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Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, Risk Management, Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives. After offering a general framework for risk management and speculation using derivative securities, it explores specific…mehr

Produktbeschreibung
Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, Risk Management, Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives. After offering a general framework for risk management and speculation using derivative securities, it explores specific applications to forward contracts and options. Not intended as a comprehensive introduction to derivative securities, Risk Management, Speculation, and Derivative Securities is the innovative, useful approach that addresses new developments in derivatives and risk management.

*The only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives
*Examines speculative trading and risk management from the practitioner's point of view
*Provides an innovative, useful approach that addresses new developments in derivatives and risk management
Autorenporträt
Faculty of Business Administration, Simon Fraser University, Burnaby, British Columbia, Canada
Rezensionen
"This book is a refreshing and quality treatment of the subject on derivatives and their application in corporate risk management using an economic theoretic framework. The many relevant industry examples in the book provide for palatable reading."
--Kian-Guan Lim, Professor of Finance, Singapore Management University
"Risk management is important in all aspects of trading, whether speculative or hedge trading, as Geoffrey Poitras so aptly makes clear in this book. Poitras does an excellent job of presenting the concepts and ideas that guide sound risk management decision making and then illustrates them with practical, yet sophisticated, examples. Solid ideas, excellent explanations and some thoughtful questions at the end of each Chapter make this an extremely valuable and useful teaching tool".
--Mark J. Powers, Former Editor, The Journal of Futures Markets
"Geoff Poitras has written a clear and useful book on risk management and the role of derivatives. It should prove to be very useful to advanced students of financial risk management and related topics."
--Christian C. P. Wolff, Professor of Finance, Maastricht University and Program Director, Amsterdam Institute of Finance (AIF)