Principles of Financial Engineering (Academic Press Advanced Finance) - Hardcover

Robert Kosowski; Salih N. Neftci

Hardcover

ISBN 10: 0123869684 ISBN 13: 9780123869685

Publisher: Academic Press, 2014

Synopsis

Three new chapters, numerous additions to existing chapters, and an expanded collection of questions and exercises make this third edition of Principles of Financial Engineering essential reading. Between defining swaps on its first page and presenting a case study on its last, Robert Kosowski and Salih Neftci's introduction to financial engineering shows readers how to create financial assets in static and dynamic environments. Poised among intuition, actual events, and financial mathematics, this book can be used to solve problems in risk management, taxation, regulation, and above all, pricing. * The Third Edition presents three new chapters on financial engineering in commodity markets, financial engineering applications in hedge fund strategies, correlation swaps, structural models of default, capital structure arbitrage, contingent convertibles and how to incorporate counterparty risk into derivatives pricing, among other topics. * Additions, clarifications, and illustrations throughout the volume show these instruments at work instead of explaining how they should act * The solutions manual enhances the text by presenting additional cases and solutions to exercises

About this title

Review:

"This text has quickly become a modern classic of financial engineering, as broad in coverage as it is deep in content, and the addition of Kosowski brings another dimension of academic rigor and practical relevance to Neftci's impressive pedagogical legacy." - Andrew W. Lo, MIT Sloan School of Management "I'm delighted that this classical text has been updated by Professor Kosowski to reflect financial engineering post-crisis. This timely combination of timeless principles and recent revelations makes for an irresistible read." --Peter Carr, Morgan Stanley and New York University

Review:

Bestselling author updates this highly acclaimed text on the fast-paced and complex subject of financial engineering

About this edition

• Publisher: Academic Press
• Publication date: 2014
• ISBN 10: 0123869684
• ISBN 13: 9780123869685
• Binding: Hardcover
• Edition number: 3
• Number of pages: 894