundos y progresivos cambios en el sector de las inversiones, debido en parte por la abundancia y los diseños de las acciones y en parte por la creación de las nuevas estrategias de negociación, que hubiesen sido ...

Real options and investment under uncertainty

classical readings and recent contributions

The study of investment under uncertainty was stagnant for several decades, until recent developments in real options provided the tools to revitalize the field. The techniques and insights derived from option pricing can now be used to quantify the elusive elements of managerial operating flexibility ...

The psychology of the foreign exchange market

This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that ...

The venture capital cycle

In The Venture Capital Cycle, Paul Gompers and Josh Lerner correct widespread misperceptions about the nature and role of the venture capitalist and provide an accessible and comprehensive overview of the venture capital industry. Bringing together fifteen years of ground- breaking research into the form ...

Stochastic implied volatility

a factor-based model

This book presents a factor-based model of the stochastic evolution of the implied volatility surface. The model allows for the integrated and consistent pricing and hedging, risk management, and trading of equity index derivatives as well as volatility derivatives. In the first part, the book ...

Hedges on hedges funds

how to successfully analyze and select an investment

ÍNDICE: CHAPTER 1: The Hedge Fund Alternative. CHAPTER 2: Cutting through the Black Box: Transparency and Disclosure. CHAPTER 3: The Operational Risk Crisis. CHAPTER 4: Best Practices in Hedge Fund Valuation. CHAPTER 5: Does Size Matter? CHAPTER 6: Directional Investing through Global Macros and Managed ...

Frenzy

bubbles, busts and how to come out ahead

Despite all the hype, the technology bubble of the 1990s was not driven by the Internet. It was driven by innate human forces that transcend the Internet, the 1990s, the twentieth century, and the United States. Extraordinary, incalculable opportunity frequently creates bubbles. In this situation ...

Investing in corporate bonds and credit risk

Investing in Corporate Bonds and Credit Risk is a valuable tool for any corporate bond investor. All the most recent developments and strategies in investment in corporate bonds are analyzed included with qualitative and quantitative approaches. A complete and up-to-date investment process is developed through ...

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 ...