Text

Futures. Options. & Swaps

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Futures. Options. and Swaps 3e brings together in one text a comprehensive treatment of the three most important types of financial derivatives. These three types of derivatives are linked by a common pricing framework-the proposition that rational prices preclude arbitrage profits. This guiding principle is introduced in the first chapter and pursued throughout the text.
The text also emphasizes the use of futures. options. and swaps in risk management. While the book features ample examples of speculative strategies that can be implemented with these instru-ments. the focus of the application examples is the management of preexisting risk.
To integrate the understanding of these instruments. the discussion emphasizes the relationships among futures. options. and swaps. For example. various parity conditions are derived and illustrated.
As a second example. an interest rate swap is analyzed as a portfolio of bonds. as a portfolio of forward rate agreements. and as a portfolio of futures contracts.
The treatment in this text emphasizes financial derivatives. but it does not neglect traditional commodity futures. From years of teaching this material. I have found that futures can be understood best when the discussion begins with a tangible good having no cash flows. such as gold. Accordingly. the book is organized as follow's.

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Ketersediaan

Informasi Detail

Judul Seri

3

No. Panggil

332.64 ROBf

Penerbit

Oxford : Blackwell Business., 2000

Deskripsi Fisik

804

Bahasa

Inggris

ISBN/ISSN

0-631-21499-2

Klasifikasi

332.64

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

-

Edisi

3

Subjek

Saham

Info Detail Spesifik

-

Pernyataan Tanggungjawab

-

Versi lain/terkait

Lampiran Berkas

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