Financial Derivatives

Robert Kolb 지음

Wiley 2009년 10월 15일 출간

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Essential insights on the various aspects of financial derivativesIf 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 activitiesProvides thorough coverage of financial derivatives and their role in risk managementExplores financial derivatives without getting bogged down by the mathematics surrounding their pricing and valuationThis informative guide will help you unlock the incredible potential of financial derivatives.

목차

Part I: Overview of Financial Derivatives.Chapter One: Derivative Instruments: Forwards, Futures, Options, Swaps, and Structured Products.Introduction.A Generalist's Approach to Derivative Contracts.Structured Products and an Application to Derivative Contracts.Conclusion.Endnotes.References.About the Author.Chapter Two: The Derivatives Marketplace: Exchanges and the Over-the-Counter Market.Introduction.Standardization vs. Customized Products: Differences in Structure and Approach.Competition and Consolidation: Impetus for Change.Moving from Bilateral to Multilateral Risk Management.Transparency and Information in the Exchange and OTC Marketplaces.Conclusion.Endnotes.References.About the Author.Chapter Three: Speculation and Hedging.Hedging Transactions.Speculation.From Hedging to Speculation.The Interaction between Hedgers and Speculators.Conclusion.Endnotes.References.About the Author.Chapter Four: The Social Functions of Financial Derivatives.Hedging and Risk Transfer.Price Discovery.Intertemporal Resource Allocation.Asset Finance.Synthetic Asset Allocation.Endnotes.References.About the Author.Part II: Types of Financial Derivatives.Chapter Five: Agricultural and Metallurgical Derivatives: Pricing.Introduction.Commodities.Seasonality in Spot and Futures Prices.Futures Pricing.Conclusion.References.Suggested Further Reading.About the Author.Chapter Six: Agricultural and Metallurgical Derivatives: Speculation and Hedging.Introduction.Commodities.Derivatives.Commodity Investment Strategies.Hedging.Spreads.Conclusion.References.Suggested Further Reading.About the Author.Chapter Seven: Equity Derivatives.Introduction.Stock Options.Equity Futures.Equity Swaps.The Future of Equity Derivatives.References.About the Authors.Chapter Eight: Foreign Exchange Derivativ

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저자(글) Robert Kolb

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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.