Viricel

Since 2007, the repeated financial crises around the world have brought to the headlines financial practices and models considered to fuel the economic instabilities. Deep Dive into Financial Models: Modeling Risk and Uncertainty comes handy in demystifying the underlying quantitative finance concepts. With a limited use of mathematical formalism, the book explains thoroughly the models, their hypotheses, principles and other building blocks. A particular care is given to model limitations and their misuse for investment strategies, asset pricing, or risk management. Its reader-friendly nature provides readers with a head start in quantitative finance.

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Contents:

• Interest Rates
• Credit Risk Modeling
• Portfolio Management Theories
• No-arbitrage Theory
• The Black-Scholes Model
• Volatility Models
• Numerical Methods
• Value at Risk (VaR)
• Non-Gaussian Models

Readership: Undergraduate and graduate students who are taking up Quantitative Finance courses and those who possess college mathematical background.
Key Features:

• More emphasis on the founding principles and the consequences of financial models which provides a thorough understanding on the subject
• Numerous reader-friendly and original graphs which help gain an intuitive view on the physical properties of financial concepts
• A critical look on the models as assessed by professional risk managers