Call Boomerang Books 1300 36 33 32

Description - Financial Calculus by Martin W. Baxter

The rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model are described with mathematical precision in a style tailored for market practitioners. Starting from discrete-time hedging on binary trees, continuous-time stock models (including Black-Scholes) are developed. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. A full glossary of probabilistic and financial terms is provided. This unique, modern and up-to-date book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders, whether existing or trainees, in investment banks in the major financial centres throughout the world.

Buy Financial Calculus by Martin W. Baxter from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521552899
ISBN-10: 0521552893
Format: Hardback
(228mm x 152mm x 18mm)
Pages: 244
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 19-Sep-1996
Country of Publication: United Kingdom

Other Editions - Financial Calculus by Martin W. Baxter

Book Reviews - Financial Calculus by Martin W. Baxter

» Have you read this book? We'd like to know what you think about it - write a review about Financial Calculus book by Martin W. Baxter and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review