Prices in Financial Markets

Inbunden, Engelska, 1990

3 471 kr

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Beskrivning

This textbook on financial markets has two purposes: one is to introduce students to the latest theory of financial markets, and the other is to explain the advanced mathematics that is the language of this theory. It requires students to have a familiarity with the elementary ideas of ordinary calculus, linear algebra, probability, and microeconomics. The theory in the book is the basis for some very successful applications to a large and growing segment of financial markets: futures markets in commodities, interest rates, and stock indexes; and the options markets in the same areas.

Produktinformation

Utgivningsdatum:1990-04-12
Vikt:730 g
Format:Inbunden
Språk:Engelska
Antal sidor:360
Förlag:Oxford University Press Inc
ISBN:9780195053128

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap

Recensioner i media

'The great strengths of the book are its logical development of very sophisticated concepts and the examples and exercises. Each major definition and theorem is followed by a simple example. This makes the early chapters on the discrete model, in particular, very useful for teaching at the PhD level.' Richard Stapleton, University of Lancster, Economica, 2/92

Innehållsförteckning

Introduction to models of financial markets; One-period equilibrium price measures; A discrete multi-period model; Multi-period equilibrium price measures; Discrete stochastic calculus; Extensions of the discrete multi-period model; The Wiener process; Ito Calculus; The Black-Scholes model; Local martingales and semimartingales; General stochastic calculus; A continuous multi-period model