Commodities and Commodity Derivatives: Modeling and Pricing for Agriculturals, Metals and Energy

by Helyette Geman

The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds. In Commodities and Commodity Derivatives , Hélyette Geman shows her powerful command of the subject by combining a rigorous development of its mathematical modelling with a compact institutional presentation of the arcane characteristics of commodities that makes the complex analysis of commodities derivative securities accessible to both the academic and practitioner who wants a deep foundation and a breadth of different market applications. It is destined to be a "must have" on the subject.”
―Robert Merton, Professor, Harvard Business School "A marvelously comprehensive book of interest to academics and practitioners alike, by one of the world's foremost experts in the field."
―Oldrich Vasicek, founder, KMV

Genres: Finance, Economics

416 pages, Hardcover

First published January 1, 2005

Reviews

[Jun · Rating 5 out of 5]

Absolutely a banger. Read this in one sitting. So intuitive.

[Franco Arda · Rating 5 out of 5]

an incredible reach book on the theoretical framework of derivatives pricing on commmodities as well as many specific fundamental aspects of agricultural, metal and energy. a beautiful blend of technical and fundamental topics on commodities. experienced derivatives people who encounter commoditiy derivatives the first time will be excited reading even the fundamentals of commoditiy derivatives since those basics are exciting to read and rich in challenges not known in financial derivatives. no wonder Nassim Taleb wrote the foreword, this is one of the most exciting derivatives books available!

[John · Rating 5 out of 5]

Very Good

[Petras · Rating 5 out of 5]

Great textbook introduction on how commodity markets work.