{"product_id":"9783030228989","title":"Finance and Capital Markets Series: Modern Risk Management","description":"\u003ch1\u003eFinance and Capital Markets Series: Modern Risk Management\u003c\/h1\u003e \u003ch2\u003eDeutsch, Hans-Peter; Beinker, Mark W.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eNow in its fifth edition, \u003ci\u003eDerivatives and Internal Models\u003c\/i\u003e provides a comprehensive and thorough introduction to derivative pricing, risk management and portfolio optimization, covering all relevant topics with enough hands-on, depth of detail to enable readers to develop their own pricing and risk tools.  \u003c\/p\u003e\n\n\u003cp\u003eThe book provides insight into modern market risk quantification methods such as variance-covariance, historical simulation, Monte Carlo, hedge ratios, etc., including time series analysis and statistical concepts such as GARCH Models or Chi-Square-distributions. It shows how optimal trading decisions can be deduced once risk has been quantified by introducing risk-adjusted performance measures and a complete presentation of modern quantitative portfolio optimization. Furthermore, all the important modern derivatives and their pricing methods are presented; from basic discounted cash flow methods to Black-Scholes, binomial trees, differential equations, finite difference schemes, Monte Carlo methods, Martingales and Numeraires, terms structure models, etc. \u003c\/p\u003e\n\n\u003cp\u003eThe fifth edition of this classic finance book has been comprehensively reviewed. New chapters\/content cover multicurve bootstrapping, the valuation and hedging of credit default risk that is inherently incorporated in every derivative—both of which are direct and permanent consequences of the financial crises with a large impact on our understanding of modern derivative valuation.\u003c\/p\u003e\n\n\u003cp\u003eThe book will be accompanied by downloadable Excel spread sheets, which demonstrate how the theoretical concepts explained in the book can be turned into valuable algorithms and applications and will serve as an excellent starting point for the reader’s own bespoke solutions for valuation and risk management systems.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2019-10-23\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783030228989\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-030-22899-6\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 897\u003c\/p\u003e ","brand":"Springer International Publishing","offers":[{"title":"Default Title","offer_id":45588031537292,"sku":"9783030228989","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783030228989.jpg?v=1775850079","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783030228989","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}