Principles of Financial Engineering - No-Arbitrage Equilibrium Analysis

Author: Song Fengming
Publisher:
Publish Date: 1999-01-01
Features: This book comprehensively and systematically discusses the principles of financial engineering around the fundamental methodology of modern finance——arbitrage-free equilibrium analysis. The book is divided into ten chapters. Chapter 1 introduces the basic arbitrage-free equilibrium analysis method; Chapter 2 discusses the term structure of interest rates to establish the concept of the time value of money; Chapters 3 and 4 introduce basic investment and asset pricing theories; Chapters 5 and 6 discuss dynamic arbitrage-free equilibrium.