As with the first edition, Mathematics for Finance: An Introduction to Financial Engineering combines financial motivation with mathematical style. Assuming only basic knowledge of probability and calculus, it presents three major areas of mathematical finance, namely Option pricing based on the no-arbitrage principle in discrete and continuous time setting, Markowitz portfolio optimisation and Capital Asset Pricing Model, and basic stochastic interest rate models in discrete setting. From the reviews of the first edition: â?This text is an excellent introduction to Mathematical Finance. Armed with a knowledge of basic calculus and probability a student can use this book to learn about derivatives, interest rates and their term structure and portfolio management.â?(Zentralblatt MATH) â?Given these basic tools, it is surprising how high a level of sophistication the authors achieve, covering such topics as arbitrage-free valuation, binomial trees, and risk-neutral valuation.â? (www.riskbook.com) â?The reviewer can only congratulate the authors with successful completion of a difficult task of writing a useful textbook on a traditionally hard topic.â? (K. Borovkov, The Australian Mathematical Society Gazette, Vol. 31 (4), 2004)
CHECK PRICE NOW!
Read Full Review >>
Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics Series)
Credit Risk: Modeling, Valuation and Hedging (Springer Finance)
The motivation for the mathematical modeling studied in this text on developments in credit risk research is the bridging of the gap between mathematical theory of credit risk and the financial practice. Mathematical developments are covered thoroughly and give the structural and reduced-form approaches to credit risk modeling. Included is a detailed study of various arbitrage-free models of default term structures with several rating grades.
CHECK PRICE NOW!
Read Full Review >>
Best review for Credit Risk: Modeling, Valuation and Hedging (Springer Finance)
Energy Trading and Investing: Trading, Risk Management and Structuring Deals in the Energy Market
â??The essential training manual for anyone who expects to profi tably engage the energy market while avoiding the devils lurking in the details.â?
Kurt Yeager, former President and CEO of the Electric Power Research Institute and coauthor of Perfect Power
Shrinking fossil fuel supplies, volatile prices, deregulation, and environmental conservation have transformed the energy market into a major arena for making money. In response, an unprecedented amount of capital and investment manpower has fl ooded into the energy market. Older utilities are finding that their quiet, safe business has changed dramatically in a short period of time.
Now, Energy Trading and Investing provides a big-picture introduction to the industry along with the trading know-how and fi nancial details that every market participant needs for success.
This hands-on guidebook covers all types of energy marketsâ??from the big-three markets of electricity, natural gas, and oil to the growing markets for liquefied natural gas, emissions, and alternative energy. It provides useful information on the interdependence of the different energy markets, who the major players are, and how Wall Street trades energy products.
Energy Trading and Investing features:
- An overview of the entire energy market
- In-depth descriptions of all of the major energy commodities
- Financially oriented discussions of how chemistry, physics, accounting, and option pricing affect trading
- Primers on load forecasting, tolling agreements, natural gas storage, and more
- A practical introduction to risk management
Written by a pioneering quant in the energy market, Energy Trading and Investing provides a highly disciplined and organized approach to profi ting from energy investments. This potent combination of detailed, up-to-date information alongside expert know-how thoroughly prepares you to invest and trade with confi dence in the energy market.
If youâ??re a serious trader, you need to understand the energy markets, and Energy Trading and Investing is the only book you need to trade successfully in this growing sector.