{"product_id":"risk-management-and-analysis-new-markets-and-products-9780471979593","title":"Risk Management and Analysis New Markets and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eRisk management is a high profile area of finance. This revised edition represents the thinking of the specialists in the area, concentrating on the markets and products. There are four new chapters.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"In what started as a second edition of the well received Handbook of Risk Management and Analysis, Carol Alexander has taken up the challenge of the increasing complexity of today's markets by selecting additional material to cover new aspects of risk modelling and new products, hence the present two volume edition. As before, the authors are well known not only for their expository skills. Sound theories and tried and tested methods are explained; new markets and products are clearly described. This is essential reading for the growing community of quantitatively-minded risk managers.\", Dr Jacques Pezier, September 1998, , #\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of Contributors\u003cbr\u003e \u003cbr\u003e About the Contributors\u003cbr\u003e \u003cbr\u003e Preface\u003cbr\u003e \u003cbr\u003e Foreword\u003cbr\u003e \u003cbr\u003e Emerging Markets I, Michael J.Howell\u003cbr\u003e \u003cbr\u003e Introduction\u003cbr\u003e \u003cbr\u003e Growing Countries not Poor Countries\u003cbr\u003e \u003cbr\u003e Cross-Border Capital Flows\u003cbr\u003e \u003cbr\u003e Markets in Emerging Financial Economies\u003cbr\u003e \u003cbr\u003e The Future Size of Emerging Stock Markets\u003cbr\u003e \u003cbr\u003e The Growing Need for Financial Development\u003cbr\u003e \u003cbr\u003e Conclusion\u003cbr\u003e \u003cbr\u003e Appendix 1: Selected Data on Emerging Markets\u003cbr\u003e \u003cbr\u003e Appendix 2: Valuation Methods\u003cbr\u003e \u003cbr\u003e Endnotes\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Emerging Markets II, Mark Fox and Ian King\u003cbr\u003e \u003cbr\u003e Introduction\u003cbr\u003e \u003cbr\u003e The Beginning of Emerging Markets\u003cbr\u003e \u003cbr\u003e Defining Emerging Markets\u003cbr\u003e \u003cbr\u003e The size of Emerging Markets\u003cbr\u003e \u003cbr\u003e Do Emerging Markets Constitute a Separate Asset Class?\u003cbr\u003e \u003cbr\u003e Non-Performing Loans\u003cbr\u003e \u003cbr\u003e History\u003cbr\u003e \u003cbr\u003e The Present Market\u003cbr\u003e \u003cbr\u003e Brady Bonds\u003cbr\u003e \u003cbr\u003e History\u003cbr\u003e \u003cbr\u003e Structures of Brady Plans\u003cbr\u003e \u003cbr\u003e The Brady Market\u003cbr\u003e \u003cbr\u003e Analysing Brady Bonds\u003cbr\u003e \u003cbr\u003e Evaluating Default Risk\u003cbr\u003e \u003cbr\u003e Income Guarantees\u003cbr\u003e \u003cbr\u003e Trading Strategies Exclusive to Brady Bonds\u003cbr\u003e \u003cbr\u003e Eurobonds\u003cbr\u003e \u003cbr\u003e History\u003cbr\u003e \u003cbr\u003e A Changing Role\u003cbr\u003e \u003cbr\u003e The Role of Credit Curves\u003cbr\u003e \u003cbr\u003e Using Credit Curves\u003cbr\u003e \u003cbr\u003e Analysing Credit Curves\u003cbr\u003e \u003cbr\u003e Trading Credit Curve Shapes\u003cbr\u003e \u003cbr\u003e Local Markets and Emerging Market Currencies\u003cbr\u003e \u003cbr\u003e The Role of Local Markets in the Investing Cycle\u003cbr\u003e \u003cbr\u003e The Character of Local Emerging Debt Markets\u003cbr\u003e \u003cbr\u003e Russia -\u003cbr\u003e A Case Study\u003cbr\u003e \u003cbr\u003e Strategic Uses for Investing in Local Markets\u003cbr\u003e \u003cbr\u003e