Options on Foreign Exchange (Wiley Finance Series) - Hardcover

DeRosa, David F.

Hardcover

ISBN 10: 0470239778 ISBN 13: 9780470239773

Verlag: John Wiley & Sons Ltd, 2011

Inhaltsangabe

Book by DeRosa David F

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Reseña del editor:

A comprehensive guide to the world's largest financial market Foreign exchange is the world's largest financial market and continues to grow at a rapid pace. As economies intertwine and currencies fluctuate there is hardly a corporate entity that doesn't need to use options on foreign exchange to hedge risk or increase returns. Moreover, currency options, both vanilla and exotic, are part of standard toolkit of professional portfolio managers and hedge funds. Written by a practitioner with real-world experience in this field, the Third Edition of Options on Foreign Exchange opens with a substantive discussion of the spot and forward foreign exchange market and the mechanics of trading currency options. The Black-Scholes-Merton option-pricing model as applied to currency options is also covered, along with an examination of currency futures options. Throughout the book, author David DeRosa addresses the essential elements of this discipline and prepares you for the various challenges you could face. * Updates new developments in the foreign exchange markets, particularly regarding the volatility surface * Includes expanded coverage of the currency crises and capital controls, electronic trading, forward contracts, exotic options, and more * Employs real-world terminology so you can a firm understanding of this dynamic marketplace The only way to truly succeed in today's foreign exchange market is by becoming more familiar with currency options. The Third Edition of Options on Foreign Exchange will help you achieve this goal and put you in better position to make more profitable decisions in this arena.

Contraportada:

Praise for Options on Foreign Exchange, 3rd Edition

"Dr. DeRosa's book provides an excellent introduction to the complicated field of forex options, appropriate for both practitioners and quants, broad enough to cover everything important about markets and deep enough to explain the latest theories."
—Emanuel Derman, author of My Life as a Quant

"DeRosa presents technical material with a minimum of technical fuss. Filtered through his scholarship and practical trading experience, up-to-date topics such as exotic options, forward volatilities, and the volatility smile become accessible. The book will be extremely useful to asset managers and risk managers."
—Allan M. Malz, Markets Group, Federal Reserve Bank of New York

Similar to past editions, this new Third Edition contains strong sections on spot and forward foreign exchange, interest parity, and foreign exchange futures. There are thorough presentations on the theoretical foundations and practical uses of the core Black-Scholes-Merton model for currency options. Mixed throughout the book are applications of binomial and trinomial models as well as new sections on numerical methods. American exercise options and currency futures options are also treated.

Über diese Auflage

• Verlag: John Wiley & Sons Ltd
• Erscheinungsdatum: 2011
• ISBN 10: 0470239778
• ISBN 13: 9780470239773
• Einband: Tapa dura
• Auflage: 3
• Anzahl der Seiten: 268