Ust Price Theory
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Financial Derivatives Pricing: Selected Works Of Robert Jarrow
This book is a collection of original papers by Robert Jarrow that contributed to significant advances in financial economics. Divided into three parts, Part I concerns option pricing theory and its foundations. The papers here deal with the famous Black-Scholes-Merton model, characterizations of the American put option, and the first applications of arbitrage pricing theory to market manipulation and liquidity risk.Part II relates to pricing derivatives under stochastic interest rates. Included is the paper introducing the famous Heath-Jarrow-Morton (HJM) model, together with papers on topics like the characterization of the difference between forward and futures prices, the forward price martingale measure, and applications of the HJM model to foreign currencies and commodities.Part III deals with the pricing of financial derivatives considering both stochastic interest rates and the likelihood of default. Papers cover the reduced form credit risk model, in particular the original Jarrow and Turnbull model, the Markov model for credit rating transitions, counterparty risk, and diversifiable default risk.
Derivatives Theory and Practice
Author: Sunil Kumar Parameswaran
language: en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date: 2024-11-04
Though financial derivatives have been taught in courses in leading business schools for over 50 years, they are now universal, with exchanges having been set up around the globe. Excellent textbooks on derivatives are available. But many students in emerging markets desire a cogent and logical exposition that makes them aware of the specific challenges faced by their countries while developing exchanges. Derivatives Theory and Practice caters to this segment of readers whose requirements have not been adequately addressed in previous literature in the area. Unlike other heavily mathematical and quantitative works that prevent readers from understanding the underlying qualitative and conceptual facts, this book is a user-friendly resource to comprehend derivatives, especially those in the developing world, while also offering analysts and traders in first world markets adequate exposure to products and trading practices in emerging markets. Providing a balanced perspective focusing on both options as well as futures, this book will benefit both financial market professionals as well as students.
The New Economic Systems of Eastern Europe
Monograph comprising a comparison of the economic systems of Eastern European countries - covers the reform of economic administration, economic planning, the foreign trade system, the situation of public enterprises, pricing, CMEA relations, farming, etc. References and statistical tables.