The selection of an appropriate parameterization of data is a fundamental step in a majority of empirical research effort. Likewise, detecting or estimating features of non-stationarities in data sequences is a critical point in conducting credible research that uses data for inference. In this...

This book covers fundamental concepts in financial markets and asset pricing such as hedging, arbitrage, speculation in different markets, classical models for pricing of simple and complex derivatives, mathematical foundations, managing and monitoring portfolios of derivatives in real time,...

Key Features:First book to discuss derivatives in detailContains real world examples, questions and exercises on financial markets and asset pricingWritten in a simple and accessible manner and can be read by academics and general public alike.