10% off all books and free delivery over £50
Buy from our bookstore and 25% of the cover price will be given to a school of your choice to buy more books. *15% of eBooks.

Interest Rate Modeling

View All Editions (5)

The selected edition of this book is not available to buy right now.
Add To Wishlist
Write A Review

About

Interest Rate Modeling Synopsis

Containing many results that are new, or which exist only in recent research articles, this thoroughly revised third edition of Interest Rate Modeling: Theory and Practice, Third Edition portrays the theory of interest rate modeling as a three-dimensional object of finance, mathematics, and computation. It introduces all models with financial-economical justifications, develops options along the martingale approach, and handles option evaluations with precise numerical methods.

Features

  • Presents a complete cycle of model construction and applications, showing readers how to build and use models
  • Provides a systematic treatment of intriguing industrial issues, such as volatility smiles and correlation adjustments
  • Contains exercise sets and a number of examples, with many based on real market data
  • Includes comments on cutting-edge research, such as volatility-smile, positive interest-rate models, and convexity adjustment

New to the Third edition

  • Introduction of Fed fund market and Fed fund futures
  • Replacement of the forward-looking USD LIBOR by the backward-looking SOFR term rates in the market model, and the deletion of dual-curve market model developed especially for the post-crisis derivatives markets
  • New chapters on LIBOR Transition and SOFR Derivatives Markets

About This Edition

ISBN: 9781032483559
Publication date:
Author: Lixin Wu
Publisher: Chapman & Hall/CRC an imprint of CRC Press
Format: Hardback
Pagination: 425 pages
Series: Chapman & Hall/CRC Financial Mathematics Series
Genres: Applied mathematics
Probability and statistics
Econometrics and economic statistics
Finance and accounting

Frequently asked questions