{"product_id":"interest-rate-modeling-for-risk-takashi-yasuoka-9781681081274","title":"Interest Rate Modeling for Risk Management: Market Price of Interest Rate Risk","description":"Interest Rate Modeling for Risk Management addresses interest rate modeling for risk management. The interest rate model is specified under the real-world measure, and the result is used as to generate scenarios for interest rates. This type of system is referred to as 'real-world model' in this book. The book introduces a theoretical framework that allows estimating the market price of interest rate risk. For this, the book starts with a brief explanation of stochastic analysis, and introduces interest rate models such as Heath-Jarrow-Morton, Hull-White and LIBOR models. The real-world model is then introduced in subsequent chapters. Additionally, the book also explains some properties of the real-world model, along with the negative price tendency of the market price for risk and a positive market price of risk (with an example of this actually occurring). Readers will also find a handy appendix with proofs to complement the numerical methods explained in the book. This book is intended as a primer for practitioners in financial institutions involved in interest rate risk management. It also presents a new perspective for researchers and graduates in econometrics and finance on the study of interest rate models.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Takashi Yasuoka\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 168108127X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781681081274\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bentham Science Publishers\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/24\/2018\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 300\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.60lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 7.00w x 0.78d","brand":"Takashi Yasuoka","offers":[{"title":"Paperback","offer_id":47520575914239,"sku":"9781681081274","price":119.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_975f56fe-a773-449d-a3f4-91718dbaafca.jpg?v=1762885910","url":"https:\/\/www.whiterainbookhouse.com\/products\/interest-rate-modeling-for-risk-takashi-yasuoka-9781681081274","provider":"WR Book House","version":"1.0","type":"link"}