During the seven years that elapsed between the first and second editions of the present
book, considerable progress was achieved in the area of financial modelling and pricing of …

THE CONVENTIONAL INSTRUMENT of monetary policy in most major industrial economies
is the very short term nominal interest rate, such as the overnight federal funds rate in the …

The deep understanding of the forces that affect the valuation, risk and return of fixed income
securities and their derivatives has never been so important. As the world of fixed income …

Written by leading market risk academic, Professor Carol Alexander, Pricing, Hedging and
Trading Financial Instruments forms part three of the Market Risk Analysis four volume set …

Hedging to reduce or eliminate the common factors influencing an interest rate-sensitive
portfolio's value requires a model of interest rate behavior. Bliss presents a numerical …

Quantitative Modeling of Derivative Securities demonstrates how to take the basic ideas of
arbitrage theory and apply them-in a very concrete way-to the design and analysis of …

We consider a diffusion type model for the short rate, where the drift and diffusion
parameters are modulated by an underlying Markov process. The underlying Markov …

Prior studies have fallen short when examining the impact of religiosity on consumer values
toward environmental preservation and green product switching behavior in religion …

This book is the definitive and most comprehensive guide to modeling derivatives in C++
today. Providing readers with not only the theory and math behind the models, as well as the …

This book gives a systematic introduction to the basic theory of financial mathematics, with
an emphasis on applications of martingale methods in pricing and hedging of contingent …