Principles and Applications of Financial Derivatives

Author: Men Ming
Publisher:
Publish Date: 2002-01-01
Features: Financial derivatives have developed on the basis of traditional financial instruments. Financial derivatives mainly include options, futures, forward contracts, and swaps. The development of the financial derivatives market is an inevitable stage in the evolution of the financial market. The fundamental reason for the development of the financial derivatives market lies in the contradiction between investors' pursuit of investment returns and risk avoidance. On one hand, investors expect to achieve the maximum investment return; on the other hand, they hope to minimize risk levels. The emergence of financial derivatives provides investors with investment tools and strategies that are suitable for their risk tolerance. It is hoped that this book will help readers gain a deeper understanding of financial derivatives, enabling them to grasp the concepts, principles, trading mechanisms, and trading strategies of financial derivatives, thereby further understanding the essence of financial innovation. This book can primarily be used as a professional textbook for graduate students and senior undergraduate students in finance and economics. At the same time, it is also suitable for individuals engaged in teaching, research, and management of financial derivatives. Additionally, this book is valuable for professionals involved in trading and managing financial derivatives.