Financial Derivates in Theory & Practice by P.J.Hunt

Financial Derivates in Theory & Practice by P.J.Hunt

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Get Financial Derivates in Theory & Practice by P.J.Hunt at Salaedu.com

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Synopsis: This book brings together in one volume both a complete, rigorous and yet readable account of the mathematics underlying derivative pricing and a guide to applying these ideas to solve real pricing problems. It is aimed at practitioners and researchers who wish to understand the latest finance literature and develop their own pricing models. The authors? combination of strong theoretical knowledge and extensive market experience make this book particularly relevant for those interested in real world applications of mathematical finance.

Features:

• detailed coverage of interest rate derivatives, from ?vanilla? instruments through to many of the more exotic products currently being traded
• overview of popular term structure models along with their relationships to each other (including Heath?Jarrow?Morton, short rate models and the latest market models)
• explanation of numeraires as a modelling and pricing tool
• pricing models for constant maturity swaps and other convexity products
• models and efficient algorithms for path?dependent and Bermudan swaptions
• insights into how to go about pricing products beyond those treated in the text
• accessible yet rigorous treatment of the stochastic calculus required for option pricing

Review: “This one adopts the mathematics text style of approach…But, it is not a dry book…The book is deep and detailed…” ( Short Book Reviews, Vol. 20, No. 3, December 2000)

“…It sets a new high standard for future texts on mathematical finance…” (The Statistician, Vol.51, No.2, 2002)

Get Financial Derivates in Theory & Practice by P.J.Hunt at Salaedu.com