This comprehensive and accessible introduction to modelling credit risk is tailored for master's students. It focuses on the two mainstream approaches, structural models and reduced form... Læs mere
This book explains in simple settings the fundamental ideas of financial market modelling and derivative pricing, using the no-arbitrage principle. All proofs are... Læs mere
This brief but full introduction to basic stochastic processes contains key results that have become essential for finance practitioners and provides a solid grounding for... Læs mere
The authors focus on the key mathematical model used by finance practitioners, the Black–Scholes model, to explore the basic methodology of option pricing with a variety of... Læs mere