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Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives by Bingham N.H., Kiesel R.

Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives Bingham N.H., Kiesel R. ebook
Publisher: Springer Verlag
Format: djvu
Page: 455
ISBN: 1852334584,

A wide range of financial derivatives commonly traded in the equity and fixed income markets are analysed, emphasising aspects of pricing, hedging and practical usage. Valuing corporate securities: Some effects of bond indenture provisions. Arbitrage Theory in Continuous Time, T Bjork D. It presents a self-contained treatment of risk-neutral valuation theory, martingale measure, and tools in stochastic calculus required for the understanding of option pricing theory. This second edition features additional emphasis on the discussion of Ito calculus and Girsanovs Theorem, and the risk-neutral measure and equivalent martingale pricing approach. Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives, R Kiesel, N H Bingham F. As noted in the Global Financial Stability Report published by the International Monetary Fund (2004), the strong risk-adjusted returns in emerging securities, especially in sovereign bonds, have led many institutional investors to make strategic portfolio allocations Implied default probabilities are crucial for credit portfolio risk management or for pricing credit derivatives such as credit default swaps (CDSs).1 . The NGO critiques have been It stressed that agricultural derivatives markets play a crucial role for both farmers and processors who need to hedge their risks. Theory of Financial Decision Making, J E Ingersoll E. A new chapter on credit risk models and pricing of credit derivatives has been added. Investment banks have been a primary target of this campaign, given their important role in facilitating large-scale financial investments in agricultural commodity derivatives, which NGOs say is responsible for food price spikes and rising hunger in the world's poorest countries.