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Emerging Financial Derivatives

SPAR
kr 58

Emerging Financial Derivatives

Exotic options and structured products are two of the most popular financial products over the past ten years and will soon become very important to the emerging markets, especially China. This book first discusses the products'' recent development in the world and provides comprehensive overview of the major products. The book also discusses the risks of issuing and buying such products as well as the techniques to price them and to assess the risks. Volatility is the most important factor in determining the return and risk. Therefore, significant part of the book''s content discusses how we can measure the volatility by using local and stochastic volatility models — Heston Model and Dupire Model, the volatility surface, the term structure of volatility, variance swaps, and breakeven volatility.

The book introduces a set of dimensions which can be used to describe structured products to help readers to classify them. It also describes the more commonly traded exotic options with details. The book discusses key features of each exotic option which can be used to develop structured products and covers their pricing models and when to issue such products that contain such exotic options. This book contains several case studies about how to use the models or techniques to price and hedge risks. These case analyses are illuminating.

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Exotic options and structured products are two of the most popular financial products over the past ten years and will soon become very important to the emerging markets, especially China. This book first discusses the products'' recent development in the world and provides comprehensive overview of the major products. The book also discusses the risks of issuing and buying such products as well as the techniques to price them and to assess the risks. Volatility is the most important factor in determining the return and risk. Therefore, significant part of the book''s content discusses how we can measure the volatility by using local and stochastic volatility models — Heston Model and Dupire Model, the volatility surface, the term structure of volatility, variance swaps, and breakeven volatility.

The book introduces a set of dimensions which can be used to describe structured products to help readers to classify them. It also describes the more commonly traded exotic options with details. The book discusses key features of each exotic option which can be used to develop structured products and covers their pricing models and when to issue such products that contain such exotic options. This book contains several case studies about how to use the models or techniques to price and hedge risks. These case analyses are illuminating.

Produktdetaljer
Sprog: Engelsk
Sider: 136
ISBN-13: 9781138066793
Indbinding: Paperback
Udgave:
ISBN-10: 1138066796
Udg. Dato: 13 apr 2017
Længde: 13mm
Bredde: 202mm
Højde: 233mm
Forlag: Taylor & Francis Ltd
Oplagsdato: 13 apr 2017
Forfatter(e) Kin Keung Lai, Jerome Yen, Kin Keung (Shaanxi Normal University Lai


Kategori Virksomhedsøkonomi


Sprog Engelsk


Indbinding Paperback


Sider 136


Udgave


Længde 13mm


Bredde 202mm


Højde 233mm


Udg. Dato 13 apr 2017


Oplagsdato 13 apr 2017

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