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Patrice Poncet,Roland Portait

Capital Market Finance: An Introduction to Primitive Assets, Derivatives, Portfolio Management and Risk

Capital Market Finance: An Introduction to Primitive Assets, Derivatives, Portfolio Management and Risk

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  • More about Capital Market Finance: An Introduction to Primitive Assets, Derivatives, Portfolio Management and Risk

This book provides a comprehensive and coherent presentation of advanced tools from mathematical finance in a practical setting, covering a broad range of key topics in capital markets. It emphasizes the methodological aspects and probabilistic foundations of financial asset valuation, risk assessment, and measurement and is written for students in business and finance, as well as practitioners in quantitative finance.

Format: Hardback
Length: 1364 pages
Publication date: 08 November 2022
Publisher: Springer Nature Switzerland AG


This comprehensive and coherent book delves into the realm of Capital Market Finance, offering a hands-on understanding of advanced tools from mathematical finance in a practical context. It bridges the gap between traditional finance textbooks, which often shy away from advanced mathematical techniques employed by professionals, and books in mathematical finance, which tend to prioritize mathematical refinements over practical applications. By employing advanced mathematical techniques, the book covers a wide range of critical topics in capital markets, including all primitive assets such as equities, interest rates, exchange rates, indices, bank loans, as well as vanilla and exotic derivatives such as swaps, futures, options, hybrids, and credit derivatives.

Throughout, the authors emphasize the methodological aspects and probabilistic foundations of financial asset valuation, risk assessment, and measurement. A background in financial mathematics, particularly stochastic calculus, is provided as necessary, and over 200 fully worked numerical examples illustrate the theory. This book is written for students in business and finance, as well as practitioners in quantitative finance. In addition to an undergraduate-level knowledge of calculus, linear algebra, and probability, the book is self-contained, requiring no prior knowledge of market finance.

Weight: 2374g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030845988
Edition number: 1st ed. 2022

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