Financial Derivatives: Pricing and Risk Management

  • 13h 58m
  • James A. Overdahl, Robert Kolb
  • John Wiley & Sons (US)
  • 2010

Essential insights on the various aspects of financial derivatives

If you want to understand derivatives without getting bogged down by the mathematics surrounding their pricing and valuation, Financial Derivatives is the book for you. Through in-depth insights gleaned from years of financial experience, Robert Kolb and James Overdahl clearly explain what derivatives are and how you can prudently use them within the context of your underlying business activities.

Financial Derivatives introduces you to the wide range of markets for financial derivatives. This invaluable guide offers a broad overview of the different types of derivatives-futures, options, swaps, and structured products-while focusing on the principles that determine market prices. This comprehensive resource also provides a thorough introduction to financial derivatives and their importance to risk management in a corporate setting. Filled with helpful tables and charts, Financial Derivatives offers a wealth of knowledge on futures, options, swaps, financial engineering, and structured products.

  • Discusses what derivatives are and how you can prudently implement them within the context of your underlying business activities
  • Provides thorough coverage of financial derivatives and their role in risk management
  • Explores financial derivatives without getting bogged down by the mathematics surrounding their pricing and valuation

This informative guide will help you unlock the incredible potential of financial derivatives.

About the Editors

Robert W. Kolb is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University Chicago. Before this, he was the assistant dean, Business and Society, and director, Center for Business and Society, at the University of Colorado at Boulder, and department chairman at the University of Miami. Kolb has authored over twenty books on finance, derivatives, and futures, as well as numerous articles in leading finance journals.

James A. Overdahl, a specialist in financial derivatives, is the Chief Economist of the United States Securities and Exchange Commission. He had previously served as chief economist of the Commodity Futures Trading Commission and has nearly two decades of experience in senior positions at various federal financial regulatory agencies. He has taught economics and finance at the University of Texas at Dallas, Georgetown University, Johns Hopkins University, and George Washington University. Overdahl earned his PhD in economics from Iowa State University.

In this Book

  • Introduction
  • Derivative Instruments—Forwards, Futures, Options, Swaps, and Structured Products
  • The Derivatives Marketplace—Exchanges and the Over-the-Counter Market
  • Speculation and Hedging
  • The Social Functions of Financial Derivatives
  • Agricultural and Metallurgical Derivatives—Pricing
  • Agricultural and Metallurgical Derivatives—Speculation and Hedging
  • Equity Derivatives
  • Foreign Exchange Derivatives
  • Energy Derivatives
  • Interest Rate Derivatives
  • Exotic Options
  • Event Derivatives
  • Credit Default Swaps
  • Structured Credit Products
  • Executive Stock Options
  • Emerging Derivative Instruments
  • The Development and Current State of Derivatives Markets
  • Derivatives Markets Intermediaries—Brokers, Dealers, Pools, and Funds
  • Clearing and Settlement
  • Counterparty Credit Risk
  • The Regulation of U.S. Commodity Futures and Options
  • Accounting for Financial Derivatives
  • Derivative Scandals and Disasters
  • No-Arbitrage Pricing
  • The Pricing of Forward and Futures Contracts
  • The Black-Scholes Option Pricing Model
  • The Black-Scholes Legacy—Closed-Form Option Pricing Models
  • The Pricing and Valuation of Swaps
  • Monte Carlo Techniques in Pricing and Using Derivatives
  • Valuing Derivatives Using Finite Difference Methods
  • Stochastic Processes and Models
  • Measuring and Hedging Option Price Sensitivities
  • Option Strategies
  • The Use of Derivatives in Financial Engineering—Hedge Fund Applications
  • Hedge Funds and Financial Derivatives
  • Real Options and Applications in Corporate Finance
  • Using Derivatives to Manage Interest Rate Risk
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