This book teaches the basics of fixed-income securities in a way that, unlike competitive texts, requires a minimum of prerequisites. While other books focus heavily on institutional details of the bond market, all of which could easily be learned "on the job," Jarrow is more concerned with presenting a coherent theoretical framework for understanding all basic models. His unified approach--the Heath Jarrow Morton model--under which all other models are presented as special cases, enhances understanding while avoiding repetition. The author's pricing model is widely used in today's securities...

The Applied and Numerical Harmonic Analysis (ANHA) book series aims to provide the engineering, mathematical, and scienti?c communities with s- ni?cant developments in harmonic analysis, ranging from abstract harmonic analysis to basic applications. The title of the series re?ects the importance of applications and numerical implementation, but richness and relevance of applications and implementation depend fundamentally on the structure and depth of theoretical underpinnings. Thus, from our point of view, the int- leaving of theory and applications and their creative symbiotic evolution is...