Juliusz Jabłecki is assistant professor at the University of Warsaw and economic expert at the Polish central bank.Ryszard Kokoszczyński is Professor of Economics at the University of Warsaw and Head of Research at the Polish central bank.Paweł Sakowski is assistant professor at the University of Warsaw.Robert Ślepaczuk is quantitative fund manager at a private investment company and assistant professor at the University of Warsaw.Piotr Wójcik is assistant professor at the University of Warsaw.

• Contents: Volatility and its estimation – Overview of volatility derivatives – Volatility derivatives in investment strategies and portfolio optimization – Predictive properties and modelling of volatility term structure – Volatility risk premium – Modern asset allocation.

Juliusz Jabłecki is assistant professor at the University of Warsaw and economic expert at the Polish central bank.Ryszard Kokoszczyński is Professor of Economics at the University of Warsaw and Head of Research at the Polish central bank.Paweł Sakowski is assistant professor at the University of Warsaw.Robert Ślepaczuk is quantitative fund manager at a private investment company and assistant professor at the University of Warsaw.Piotr Wójcik is assistant professor at the University of Warsaw.

• Contents: Volatility and its estimation – Overview of volatility derivatives – Volatility derivatives in investment strategies and portfolio optimization – Predictive properties and modelling of volatility term structure – Volatility risk premium – Modern asset allocation.

Juliusz Jabłecki is assistant professor at the University of Warsaw and economic expert at the Polish central bank.Ryszard Kokoszczyński is Professor of Economics at the University of Warsaw and Head of Research at the Polish central bank.Paweł Sakowski is assistant professor at the University of Warsaw.Robert Ślepaczuk is quantitative fund manager at a private investment company and assistant professor at the University of Warsaw.Piotr Wójcik is assistant professor at the University of Warsaw.

• Contents: Volatility and its estimation – Overview of volatility derivatives – Volatility derivatives in investment strategies and portfolio optimization – Predictive properties and modelling of volatility term structure – Volatility risk premium – Modern asset allocation.