{"product_id":"termstructure-models-a-graduate-course-springer-finance","title":"TermStructure Models: A Graduate Course (Springer Finance)","description":"\u003cp\u003eChanging interest rates constitute one of the major risk sources for banks, insurance companies, and other financial institutions. Modeling the termstructure movements of interest rates is a challenging task. This volume gives an introduction to the mathematics of termstructure models in continuous time. It includes practical aspects for fixedincome markets such as daycount conventions, duration of couponpaying bonds and yield curve construction; arbitrage theory; shortrate models; the HeathJarrowMorton methodology; consistent termstructure parametrizations; affine diffusion processes and option pricing with Fourier transform; LIBOR market models; and credit risk.The focus is on a mathematically straightforward but rigorous development of the theory. Students, researchers and practitioners will find this volume very useful. Each chapter ends with a set of exercises, that provides source for homework and exam questions. Readers are expected to be familiar with elementary It calculus, basic probability theory, and real and complex analysis.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Default Title","offer_id":45902017986758,"sku":"DADAX3540097260","price":106.47,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0695\/9389\/1014\/files\/51G-1uanAxL.jpg?v=1780335210","url":"https:\/\/ergodemedia.com\/products\/termstructure-models-a-graduate-course-springer-finance","provider":"Ergodemedia","version":"1.0","type":"link"}