Problems and Solutions in Mathematical Finance : Commodity and Foreign Exchange Derivatives

ISBN-13: 9781119965800 / Angielski / Twarda / 2018 / 416 str.

Eric Chin; Sverrir Olafsson; Dian Nel

Opis

A practical problem solving reference for commodity and Forex derivatives Problems and Solutions in Mathematical Finance provides an innovative reference for quantitative finance students and practitioners. Using a unique problem-solving approach, this invaluable guide bridges the gap between the theoretical and practical to impart a deeper understanding of the mathematical problems encountered in the finance industry. Volume IV: Commodity and Foreign Exchange Derivatives breaks down the complexity of the topic by walking you step-by-step through a variety of modelling problems. Building skill upon skill, you'll work through a series of problems of increasing difficulty as you learn both the strategy and mechanics behind each solution. Coverage includes both theoretical and real-world problems, using stochastic calculus, probability theory and statistics, as well as an assumed understanding of exotic option and interest rate models covered in volumes II and III. Financial institutions rely on quantitative analysis to inform decision making on trading, hedging, investing, risk management and pricing. This book provides both instruction and reference from a highly practical perspective, giving you a highly applicable real-world skillset.

• Fully grasp the fundamentals of commodity and foreign exchange derivatives
• Follow mathematical modelling processes step-by-step
• Link theory to real-world problems through guided problem-solving
• Test your knowledge and skills with increasingly complex problem sets

Commodity and Foreign Exchange Derivatives are a complex, nuanced area in the quantitative finance realm. Simply reading about these instruments fails to convey the level of understanding required to work with them; in the real-world, quants draw upon an in-depth knowledge of both finance and mathematics every day. Problems and Solutions in Mathematical Finance provides practical reference and problem-solving skills for anyone learning or working in quantitative finance.

Building upon the ideas in the previous volumes, this final volume covers commodity and foreign exchange options emphasising both the theoretical as well as practical problems in the real world.