Trading and Managing Local Currency Exposure\u003cbr\u003e \u003cbr\u003e Trading and Managing Local Interest Rate Exposure\u003cbr\u003e \u003cbr\u003e Equities\u003cbr\u003e \u003cbr\u003e History\u003cbr\u003e \u003cbr\u003e Analysing Emerging Equity Stocks\u003cbr\u003e \u003cbr\u003e Trading and Managing Emerging Equity\u003cbr\u003e \u003cbr\u003e Market Exposure\u003cbr\u003e \u003cbr\u003e Strategic Uses for Investing in Emerging Equity Markets\u003cbr\u003e \u003cbr\u003e Benchmarks\u003cbr\u003e \u003cbr\u003e Derivatives\u003cbr\u003e \u003cbr\u003e Options\u003cbr\u003e \u003cbr\u003e Repurchase Agreements\u003cbr\u003e \u003cbr\u003e Structured Notes\u003cbr\u003e \u003cbr\u003e Credit Derivatives\u003cbr\u003e \u003cbr\u003e Relative Value Trades\u003cbr\u003e \u003cbr\u003e Equities\u003cbr\u003e \u003cbr\u003e Special Considerations in Evaluating Relative Value\u003cbr\u003e \u003cbr\u003e A Matrix Approach to Regional and Asset Allocation\u003cbr\u003e \u003cbr\u003e Past Experience\u003cbr\u003e \u003cbr\u003e Endnotes\u003cbr\u003e \u003cbr\u003e The Origins of Risk-Neutral Pricing and the Black-Scholes Formula, L.C.G. Rogers\u003cbr\u003e \u003cbr\u003e Introduction\u003cbr\u003e \u003cbr\u003e Portfolio Choices\u003cbr\u003e \u003cbr\u003e Some Notions and Notations from Probability\u003cbr\u003e \u003cbr\u003e Optimal Investment\u003cbr\u003e \u003cbr\u003e The Binomial Market and the Black-Scholes Formula\u003cbr\u003e \u003cbr\u003e Appendix: Two Other Approaches\u003cbr\u003e \u003cbr\u003e Endnotes\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Equity Derivatives Andrew Street\u003cbr\u003e \u003cbr\u003e Introduction\u003cbr\u003e \u003cbr\u003e Aims and Scope of this Chapter\u003cbr\u003e \u003cbr\u003e Classification of Equity Derivatives\u003cbr\u003e \u003cbr\u003e General Features of Pricing Equity Derivatives\u003cbr\u003e \u003cbr\u003e Historical Development\u003cbr\u003e \u003cbr\u003e Listed Equity Derivatives\u003cbr\u003e \u003cbr\u003e Unlisted or \"Over-the-Counter\" Equity Derivatives\u003cbr\u003e \u003cbr\u003e The Utility of Equity Derivatives\u003cbr\u003e \u003cbr\u003e The Evaluation of Risk and Return\u003cbr\u003e \u003cbr\u003e Tax Efficiency\u003cbr\u003e \u003cbr\u003e Regulatory Efficiency\u003cbr\u003e \u003cbr\u003e Leverage\u003cbr\u003e \u003cbr\u003e Implementation of Specific Investment Views\u003cbr\u003e \u003cbr\u003e Efficiency and Cost Effectiveness\u003cbr\u003e \u003cbr\u003e The Utility of Equity Derivatives for Borrowers\u003cbr\u003e \u003cbr\u003e The Role of the Investment Bank in the Creation of Equity Derivatives\u003cbr\u003e \u003cbr\u003e Capital\u003cbr\u003e \u003cbr\u003e Credit\u003cbr\u003e \u003cbr\u003e Risk Aggregation\u003cbr\u003e \u003cbr\u003e Technology\u003cbr\u003e \u003cbr\u003e Index Products\u003cbr\u003e \u003cbr\u003e Exchange Traded Equity Derivatives\u003cbr\u003e \u003cbr\u003e Over-the-Counter Traded Equity Derivatives\u003cbr\u003e \u003cbr\u003e Hybrid Equity Derivatives\u003cbr\u003e \u003cbr\u003e Single Stocks, Bespoke Index Products\u003cbr\u003e \u003cbr\u003e Future Development for Equity Derivatives\u003cbr\u003e \u003cbr\u003e Glossary of Terms\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Interest Rate Option Models: A Critical Survey, Riccardo Rebonato\u003cbr\u003e \u003cbr\u003e Introduction and Outline of the Chapter\u003cbr\u003e \u003cbr\u003e Yield Curve Models: A Statistical Motivation\u003cbr\u003e \u003cbr\u003e Statistical Analysis of the Evolution of Rates\u003cbr\u003e \u003cbr\u003e