"This is the first comprehensive hands-on introduction to financial engineering. Neftci is enjoyable to read, and finds a natural balance between theory and practice." - Darrell Duffie, James I. Miller Professor of Finance, The Graduate School of Business, Stanford University "Neftci's book captures much of the excitement of the recent surge of theoretical and practical work on financial engineering. A variety of readers will be interested in this book, including lay people who are interested in better understanding how financial markets can be used to share and mitigate risks and practicioners who are interested in constructing and valuing new securities." - Thomas Sargent, Professor of Economics at NYU, and a Senior Fellow at the Hoover Institution, Stanford University "...an excellent book on which to base an initial course in a financial engineering or mathematics program ... [It] has a breadth and consistency that make it an excellent introduction to what practitioners need to know." - Financial Analysts JournalFrom the Publisher:
Bestselling author Salih Neftci presents a fresh, original, informative, and up-to-date introduction to financial engineering. The book offers clear links between intuition and underlying mathematics and an outstanding mixture of market insights and mathematical materials. Also included are end-of-chapter exercises and case studies. In a market characterized by the existence of large pools of liquid funds willing to go anywhere, anytime in search of a few points of advantage, there are new risks. Lacking experience with these new risks, firms, governmental entities, and other investors have been surprised by unexpected and often disastrous financial losses. Managers and analysts seeking to employ these new instruments and strategies to make pricing, hedging, trading, and portfolio management decisions require a mature understanding of theoretical finance and sophisticated mathematical and computer modeling skills. Important and useful because it analyzes financial assets and derivatives from the financial engineering perspective, this book offers a different approach than the existing finance literature in financial asset and derivative analysis. Seeking not to introduce financial instruments but instead to describe the methods of synthetically creating assets in static and in dynamic environments and to show how to use them, his book complements all currently available textbooks. It emphasizes developing methods that can be used in order to solve risk management, taxation, regulation, and above all, pricing problems. This perspective forms the basis of practical risk management. It will be useful for anyone learning about practical elements of financial engineering. Exercises and case studies at end of each chapter and on-line Solutions Manual are provided. It explains issues involved in day-to-day life of traders, using language other than mathematics. It offers careful and concise analysis of the LIBOR market model and of volatility engineering problems.
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Descripción Paperback. Estado de conservación: New. New Softcover International Edition, Printed in Black and White, Only USPS Media mail Shipping ONLY, Different ISBN, Same Content As US edition, Book Cover may be Different, in English Language. Nº de ref. de la librería 29918
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Descripción Academic Press, 2004. Estado de conservación: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Introduction; A Review of Markets, Players, and Conventions; Cash Flow Engineering with Forward Contracts; Engineering Simple Interest Rate Derivatives; Introduction to Swap Engineering; Repo Market Strategies in Financial Engineering; Dynamic Replication Methods and Synthetics; Mechanics of Options; Engineering Convexity Positions; Options Engineering with Applications; Pricing Tools in Financial Engineering; Applications of Fundamental Theorem of Finance; A Framework for Fixed Income Engineering and LIBOR Market Model; Tools for Volatility Engineering: Volatility Swaps and Volatility Trading; Smile Effects in Financial Engineering; Engineering of Equity Instruments: Pricing and Replication. Nº de ref. de la librería ABE_book_new_0125153945
Descripción Academic Press, 2004. Hardcover. Estado de conservación: New. book. Nº de ref. de la librería 0125153945
Descripción Academic Press, U.S.A., 2004. Hardcover. Estado de conservación: New. New. Book. Nº de ref. de la librería F92325
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Descripción Academic Press, 2004. Hardcover. Estado de conservación: New. 1. Nº de ref. de la librería DADAX0125153945
Descripción Academic Press. Hardcover. Estado de conservación: New. 0125153945 New Condition. Nº de ref. de la librería NEW4.0041734
Descripción Academic Press, 2004. Hardcover. Estado de conservación: New. Nº de ref. de la librería P110125153945
Descripción Elsevier. Estado de conservación: New. pp. 556. Nº de ref. de la librería 7415520