FINANCIAL DERIVATIVES

FINANCIAL DERIVATIVES

Auteur: George Michael Constantinides
Éditeur: World Scientific Publishing Company
Année de publication: 2014
ISBN: 9789814618410

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Derivatives markets are an important and growing segment of financial markets and play an important role in the management of risk.This invaluable set of lecture notes is meant to be used in conjunction with a standard textbook on derivatives in an advanced undergraduate or MBA elective course on futures, forwards, swaps, options, corporate securities, and credit default swaps. It covers the foundations of derivatives pricing in arbitrage-free markets, develops the methodology of risk-neutral valuation, and discusses hedging and the management of risk.

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