A Framework for Option Pricing\u003cbr\u003e \u003cbr\u003e The No-Arbitrage Conditions\u003cbr\u003e \u003cbr\u003e Definition of No-arbitrage in a Complete Market\u003cbr\u003e \u003cbr\u003e The Condition of No-arbitrage: Vasicek's Approach\u003cbr\u003e \u003cbr\u003e The condition of No-arbitrage: The Martingale Approach\u003cbr\u003e \u003cbr\u003e First Choice of Numeraire: The Money Market Account\u003cbr\u003e \u003cbr\u003e Second Choice of Numeraire: A Discount Bond\u003cbr\u003e \u003cbr\u003e The General Link Between Different Measures\u003cbr\u003e \u003cbr\u003e The Implementation Tools\u003cbr\u003e \u003cbr\u003e Lattice Approaches: Justification and Implementation\u003cbr\u003e \u003cbr\u003e Monte Carlo (MC) Approaches\u003cbr\u003e \u003cbr\u003e PDE Approaches: Finite Differences Schemes and Analytic Solutions\u003cbr\u003e \u003cbr\u003e Analysis of Specific Models\u003cbr\u003e \u003cbr\u003e BDT: Models Implications and Empirical Findings\u003cbr\u003e \u003cbr\u003e Extended Vasicek (HW): Model Implications and Empirical Findings\u003cbr\u003e \u003cbr\u003e Longstaff and Schwartz: Model Implications and Empirical Findings\u003cbr\u003e \u003cbr\u003e The HJM Approach\u003cbr\u003e \u003cbr\u003e Conclusions or \"How to Choose the Best Model\"\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Exotic Options I, Edmond Levy\u003cbr\u003e \u003cbr\u003e Introduction\u003cbr\u003e \u003cbr\u003e Asian Options\u003cbr\u003e \u003cbr\u003e Definition and Uses\u003cbr\u003e \u003cbr\u003e Valuation Approaches\u003cbr\u003e \u003cbr\u003e Risk Management of Asian Options\u003cbr\u003e \u003cbr\u003e Binary and Contingent Premium Options\u003cbr\u003e \u003cbr\u003e Examples and Uses\u003cbr\u003e \u003cbr\u003e Valuation and Hedging\u003cbr\u003e \u003cbr\u003e Currency Protected Options\u003cbr\u003e \u003cbr\u003e Cross-Market Contracts\u003cbr\u003e \u003cbr\u003e Valuation of Cross-Market Contracts\u003cbr\u003e \u003cbr\u003e Currency Basket Options\u003cbr\u003e \u003cbr\u003e Appendix 1\u003cbr\u003e \u003cbr\u003e Appendix 2\u003cbr\u003e \u003cbr\u003e Appendix 3\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Exotic Options II, Bryan Thomas\u003cbr\u003e \u003cbr\u003e Barrier Options\u003cbr\u003e \u003cbr\u003e Definitions and Examples of single barrier options\u003cbr\u003e \u003cbr\u003e An Analytical Model of Single Barrier options\u003cbr\u003e \u003cbr\u003e Alternative Modelling Methods\u003cbr\u003e \u003cbr\u003e Risk Management of Single Barrier options\u003cbr\u003e \u003cbr\u003e Barrier Options Combinations\u003cbr\u003e \u003cbr\u003e Rebates\u003cbr\u003e \u003cbr\u003e Discontinuous Barriers\u003cbr\u003e \u003cbr\u003e Double Barrier Options\u003cbr\u003e \u003cbr\u003e Second Market Barriers\u003cbr\u003e \u003cbr\u003e Compound Options\u003cbr\u003e \u003cbr\u003e Definitions and Example\u003cbr\u003e \u003cbr\u003e Geske's Model\u003cbr\u003e \u003cbr\u003e Risk Management\u003cbr\u003e \u003cbr\u003e Extensions\u003cbr\u003e \u003cbr\u003e Even More Exotic Options\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Captions and Swaptions Vincent Lacoste\u003cbr\u003e \u003cbr\u003e Change of Numeraire: A General Valuation Method for Swaptions\u003cbr\u003e \u003cbr\u003e Introductory Comments\u003cbr\u003e \u003cbr\u003e Technical Properties\u003cbr\u003e \u003cbr\u003e Application to Swaptions\u003cbr\u003e \u003cbr\u003e Hedging a Swaption\u003cbr\u003e \u003cbr\u003e Hedging Swptions Against Yield Curve Scenarios\u003cbr\u003e \u003cbr\u003e The Hedging Space\u003cbr\u003e \u003cbr\u003e Estimated Methods\u003cbr\u003e \u003cbr\u003e Empirical Results\u003cbr\u003e \u003cbr\u003e Concluding remarks on Historical Data\u003cbr\u003e \u003cbr\u003e Marking to Market the Term structure of Volatility\u003cbr\u003e \u003cbr\u003e Captions\u003cbr\u003e \u003cbr\u003e Non-Parametric estimation of the Volatility Structure\u003cbr\u003e \u003cbr\u003e Concluding remarks\u003cbr\u003e \u003cbr\u003e Is There a \"Market Model of Interest Rates\"?