Capital Market Finance
An Introduction to Primitive Assets, Derivatives, Portfolio Management and Risk
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Beschreibung
This book offers a comprehensive and coherent presentation of almost all aspects of Capital Market Finance, providing hands-on knowledge of advanced tools from mathematical finance in a practical setting.
Filling the gap between traditional finance textbooks, which tend to avoid advanced mathematical techniques used by professionals, and books in mathematical finance, which are often more focused on mathematical refinements than on practical uses, this book employs advanced mathematical techniques to cover a broad range of key topics in capital markets. In particular, it covers all primitive assets (equities, interest and exchange rates, indices, bank loans), most vanilla and exotic derivatives (swaps, futures, options, hybrids and credit derivatives), portfolio theory and management, and risk assessment and hedging of individual positions as well as portfolios. Throughout, the authors emphasize the methodological aspects and probabilistic foundations of financial asset valuation, risk assessment and measurement. Background in financial mathematics, particularly stochastic calculus, is provided as needed, and over 200 fully worked numerical examples illustrate the theory.
Based on the authors' renown master's degree courses, this book is written for students in business and finance, as well as practitioners in quantitative finance. Apart from an undergraduate-level knowledge of calculus, linear algebra and probability, the book is self-contained with no prior knowledge of market finance required.
This book offers a comprehensive and coherent presentation of almost all aspects of Capital Market Finance, providing hands-on knowledge of advanced tools from mathematical finance in a practical setting.
Filling the gap between traditional finance textbooks, which tend to avoid advanced mathematical techniques used by professionals, and books in mathematical finance, which are often more focused on mathematical refinements than on practical uses, this book employs advanced mathematical techniques to cover a broad range of key topics in capital markets. In particular, it covers all primitive assets (equities, interest and exchange rates, indices, bank loans), most vanilla and exotic derivatives (swaps, futures, options, hybrids and credit derivatives), portfolio theory and management, and risk assessment and hedging of individual positions as well as portfolios. Throughout, the authors emphasize the methodological aspects and probabilistic foundations of financial asset valuation, risk assessment and measurement. Background in financial mathematics, particularly stochastic calculus, is provided as needed, and over 200 fully worked numerical examples illustrate the theory.
Based on the authors' renowned master's degree courses, this book is written for students in business and finance, as well as practitioners in quantitative finance. Apart from an undergraduate-level knowledge of calculus, linear algebra and probability, the book is self-contained with no prior knowledge of market finance required.
Provides a complete introduction to financial instruments, derivative products, and portfolio management Offers an in-depth analysis of interest and credit risks and their measures The self-contained presentation covers both theoretical and practical aspects
Autor*in
Patrice Poncet
Themen in »Capital Market Finance«
Credit default swaps portfolio optimization financial primitive assets Money market instruments Stocks and bonds Futures Forwards Swaps Vanilla options Exotic options Interest rate modeling Interest rate swaps Stochastic calculus Asset valuation Portfolio theory
Stimmen zu »Capital Market Finance«
“This book is intended for people interested in finance, both theoreticians and practitioners. It presents a broad perspective of almost the entire financial market, so it is of interest to a wide audience. … The book is written concisely and clearly … . The book is well-written, a pleasure to read, and everyone will find something interesting for themselves regardless of their level of mathematical knowledge.” (Jacek Jakubowski, zbMATH 1536.91001, 2024)
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