UID:
almahu_9948198693602882
Format:
1 online resource (783 pages)
ISBN:
9781118594773
,
1118594770
,
9781119450290
,
1119450292
,
1118014774
,
9781118014776
,
9781118594667
,
1118594665
Content:
This comprehensive yet accessible book introduces students to financial markets and delves into more advanced material at a steady pace while providing motivating examples, poignant remarks, counterexamples, ideological clashes, and intuitive traps throughout.
Note:
""3.6 A digression: Elementary investment analysis""
,
""An Introduction to Financial Markets: A Quantitative Approach""; ""Contents""; ""Preface""; ""About the Companion Website""; ""Part I Overview""; ""1 Financial Markets: Functions, Institutions, and Traded Assets""; ""1.1 What is the purpose of finance?""; ""1.2 Traded assets""; ""1.2.1 The balance sheet""; ""1.2.2 Assets vs. securities""; ""1.2.3 Equity""; ""1.2.4 Fixed income""; ""1.2.5 FOREX markets""; ""1.2.6 Derivatives""; ""1.3 Market participants and their roles""; ""1.3.1 Commercial vs. investment banks""; ""1.3.2 Investment funds and insurance companies""
,
""1.3.3 Dealers and brokers""""1.3.4 Hedgers, speculators, and arbitrageurs""; ""1.4 Market structure and trading strategies""; ""1.4.1 Primary and secondary markets""; ""1.4.2 Over-the-counter vs. exchange-traded derivatives""; ""1.4.3 Auction mechanisms and the limit order book""; ""1.4.4 Buying on margin and leverage""; ""1.4.5 Short-selling""; ""1.5 Market indexes""; ""Problems""; ""Further reading""; ""Bibliography""; ""2 Basic Problems in Quantitative Finance""; ""2.1 Portfolio optimization""; ""2.1.1 Static portfolio optimization: Meanâ#x80;#x93;variance efficiency""
,
""2.1.2 Dynamic decision-making under uncertainty: A stylized consumptionâ#x80;#x93;saving model""""2.2 Risk measurement and management""; ""2.2.1 Sensitivity of asset prices to underlying risk factors""; ""2.2.2 Risk measures in a non-normal world: Value-atrisk""; ""2.2.3 Riskmanagement: Introductory hedging examples""; ""2.2.4 Financial vs. nonfinancial risk factors""; ""2.3 The no-arbitrage principle in asset pricing""; ""2.3.1 Why do we need asset pricing models?""; ""2.3.2 Arbitrage strategies""; ""2.3.3 Pricing by no-arbitrage""; ""2.3.4 Option pricing in a binomial model""
,
""2.3.5 The limitations of the no-arbitrage principle""""2.4 The mathematics of arbitrage""; ""2.4.1 Linearity of the pricing functional and law of one price""; ""2.4.2 Dominant strategies""; ""2.4.3 No-arbitrage principle and risk-neutral measures""; ""S2.1 Multiobjective optimization""; ""S2.2 Summary of LP duality""; ""Problems""; ""Further reading""; ""Bibliography""; ""Part II Fixed-income assets""; ""3 Elementary Theory of Interest Rates""; ""3.1 The time value of money: Shifting money forward in time""; ""3.1.1 Simple vs. compounded rates""
,
""3.1.2 Quoted vs. effective rates: Compounding frequencies""""3.2 The time value of money: Shifting money backward in time""; ""3.2.1 Discount factors and pricing a zero-coupon bond""; ""3.2.2 Discount factors vs. interest rates""; ""3.3 Nominal vs. real interest rates""; ""3.4 The term structure of interest rates""; ""3.5 Elementary bond pricing""; ""3.5.1 Pricing coupon-bearing bonds""; ""3.5.2 Frombond prices to term structures, and vice versa""; ""3.5.3 What is a risk-free rate, anyway?""; ""3.5.4 Yield-to-maturity""; ""3.5.5 Interest rate risk""; ""3.5.6 Pricing floating rate bonds""
Additional Edition:
Print version: Brandimarte, Paolo. An Introduction to Financial Markets : A Quantitative Approach. Newark : John Wiley & Sons, Incorporated, ©2017 ISBN 9781118014776
Language:
English
Keywords:
Electronic books.
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119450290
