ENGLISH

Mathematical Models of Financial Derivatives

By Yue-Kuen Kwok

Book information

Publisher
Springer
Year
2008
ISBN
3540422889, 9783540422884
Open Library ID
OL9057363M
Language
english
Format
PDF
Filesize
4 MB (4406027 bytes)
Series
Springer Finance
Edition
2nd
Pages
541\541
Library
Kolxo3
Scanned
yes
Time added
2010-07-29 05:14:56

Description

Financial Mathematics is one of the fastest growing research fields in applied mathematics. Leading edge banking and financial firms around the globe are hiring science experts who can use advanced analytical and numerical techniques to price financial derivatives and manage portfolio risks, a phenomena coined as ÒRocket Sciences on Wall StreetÓ. As such, new degree programs in mathematical and computational finance have also sprouted both in North America and the Far East. To-date, there is a lack of texts stressing on the mathematical aspects of derivative pricing which can meet the demands from students enrolled in these new degree programs. Mathematical Models of Financial Derivatives fills a gap for textbooks to serve this increasing demand. It models derivative products based mainly on the differential equation approach, together with numerical solution techniques when appropriate. Research results and concepts are made accessible to the student through extensive, well thought out exercises at the end of each chapter.

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