Capital market finance : an introduction to primitive assets, derivatives, portfolio management and risk / Patrice Poncet, Roland Portait ; with contributions by Igor Toder.
This book offers a comprehensive and coherent presentation of almost all aspects of Capital Market Finance, providing hands-on knowledge of advanced tools from mathematical finance in a practical setting. Filling the gap between traditional finance textbooks, which tend to avoid advanced mathematica...
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Full Text (via Springer) |
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| Main Authors: | , , |
| Other title: | Finance de marché. English. |
| Format: | eBook |
| Language: | English French |
| Published: |
Cham :
Springer,
[2022]
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| Series: | Springer texts in business and economics.
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| Subjects: |
MARC
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| 100 | 1 | |a Poncet, Patrice, |e author. |0 http://id.loc.gov/authorities/names/n80157335 |1 https://isni.org/isni/0000000115566451. |1 http://isni.org/isni/0000000115566451. | |
| 240 | 1 | 0 | |a Finance de marché. |l English. |
| 245 | 1 | 0 | |a Capital market finance : |b an introduction to primitive assets, derivatives, portfolio management and risk / |c Patrice Poncet, Roland Portait ; with contributions by Igor Toder. |
| 264 | 1 | |a Cham : |b Springer, |c [2022] | |
| 264 | 4 | |c ©2022. | |
| 300 | |a 1 online resource (xxxvi, 1,364 pages) : |b illustrations (some color) | ||
| 336 | |a text |b txt |2 rdacontent. | ||
| 337 | |a computer |b c |2 rdamedia. | ||
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| 490 | 1 | |a Springer texts in business and economics. | |
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Intro -- Preface -- Main Abbreviations and Notations -- Acknowledgments -- Contents -- 1: Introduction: Economics and Organization of Financial Markets -- 1.1 The Role of Financial Markets -- 1.1.1 The Allocation of Cash Resources Over Time -- 1.1.2 Risk Allocation -- 1.1.3 The Market as a Supplier of Information -- 1.2 Securities as Sequences of Cash Flows -- 1.2.1 Definition of a Security (or Financial Asset) -- 1.2.2 Characterizing the Cash Flow Sequence -- 1.3 Equilibrium, Absence of Arbitrage Opportunity, Market Efficiency and Liquidity -- 1.3.1 Equilibrium and Price Setting. | |
| 505 | 8 | |a 1.3.2 Absence of Arbitrage Opportunity (AAO) and the Notion of Redundant Assets -- 1.3.3 Efficiency -- 1.3.3.1 The Notion of Efficiency -- 1.3.3.2 Theoretical and Empirical Considerations -- 1.3.4 Liquidity -- 1.3.5 Perfect Markets -- 1.4 Organization, a Typology of Markets, and Listing -- 1.4.1 The Banking System and Financial Markets -- 1.4.2 A Simple Typology of Financial Markets -- 1.4.2.1 Primitive Spot Assets: Allocation of Cash -- 1.4.2.2 Derivative Product Markets: Risk Allocation -- 1.4.3 Market Organization -- 1.4.3.1 Over-the-Counter/Exchange Traded Markets -- 1.4.3.2 Intermediation. | |
| 505 | 8 | |a 1.4.3.3 Centralized and Decentralized Markets -- 1.4.3.4 Quotation on an Exchange -- Order Book, Fixing and Clearinghouse -- Example of Order Book and Fixing -- 1.4.3.5 Primary Markets, Secondary Markets and Over-the-Counter (OTC) -- 1.5 Summary -- Appendix: The Worldś Principal Financial Markets -- Stock markets, market indexes and interest rate instruments -- Organized Derivative Markets (Futures and Options, Unless Otherwise Indicated) -- Suggestion for Further Reading -- Books -- Articles -- Part I: Basic Financial Instruments. | |
| 505 | 8 | |a 2: Basic Finance: Interest Rates, Discounting, Investments, Loans -- 2.1 Cash Flow Sequences -- Example 1 -- 2.2 Transactions Involving Two Cash Flows -- 2.2.1 Transactions of Lending and Borrowing Giving Rise to Two Cash Flows over One Period -- 2.2.2 Transactions with Two Cash Flows over Several Periods -- Example 2 -- Example 3 -- 2.2.3 Comparison of Simple and Compound Interest -- Example 4 -- Example 5 -- 2.2.4 Two ̀̀Complications ́́in Practice -- Example 6 -- Example 7 -- Example 8 (Bank Discount) -- Example 9 -- 2.2.5 Continuous Rates. | |
| 505 | 8 | |a 2.2.6 General Equivalence Formulas for Rates Differing in Convention and the Length of the Reference Period -- Example 10 -- Example 11 -- 2.3 Transactions Involving an Arbitrary Number of Cash Flows: Discounting and the Analysis of Investments -- 2.3.1 Discounting -- Example 12 -- Example 13 -- 2.3.2 Yield to Maturity (YTM), Discount Rate and Internal Rate of Return (IRR) -- 2.3.3 Application to Investment Selection: The Criteria of the NPV and the IRR -- 2.3.4 Interaction Between Investing and Financing, and Financial Leverage -- Example 14. | |
| 520 | |a This book offers a comprehensive and coherent presentation of almost all aspects of Capital Market Finance, providing hands-on knowledge of advanced tools from mathematical finance in a practical setting. Filling the gap between traditional finance textbooks, which tend to avoid advanced mathematical techniques used by professionals, and books in mathematical finance, which are often more focused on mathematical refinements than on practical uses, this book employs advanced mathematical techniques to cover a broad range of key topics in capital markets. In particular, it covers all primitive assets (equities, interest and exchange rates, indices, bank loans), most vanilla and exotic derivatives (swaps, futures, options, hybrids and credit derivatives), portfolio theory and management, and risk assessment and hedging of individual positions as well as portfolios. Throughout, the authors emphasize the methodological aspects and probabilistic foundations of financial asset valuation, risk assessment and measurement. Background in financial mathematics, particularly stochastic calculus, is provided as needed, and over 200 fully worked numerical examples illustrate the theory. Based on the authors' renown master's degree courses, this book is written for students in business and finance, as well as practitioners in quantitative finance. Apart from an undergraduate-level knowledge of calculus, linear algebra and probability, the book is self-contained with no prior knowledge of market finance required. | ||
| 546 | |a Translated from French. | ||
| 588 | 0 | |a Online resource; title from PDF title page (SpringerLink, viewed November 17, 2022) | |
| 650 | 0 | |a Capital market. |0 http://id.loc.gov/authorities/subjects/sh85019945. | |
| 650 | 7 | |a Capital market. |2 fast |0 (OCoLC)fst00846356. | |
| 700 | 1 | |a Portait, Roland, |e author. |0 http://id.loc.gov/authorities/names/n80157336 |1 https://isni.org/isni/0000000116684687. |1 http://isni.org/isni/0000000116684687. | |
| 700 | 1 | |a Toder, Igor, |e author. | |
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