Description
David N King is a senior lecturer in economics at the University of Stirling He is also a consultant for the World Bank, the Organization for Economic Co-operation and Development, and the Council of Europe
Financial Chaines and Derivatives provides a thorough introduction to financial instruments, exploring both financial claims and financial derivatives. It also covers commodity derivatives. The text assumes no previous knowledge of economics or finance. To aid understanding it uses a jargon-free approach, and it explains numerous examples, many of which are drawn from the financial press
The early chapters examine a wide range of financial claims, focusing especially on securities, and they include an introduction to the analysis of portfolios and asset pricing. The remaining chapters are concerned with derivatives, taking in turn forwards, futures, options and swaps. These chapters include a discussion of forward prices and future prices, and they also give a rigorous introduction to option pricing where they apply the principles to many different types of option.
This text gives an exceptionally clear account of financial claims and derivatives. It is invaluable for anyone wishing to grasp the basic concepts. All the key terms are carefully explained and the text and tables cover the data that is published regularly in the financial pages of the press.
ISBN:
9781861524485
