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 | | Financial Engineering: Tools and Techniques to Manage Financial Risk by Lawrence Galitz ISBN-10: 9780786303625 ISBN-10: 0-7863-0362-X ISBN-13: 9780786303625 ISBN-13: 978-0-7863-0362-5 Hardcover 1995-02-01 McGraw-Hill Find Lowest Price |
Editorials | ||
Product Description Written with a clear and concise style, this book provides a solid foundation of theory and a clear demonstration of effective practice. It also: covers the tools of financial engineering; defines each instrument and describes the markets in which they are traded; explains how each product is priced and hedged. | ||
Reviews | ||
Excellent Resource For Practical Financial Risk Management This book emphasises the relationship between the debt and currency markets. This relationship can be summarized by the international fisher equation, however this book addresses topics that are typically not addressed in more theoretical texts. If you really want to understand how the international currency and debt markets operate on a practical level, including a rather comprehensive coverage of Swaps, Caps, Collars, FRAs, etc., then this book is a must. The mathematics in this book are rather simple and should pose no problem for a beginner or intermediate level student of finance. | ||
Excellent Book and Worth Buying This book is excellent for both academics and practitioners. Because of its low level of mathematics, it can be used at both the undergraduate and graduate levels. The exposition is clear and concise but not formal. The book covers a lot of ground and is written by an expert in the field. Almost each section has plenty of good real world examples. It can be used as an introductory reference to advanced topics such as interest rate option modelling and the Brace-Gatarek-Musiela Approach. However, the book needs a new edition to include the latest topics in the modelling of interest rates. A visual basic computer disc for practice could improve the book considerably. At less than $50 the price of the book makes it a bargain. | ||