John Hull

Options, Futures, and Other Derivatives, Global Edition

• Broschiertes Buch

Produktbeschreibung

Thistitle is a Pearson Global Edition. The Editorial team at Pearson has workedclosely with educators around the world to include content which is especiallyrelevant to students outside the United States.

For courses in business,economics, and financial engineering and mathematics.

The definitive guide to the derivatives market, updated with contemporaryexamples and discussions
Known as GÇ£the bibleGÇ¥ to business and economics professionals and a consistentbest-seller, Options, Futures, and Other Derivatives givesreaders a modern look at the derivatives market. By incorporating theindustryGÇÖs hottest topics, such as the securitization and credit crisis, authorJohn C. Hull helps bridge the gap between theory and practice. The 11thEdition covers all the latest regulations and trends, including theBlack-Scholes-Merton formulas, overnight indexed swaps, and the valuation ofcommodity derivatives.

Produktdetails

• Verlag: Pearson / Pearson Deutschland GmbH
• 11. Aufl.
• Erscheinungstermin: 17. Juni 2021
• Englisch
• Abmessung: 251mm x 201mm x 32mm
• Gewicht: 1851g
• ISBN-13: 9781292410654
• ISBN-10: 1292410655
• Artikelnr.: 62624393

Autorenporträt

John Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto (UofT). In 2016, he was awarded the title of University Professor (an honour granted to only 2% of faculty at UofT). He has acted as a consultant to many financial institutions around the world and has won many teaching awards, including UofT's prestigious Northrop Frye Award. He is an internationally recognised authority on Derivatives and Risk Management and has many publications in this area. His work has an applied focus, with his research and teaching activities including risk management, regulation and machine learning, as well as derivatives. He is co-director of Rotman's Master in Finance and Master in Financial Risk Management Programs.

Inhaltsangabe

List of Business Snapshots List of Technical Notes Preface
1. Introduction
2. Futures markets and central counterparties
3. Hedging strategies using futures
4. Interest rates
5. Determination of forward and futures prices
6. Interest rate futures
7. Swaps
8. Securitization and the financial crisis of 2007-8
9. XVAs
10. Mechanics of options markets
11. Properties of stock options
12. Trading strategies involving options
13. Binomial trees
14. Wiener processes and Itô's lemma
15. The Black–Scholes–Merton model
16. Employee stock options
17. Options on stock indices and currencies
18. Futures options and Black's model
19. The Greek letters
20. Volatility smiles and Volatility Surfaces
21. Basic numerical procedures
22. Value at risk and expected shortfall
23. Estimating volatilities and correlations
24. Credit risk
25. Credit derivatives
26. Exotic options
27. More on models and numerical procedures
28. Martingales and measures
29. Interest rate derivatives: The standard market models
30. Convexity, timing, and quanto adjustments
31. Equilibrium models of the short rate
32. No-arbitrage models of the short rate
33. Modeling Forward Rates
34. Swaps Revisited
35. Energy and commodity derivatives
36. Real options
37. Derivatives mishaps and what we can learn from them
Glossary of terms DerivaGem software Major exchanges trading futures and
options Tables for Nx Author Index Subject Index