Presenting a balanced blend of pure finance and contract theory in the presence of risk, alternative forms of information structures, and static and dynamic frameworks, this book provides an introduction to the use of stochastic methods in financial economics and finance. The fo…
This comprehensive account of the management of the international monetary system from the 1944 Bretton Woods conference to the present day documents the structure and movements of the world economy during a period of dramatic change. Commissioned by the International Monetary F…
This comprehensive account of the management of the international monetary system from the 1944 Bretton Woods conference to the present day documents the structure and movements of the world economy during a period of dramatic change. Commissioned by the International Monetary F…
Whether the workings of financial markets do, or should, support sustainable development is the primary question of this study. Other questions examined may become increasingly important as populations grow and developing countries enter financial markets.
PART 1. DERIVATIVES VALUATION. 1. Introduction: Discounted Cash Flow Method. 2. Equity Market: the Capital Asset Pricing Model. 3. Bond Markets: the Bond Model. 4. Equity Options: the Black-Scholes Model. 5. Interest Rate Derivatives: Interest Rate Models. 6. Implied Volatility …