The book is currently out of stock
More about the book
The book delves into the evolution of mathematical finance, highlighting the pivotal year of 1973 when the first option exchange opened and the Black-Scholes model was introduced, establishing a standard for pricing European stock options. In contrast, the interest-rate market lacks a unified model due to the complexity of yield curve dynamics. It explores various interest-rate models, including the Black model and the Heath-Jarrow-Morton framework, as well as promising approaches like the LIBOR and swap market models, emphasizing their significance in managing market risk.
Book purchase
Interest-Rate Management, Rudi Zagst
- Language
- Released
- 2010
- product-detail.submit-box.info.binding
- (Paperback)
We’ll notify you via email once we track it down.
Payment methods
- Title
- Interest-Rate Management
- Language
- English
- Authors
- Rudi Zagst
- Publisher
- Springer Berlin Heidelberg
- Released
- 2010
- Format
- Paperback
- Pages
- 360
- ISBN13
- 9783642087080
- Category
- Business and Economics, Mathematics
- Description
- The book delves into the evolution of mathematical finance, highlighting the pivotal year of 1973 when the first option exchange opened and the Black-Scholes model was introduced, establishing a standard for pricing European stock options. In contrast, the interest-rate market lacks a unified model due to the complexity of yield curve dynamics. It explores various interest-rate models, including the Black model and the Heath-Jarrow-Morton framework, as well as promising approaches like the LIBOR and swap market models, emphasizing their significance in managing market risk.