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Risk Management and Derivatives

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ISBN-10: 0538861010

ISBN-13: 9780538861014

Edition: 2003

Authors: Ren Stulz

List price: $299.95
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Description:

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.…    
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Book details

List price: $299.95
Copyright year: 2003
Publisher: Cengage South-Western
Publication date: 11/27/2002
Binding: Paperback
Pages: 792
Size: 8.25" wide x 10.00" long x 1.25" tall
Weight: 3.080
Language: English

Introduction to Derivatives
Investors, Derivatives and Risk Management
Creating value with risk management
An integrated approach to risk management
Forward and futures contracts
Hedging exposures with forward and futures contracts
Optimal hedges for the real world
Identifying and managing cash flow exposures
Hedging with options
Option pricing, dynamic hedging, and the binomial model
The Black-Scholes model
Risk measurement and risk management with nonlinear payoffs
Options on bonds and interest rates
The demand and supply for derivative products
Swaps
Using Exotic Options
Credit risks and credit derivatives
The practice of risk management: Recent and future developments