Financial Derivatives - Softcover

Kolb, Robert W.

Softcover

ISBN 10: 1557869308 ISBN 13: 9781557869302

Publisher: Wiley–Blackwell, 1996

Synopsis

Financial Derivatives procides a thorough introduction to finacial derivatives designed to supplement a wide range of university finance and economics courses.
The text has two principle goals. First, it offers a broad overview of the different types of financial derivatives futures, options, options on futures, and swaps – while focusing on the principles that determine market prices. Second, the text presents financial derivatives as tools for risk management in a corporate setting, rather than as instruments of speculation. This approach is consistent with tye emergence of financial institutions and corporations as dominant forces in markets for financial derivatives. A new chapter 6, Risk Management and Finacial Engineering reflects the maturation of financial engineering as a financial speciality and illustrates how financial engineers use derivatives to manage risk.

About this title

About the Author

Professor Robert W. Kolb taught investments at the University of Miami until 1996. He is the author and editor of over a dozen books and numerous articles on finance and investments. Kolb currently devotes his time to writing and research, especially in the areas of futures markets, investments and bond portfolio management.

From the Back Cover

Financial Derivatives– financial instruments whose value depends onm other basic instruments, such as stocks or bonds– have emerged as imporatnat risk–mangement tools in the corporate world. Financial Derivatives offers a broad overview of the different types of derivatives (futures, options on futures, and swaps), while focussing on the principles that determine market prices. This introduction presents financial derivatives as tools for managing risk in a corporate setting, rather than instruments of speculation. The approach reflects today′s emergence of corporations and financial institutions as dominant forces in finacial derivative markets. A new chapter, Risk Management and Financial Engineering, reflects the maturation of financial engineering as a financial specialty and illustrates how financial engineers use derivatives to manage risk.

Edition details

• Publisher: Wiley–Blackwell
• Publication date: 1996
• Language: English
• ISBN 10: 1557869308
• ISBN 13: 9781557869302
• Binding: Paperback
• Edition number: 2
• Number of pages: 272