Financial Derivatives

by Robert W. Kolb

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.

Genres: Finance

276 pages, Paperback

First published January 1, 1993

Reviews

[Kurt von Wasmuth · Rating 2 out of 5]

Maybe starting my adventure into non-fiction with "Financial Derivatives: The Text" was not such a great idea. I still do not know what I'm talking about.