Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives (Hardcover) (ISBN-13: 9781852334581)

In this second edition of their popular text, the authors take into account recent developments in the field, and changes in their own thinking and teaching. The chapters on Incomplete Markets and Interest Rate Theory have been updated and extended, there is a new chapter on the important and growing area of Credit Risk and, in recognition of the increasing popularity of L騅y finance, there is considerable new material on: - Infinite divisibility and L騅y processes - L騅y-based models in incomplete markets Further material such as exercises, solutions to exercises and lecture slides are also available via the web to provide additional support for lecturers.

Author: Nicholas H. Bingham, R?iger Kiesel
ISBN-10: 1852334584
ISBN-13: 9781852334581
Publisher: Springer
Language: English
Published: 06/16/2004
Pages: 438
Format: Hardcover
Weight: 1.72lbs
Size: 9.42h x 6.42w x 1.01d