|
Showing 1 - 6 of
6 matches in All Departments
Exotic options and structured products are two of the most popular
financial products over the past ten years and will soon become
very important to the emerging markets, especially China. This book
first discusses the products' recent development in the world and
provides comprehensive overview of the major products. The book
also discusses the risks of issuing and buying such products as
well as the techniques to price them and to assess the risks.
Volatility is the most important factor in determining the return
and risk. Therefore, significant part of the book's content
discusses how we can measure the volatility by using local and
stochastic volatility models - Heston Model and Dupire Model, the
volatility surface, the term structure of volatility, variance
swaps, and breakeven volatility. The book introduces a set of
dimensions which can be used to describe structured products to
help readers to classify them. It also describes the more commonly
traded exotic options with details. The book discusses key features
of each exotic option which can be used to develop structured
products and covers their pricing models and when to issue such
products that contain such exotic options. This book contains
several case studies about how to use the models or techniques to
price and hedge risks. These case analyses are illuminating.
This book provides an overview of China's financial markets and
their latest developments. The book explores and discusses the
difficulties in building modern financial markets that are
compatible with an increasingly complicated market economy and
examines the various strategies to reform China's financial system.
It covers a range of topics: China's financial structure, financial
regulation, financial repression and liberalization, monetary
policy and the People's Bank of China, banking reforms, exchange
rate policy, capital control and capital-account liberalization,
and development of the stock markets. The book provides a basic
understanding of the current issues related to the development of
China's financial markets. It enhances knowledge of China's
regulatory framework which has helped to shape China's financial
landscape. It provides specific, useful knowledge about investment
in China, such as, market sense, to identify the investment
opportunities in various asset classes.
Exotic options and structured products are two of the most popular
financial products over the past ten years and will soon become
very important to the emerging markets, especially China. This book
first discusses the products' recent development in the world and
provides comprehensive overview of the major products. The book
also discusses the risks of issuing and buying such products as
well as the techniques to price them and to assess the risks.
Volatility is the most important factor in determining the return
and risk. Therefore, significant part of the book's content
discusses how we can measure the volatility by using local and
stochastic volatility models - Heston Model and Dupire Model, the
volatility surface, the term structure of volatility, variance
swaps, and breakeven volatility. The book introduces a set of
dimensions which can be used to describe structured products to
help readers to classify them. It also describes the more commonly
traded exotic options with details. The book discusses key features
of each exotic option which can be used to develop structured
products and covers their pricing models and when to issue such
products that contain such exotic options. This book contains
several case studies about how to use the models or techniques to
price and hedge risks. These case analyses are illuminating.
This book provides different financial models based on options to
predict underlying asset price and design the risk hedging
strategies. Authors of the book have made theoretical innovation to
these models to enable the models to be applicable to real market.
The book also introduces risk management and hedging strategies
based on different criterions. These strategies provide practical
guide for real option trading. This book studies the classical
stochastic volatility and deterministic volatility models. For the
former, the classical Heston model is integrated with volatility
term structure. The correlation of Heston model is considered to be
variable. For the latter, the local volatility model is improved
from experience of financial practice. The improved local
volatility surface is then used for price forecasting. VaR and CVaR
are employed as standard criterions for risk management. The
options trading strategies are also designed combining different
types of options and they have been proven to be profitable in real
market. This book is a combination of theory and practice. Users
will find the applications of these financial models in real market
to be effective and efficient.
This book provides an overview of China's financial markets and
their latest developments. The book explores and discusses the
difficulties in building modern financial markets that are
compatible with an increasingly complicated market economy and
examines the various strategies to reform China's financial system.
It covers a range of topics: China's financial structure, financial
regulation, financial repression and liberalization, monetary
policy and the People's Bank of China, banking reforms, exchange
rate policy, capital control and capital-account liberalization,
and development of the stock markets. The book provides a basic
understanding of the current issues related to the development of
China's financial markets. It enhances knowledge of China's
regulatory framework which has helped to shape China's financial
landscape. It provides specific, useful knowledge about investment
in China, such as, market sense, to identify the investment
opportunities in various asset classes.
This book provides different financial models based on options to
predict underlying asset price and design the risk hedging
strategies. Authors of the book have made theoretical innovation to
these models to enable the models to be applicable to real market.
The book also introduces risk management and hedging strategies
based on different criterions. These strategies provide practical
guide for real option trading. This book studies the classical
stochastic volatility and deterministic volatility models. For the
former, the classical Heston model is integrated with volatility
term structure. The correlation of Heston model is considered to be
variable. For the latter, the local volatility model is improved
from experience of financial practice. The improved local
volatility surface is then used for price forecasting. VaR and CVaR
are employed as standard criterions for risk management. The
options trading strategies are also designed combining different
types of options and they have been proven to be profitable in real
market. This book is a combination of theory and practice. Users
will find the applications of these financial models in real market
to be effective and efficient.
|
|