Financial Engineering

Author: Zheng Zhenlong
Publisher:
Publish Date: 2003-07-01
Features: This book is the research outcome of the "New Century Higher Education Teaching Reform Project--Research on the Reform and Development Strategy of Financial Education in China in the 21st Century" funded by the Ministry of Education. It is also a national-level planning textbook for the 11th Five-Year Plan and a core textbook for financial majors in higher education institutions. The book is divided into five parts: Chapters 1 and 2 introduce the general knowledge of financial engineering from the perspectives of development and methodology; Chapters 3 to 5 discuss the pricing of common financial products such as forwards, futures, forward contracts, and swaps; Chapters 6 to 10 comprehensively analyze issues related to the market trading, pricing models, price calculations, and product variations of options-based financial products; Chapters 11 to 14 provide introductions to common financial engineering techniques such as hedging, value at risk (VaR), credit risk, and arbitrage operations; Chapter 15 explains various aspects of the launch process of financial products. The book emphasizes the rigor of theoretical models, highlights the application of mathematical and statistical techniques, and includes numerous examples for illustration. In addition to serving as a textbook for financial majors in universities and colleges, it can also be used as a training manual for employees of financial institutions and as a reference for researchers, industry regulators, and other professionals in related fields. Accompanying the book are supplementary simulation experiment CDs (attached at the back) and teaching aids (exclusive for instructors).