RISK MANGEMENT & DERIVATIVES STULZ R Księgarnia

In direct contrast to most existing derivatives books which emphasize issues related to the pricing and hedging of derivatives and are intended more to train traders, not managers, this groundbreaking book is designed for those who want to teach managers how to use derivatives to maximize firm value through risk management. This book presents the crucial tools necessary for executives and future derivatives players to effectively hedge with derivatives in order to protect firms from losses. Coverage includes all the pricing tools that are necessary for those who seriously intend to use derivatives as well as the necessary tools to evaluate how to use a particular derivative to reduce risk. Rather than focusing on an array of possible derivatives, the book is much more concerned about teaching a general approach to use derivatives so that students know how to use existing derivatives for risk management as well as derivatives that do not yet exist.

Readable, practical text: Great fit for a first course in derivatives at the undergraduate or graduate level.

Written to emphasizes the role of managers: Managers will use derivatives to maximize firm value as opposed to traders who may use derivatives to speculate.

Has a full compliment of pedagogy: Includes chapter objectives, summary, "key concepts," questions, and exercises.

Applications boxes: Chapter concepts are applied to real-world examples.

Technical boxes: Concepts presented within the chapters are taken to a further level of conceptual or mathematical rigor.

René M. Stulz is the Everett D. Reese Chair of Banking and Monetary Economicsat the Ohio State University and the Director of the Dice Center for Research inFinancial Economics at the Ohio State University. He previously taught at theUniversity of Rochester and held visiting appointments at the Massachusetts Instituteof Technology and the University of Chicago. He was a Marvin Bower Fellow at the Harvard Business School for the 1996-1997 academic year. He received his Ph.D. from the Massachusetts Institute of Technology. He holds an honorary doctorate from the University of Neuchâtel in Switzerland and is a Fellow of the Financial Management Association. René M. Stulz was editor of the Journal of Finance for twelve years and aco-editor of the Journal of Financial Economics for five years. He edits the corporate finance and banking abstracts for the Social Sciences Research Network. He is alsoon the editorial board of several academic and practitioner journals. Further, he is aresearch associate of the National Bureau of Economic Research.

Table of Contents:

1. Introduction to Derivatives
2. Investors, Derivatives and Risk Management
3. Creating value with risk management
4. An integrated approach to risk management
5. Forward and futures contracts
6. Hedging exposures with forward and futures contracts
7. Optimal hedges for the real world
8. Identifying and managing cash flow exposures
9. Hedging with options
10. Option pricing, dynamic hedging, and the binomial model
11. The Black-Scholes model
12. Risk measurement and risk management with nonlinear payoffs
13. Options on bonds and interest rates
14. The demand and supply for derivative products
15. Swaps
16. Using Exotic Options
17. Credit risks and credit derivatives
18. The practice of risk management: Recent and future developments.

676 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.