000 02260nam a22003258i 4500
001 CR9781139020534
003 UkCbUP
005 20200124160250.0
006 m|||||o||d||||||||
007 cr||||||||||||
008 141103s2011||||enk o ||1 0|eng|d
020 _a9781139020534 (ebook)
020 _z9780521843584 (hardback)
040 _aUkCbUP
_beng
_erda
_cUkCbUP
050 0 4 _aHG6024.A3
_bF68 2011
082 0 0 _a332.642015195
_222
100 1 _aFouque, Jean-Pierre,
_eauthor.
245 1 0 _aMultiscale stochastic volatility for equity, interest rate, and credit derivatives /
_cJean-Pierre Fouque [and others].
246 3 _aMultiscale Stochastic Volatility for Equity, Interest Rate, & Credit Derivatives
264 1 _aCambridge :
_bCambridge University Press,
_c2011.
300 _a1 online resource (xiii, 441 pages) :
_bdigital, PDF file(s).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
520 _aBuilding upon the ideas introduced in their previous book, Derivatives in Financial Markets with Stochastic Volatility, the authors study the pricing and hedging of financial derivatives under stochastic volatility in equity, interest-rate, and credit markets. They present and analyze multiscale stochastic volatility models and asymptotic approximations. These can be used in equity markets, for instance, to link the prices of path-dependent exotic instruments to market implied volatilities. The methods are also used for interest rate and credit derivatives. Other applications considered include variance-reduction techniques, portfolio optimization, forward-looking estimation of CAPM 'beta', and the Heston model and generalizations of it. 'Off-the-shelf' formulas and calibration tools are provided to ease the transition for practitioners who adopt this new method. The attention to detail and explicit presentation make this also an excellent text for a graduate course in financial and applied mathematics.
650 0 _aDerivative securities
_xEconometric models.
776 0 8 _iPrint version:
_z9780521843584
856 4 0 _uhttps://doi.org/10.1017/CBO9781139020534
999 _c519398
_d519396