Financial Engineering

Author: Grinzig
Publisher:
Publish Date: 1998-10-01
Features: Financial engineering is an emerging discipline that emerged in the late 1980s and early 1990s. It introduces engineering thinking into the field of finance and comprehensively adopts various engineering techniques to design, develop, and implement new financial products, creatively solving various financial problems. This book introduces how to use financial derivatives and techniques to reduce and avoid various financial risks, especially introducing the internationally newest financial hedging techniques. The U.S.-based Risk magazine considers this book "clearly structured, accurate, and well-organized." This book comprehensively and systematically introduces the products and applications of financial engineering. Part 1 separately introduces important financial engineering tools: forward rate agreements, SAFEs, futures, swaps, and options; the second part explains how to use these financial tools: either individually or in combination, to manage interest rate risk, currency risk, equity risk, and commodity risk. The topics covered in this book are very important for a broad readership, so I tried to write this book to share some useful knowledge with you.