Principles Of Financial Engineering

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Neftci, Salih

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ISBN:9780125153942
Editorial: Academic Press Inc.
Fecha de la edición:2004
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Dimensiones: 0 cm x 0 cm
Nº Pág.:556
Idiomas:Ingles,Inglés

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/ Sistema Financiero
/ Bolsa

An introduction to financial engineering, this title offers clear links between intuition and underlying mathematics and a mixture of market insights and mathematical materials. Also included are end-of-chapter exercises and case studies. In a market characterized by the existence of large pools of liquid funds willing to go anywhere, anytime in search of a few points of advantage, there are new risks. Lacking experience with these new risks, firms, governmental entities and other investors have been surprised by unexpected and often disastrous financial losses. Managers and analysts seeking to employ these new instruments and strategies to make pricing, hedging, trading, and portfolio management decisions require a mature understanding of theoretical finance and sophisticated mathematical and computer modeling skills. The text analyzes financial assets and derivatives from the financial engineering perspective and seeks not to introduce financial instruments, but instead to describe the methods of synthetically creating assets in static and in dynamic environments and to show how to use them. It emphasizes developing methods that can be used in order to solve risk management, taxation, regulation, and above all, pricing problems. This perspective forms the basis of practical risk management and should be useful for anyone learning about practical elements of financial engineering