{"product_id":"interest-rate-modeling-lixin-wu-9781032483559","title":"Interest Rate Modeling: Theory and Practice","description":"\u003cp\u003eContaining many results that are new, or which exist only in recent research articles, this thoroughly revised third edition of \u003cb\u003e\u003ci\u003eInterest Rate Modeling: Theory and Practice, Third Edition \u003c\/i\u003e\u003c\/b\u003eportrays the theory of interest rate modeling as a three-dimensional object of finance, mathematics, and computation. It introduces all models with financial-economical justifications, develops options along the martingale approach, and handles option evaluations with precise numerical methods.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFeatures\u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e \u003cli\u003ePresents a complete cycle of model construction and applications, showing readers how to build and use models\u003c\/li\u003e \u003cli\u003eProvides a systematic treatment of intriguing industrial issues, such as volatility smiles and correlation adjustments\u003c\/li\u003e \u003cli\u003eContains exercise sets and a number of examples, with many based on real market data\u003c\/li\u003e \u003cli\u003eIncludes comments on cutting-edge research, such as volatility-smile, positive interest-rate models, and convexity adjustment\u003c\/li\u003e \u003c\/ul\u003e\u003cp\u003e \u003cb\u003eNew to the Third edition\u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e \u003cli\u003e \u003cb\u003e \u003c\/b\u003eIntroduction of Fed fund market and Fed fund futures\u003c\/li\u003e \u003cli\u003eReplacement of the forward-looking USD LIBOR by the backward-looking SOFR term rates in the market model, and the deletion of dual-curve market model developed especially for the post-crisis derivatives markets\u003c\/li\u003e \u003cli\u003eNew chapters on LIBOR Transition and SOFR Derivatives Markets\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Lixin Wu\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1032483555\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781032483559\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/27\/2024\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 425\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.73lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.94d","brand":"Lixin Wu","offers":[{"title":"Hardcover","offer_id":46173130195199,"sku":"9781032483559","price":99.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_9967c070-5251-41ae-8612-2c6f61bc269e.jpg?v=1727180078","url":"https:\/\/www.whiterainbookhouse.com\/products\/interest-rate-modeling-lixin-wu-9781032483559","provider":"WR Book House","version":"1.0","type":"link"}