\u003cbr\u003e \u003cbr\u003e Appendix\u003cbr\u003e \u003cbr\u003e Endnotes\u003cbr\u003e \u003cbr\u003e References\u003cbr\u003e \u003cbr\u003e Trading Volatility, M. Desmond Fitzgerald\u003cbr\u003e \u003cbr\u003e Introduction\u003cbr\u003e \u003cbr\u003e Basics of Volatility Trading\u003cbr\u003e \u003cbr\u003e Analysing Volatility Patterns for Trading\u003cbr\u003e \u003cbr\u003e Relative Volatility Trading\u003cbr\u003e \u003cbr\u003e Summary\u003cbr\u003e \u003cbr\u003e Credit Derivatives, Blythe Masters\u003cbr\u003e \u003cbr\u003e Background and Overview: The Case for Credit Derivatives\u003cbr\u003e \u003cbr\u003e What are Credit Derivatives?\u003cbr\u003e \u003cbr\u003e What is the Significance of Credit Derivatives?\u003cbr\u003e \u003cbr\u003e Basic Credit Derivative Structures and Applications\u003cbr\u003e \u003cbr\u003e Credit (Default) Swaps\u003cbr\u003e \u003cbr\u003e Total (Rate of) Swaps\u003cbr\u003e \u003cbr\u003e Credit Options\u003cbr\u003e \u003cbr\u003e Downgrade Options\u003cbr\u003e \u003cbr\u003e Dynamic Credit Swaps\u003cbr\u003e \u003cbr\u003e Other Credit Derivatives\u003cbr\u003e \u003cbr\u003e A Portfolio Approach to Credit Risk Management\u003cbr\u003e \u003cbr\u003e Why Credit Has Become a Risk-Management Challenge\u003cbr\u003e \u003cbr\u003e The Need for a Portfolio Approach to Credit Risk\u003cbr\u003e \u003cbr\u003e The Challenges of Estimating Portfolio Credit Risk\u003cbr\u003e \u003cbr\u003e Assessing Credit Risk on a Portfolio Basis: Methodology\u003cbr\u003e \u003cbr\u003e Practical Applications of Portfolio Methodology Using Credit Derivatives\u003cbr\u003e \u003cbr\u003e Regulatory Treatment of Credit Derivatives\u003cbr\u003e \u003cbr\u003e Balance Sheet Management: Synthetic Securitization\u003cbr\u003e \u003cbr\u003e Investment Considerations\u003cbr\u003e \u003cbr\u003e Filling Gaps in the Credit Spectrum\u003cbr\u003e \u003cbr\u003e Transcending Asset Class Barriers\u003cbr\u003e \u003cbr\u003e Recovery Rate\u003cbr\u003e \u003cbr\u003e Term\u003cbr\u003e \u003cbr\u003e Common Pricing Considerations\u003cbr\u003e \u003cbr\u003e Predictive or Theoretical Pricing Models of Credit Swaps\u003cbr\u003e \u003cbr\u003e Mark to Market and Valuation Methodologies for Credit Swaps\u003cbr\u003e \u003cbr\u003e Risk Equivalence of Total Return Swaps and Credit Swaps for Valuation Purposes\u003cbr\u003e \u003cbr\u003e Relative Value Analysis of Credit Swaps\u003cbr\u003e \u003cbr\u003e Counterparty Considerations\u003cbr\u003e \u003cbr\u003e Conclusion\u003cbr\u003e \u003cbr\u003e Credit Derivatives and Portfolio Management\u003cbr\u003e \u003cbr\u003e Other Implications\u003cbr\u003e \u003cbr\u003e Glossary Endnotes\/References\u003cbr\u003e \u003cbr\u003e Index","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":51359035556183,"sku":"9780471979593","price":89.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780471979593.jpg?v=1754123311","url":"https:\/\/bookcurl.com\/products\/risk-management-and-analysis-new-markets-and-products-9780471979593","provider":"Book Curl","version":"1.0","type":"link"}