Financial Derivatives (Kolb series): Pricing and Risk Management: 5 (Robert W. Kolb Series) - Tapa dura

Acerca del autor

Robert W. Kolb (Chicago, IL) is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University Chicago. Before this, he was the Assistant Dean, Business and Society, and Director, Center for Business and Society, at the University of Colorado at Boulder, and department chairman at the University of Miami. Kolb is also the author of over twenty books on finance, derivatives, and futures, and has authored numerous articles in leading finance journals.

James A. Overdhal (Washington, DC) a specialist in financial derivatives, is the Chief Economist of the United States Securities and Exchange Commission. He had previously served as chief economist of the Commodity Futures Trading Commission and has nearly two decades of experience in senior positions at various federal financial regulatory agencies.  He has taught economics and finance at the University of Texas at Dallas, Georgetown University, Johns Hopkins University, and George Washington University. Overdahl earned his PhD in economics from Iowa State University.

De la contraportada

At a time when our entire financial system is under great stress, many investors point to the misuse of derivatives as one of the primary causes of the financial meltdown. Long misunderstood by the general public, some financial derivatives are fairly simple?while others are quite complicated and require considerable mathematical and statistical knowledge to fully understand. But with our financial system now undergoing unprecedented changes, there has never been a better time to gain a firm understanding of these instruments.

As part of the Robert W. Kolb Series in Finance, Financial Derivatives skillfully explores the contemporary world of financial derivatives. Starting with a presumption of only a general knowledge of undergraduate finance, this collection of essential perspectives, written by leading figures in academics, industry, and government, provides a comprehensive understanding of financial derivatives. The contributors provide a complete overview of the types of financial derivatives and the markets in which they trade. They analyze the development and current state of derivatives markets?including their regulation?and examine the role of derivatives in risk management. They look at the pricing of derivatives, beginning with the fundamentals and move on to more advanced pricing techniques, showing how Monte Carlo methods can be applied to price derivatives.

The book concludes with an examination of the many ways derivatives can be used. While it is clear that financial derivatives are valuable for managing risks and for providing information about the future prices of underlying goods, they can also be used as very sophisticated speculation tools. The authors explore option strategies used to

speculate and show how the same strategies can be employed to reduce risk. In addition, they reveal how financial derivatives can effectively manage interest rate risk and discuss how hedge funds use financial derivatives.

Uncertainty is a hallmark of today's global financial marketplace. This essential guide to financial derivatives will help you unlock their vast potential for risk management and much, much more.

De la solapa interior

At a time when our entire financial system is under great stress, many investors point to the misuse of derivatives as one of the primary causes of the financial meltdown. Long misunderstood by the general public, some financial derivatives are fairly simple?while others are quite complicated and require considerable mathematical and statistical knowledge to fully understand. But with our financial system now undergoing unprecedented changes, there has never been a better time to gain a firm understanding of these instruments.

As part of the Robert W. Kolb Series in Finance, Financial Derivatives skillfully explores the contemporary world of financial derivatives. Starting with a presumption of only a general knowledge of undergraduate finance, this collection of essential perspectives, written by leading figures in academics, industry, and government, provides a comprehensive understanding of financial derivatives. The contributors provide a complete overview of the types of financial derivatives and the markets in which they trade. They analyze the development and current state of derivatives markets?including their regulation?and examine the role of derivatives in risk management. They look at the pricing of derivatives, beginning with the fundamentals and move on to more advanced pricing techniques, showing how Monte Carlo methods can be applied to price derivatives.

The book concludes with an examination of the many ways derivatives can be used. While it is clear that financial derivatives are valuable for managing risks and for providing information about the future prices of underlying goods, they can also be used as very sophisticated speculation tools. The authors explore option strategies used to

speculate and show how the same strategies can be employed to reduce risk. In addition, they reveal how financial derivatives can effectively manage interest rate risk and discuss how hedge funds use financial derivatives.

Uncertainty is a hallmark of today's global financial marketplace. This essential guide to financial derivatives will help you unlock their vast potential for risk management and much, much more.