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| PRINCIPLES OF FINANCIAL ENGINEERING
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 To order this title, and for more information, click here
By
Salih Neftci, Global Finance Master?s Program,
New School for Social Research, New York, NY, USA
Included in series
AP Advanced Finance,
Description
Bestselling author Salih Neftci presents a fresh, original, informative, and up-to-date introduction to financial engineering. The book
offers clear links between intuition and underlying mathematics and an outstanding mixture of market insights and mathematical materials.
Also included are end-of-chapter exercises and case studies.
In a market characterized by the existence of large pools of liquid funds
willing to go anywhere, anytime in search of a few points of advantage, there are new risks. Lacking experience with these new risks,
firms, governmental entities, and other investors have been surprised by unexpected and often disastrous financial losses. Managers and
analysts seeking to employ these new instruments and strategies to make pricing, hedging, trading, and portfolio management decisions
require a mature understanding of theoretical finance and sophisticated mathematical and computer modeling skills.
Important and useful
because it analyzes financial assets and derivatives from the financial engineering perspective, this book offers a different approach
than the existing finance literature in financial asset and derivative analysis. Seeking not to introduce financial instruments but instead
to describe the methods of synthetically creating assets in static and in dynamic environments and to show how to use them, his book
complements all currently available textbooks. It emphasizes developing methods that can be used in order to solve risk management, taxation,
regulation, and above all, pricing problems.
This perspective forms the basis of practical risk management. It will be useful for anyone
learning about practical elements of financial engineering.
Audience
Professionals and academics in all areas of quantitative finance
Contents
Introduction; A Review of Markets, Players, and Conventions; Cash Flow Engineering with Forward Contracts; Engineering Simple Interest
Rate Derivatives; Introduction to Swap Engineering; Repo Market Strategies in Financial Engineering; Dynamic Replication Methods and
Synthetics; Mechanics of Options; Engineering Convexity Positions; Options Engineering with Applications; Pricing Tools in Financial
Engineering; Applications of Fundamental Theorem of Finance; A Framework for Fixed Income Engineering and LIBOR Market Model; Tools for
Volatility Engineering: Volatility Swaps and Volatility Trading; Smile Effects in Financial Engineering; Engineering of Equity Instruments:
Pricing and Replication
| Bibliographic details |
Hardbound, 556 pages, publication date: APR-2004
ISBN-13: 978-0-12-515394-2
ISBN-10: 0-12-515394-5
Imprint: ACADEMIC PRESS
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| Price and Ordering |
Price:
EUR 90.95
USD 111
GBP 62.99
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Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.
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Last update: 26 Sep 2008
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