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Futures, Options, and Swaps, 5th Edition

Robert W. Kolb and James A. Overdahl


  • Hardcover
    $74.09
ISBN / EAN: 9781405150491
This textbook is prescribed for the following courses:
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PUBLISHED: 30th April 2007
ISBN: 9781405150491
Futures, Options, and Swaps, 5th Edition
$74.09
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ISBN / EAN: 9781405150491
This textbook is prescribed for the following courses:
Use our Textbook Finder to find the rest of your Textbooks!
OTHER FORMATS:
  • Hardcover
    $74.09
PUBLISHED: 30th April 2007
ISBN: 9781405150491

Annotation

Written in an accessible, non-technical style, "Futures, Options, and Swaps" is the most comprehensive text on derivatives markets available. As the only book to utilize such a reader-friendly, instructive approach, students will find the material readily comprehensible without a professor's guidance, thereby freeing instructors to cover only the vital topics, or to teach a more technical course.

This fifth edition has been extensively revised to address the most recent developments in this rapidly evolving field. New and updated information reflects current conditions in a variety of areas, including electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation. Also new to this edition are text boxes containing anecdotes or vignettes related to topics discussed more formally in the text, and product profiles to describe some of the more successful contracts around the world and to highlight innovative or unusual features of traded contracts. The treatment in this text emphasizes financial derivatives, but it does not neglect traditional commodity futures.

An accompanying website can be found online at containing the OPTION! program that allows the user to compute virtually every option and swap value discussed in this book, as well as many of the relationships among different option prices. The website also includes more than 80 exercises designed to enhance the understanding of option pricing principles and applications.

Publisher Description

A new and updated edition of the most readable, comprehensive text available on derivatives markets. Utilizes an even more applied approach than previous editions Provides an excellent balance between introductory and advanced topics Extensively updated to incorporate and explicate development in the field including the areas of electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation Revised to include over 50 text boxes with applied vignettes on topical issues, product profiles, and historical anecdotes

Back Cover

Written in an accessible, non-technical style, Futures, Options, and Swaps is the most comprehensive text on derivatives markets available. As the only book to utilize such a reader-friendly, instructive approach, students will find the material readily comprehensible without a professor’s guidance, thereby freeing instructors to cover only the vital topics, or to teach a more technical course.

This fifth edition has been extensively revised to address the most recent developments in this rapidly evolving field. New and updated information reflects current conditions in a variety of areas, including electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation. Also new to this edition are text boxes containing anecdotes or vignettes related to topics discussed more formally in the text, and product profiles to describe some of the more successful contracts around the world and to highlight innovative or unusual features of traded contracts. The treatment in this text emphasizes financial derivatives, but it does not neglect traditional commodity futures.

An accompanying website can be found online at
containing the OPTION! program that allows the user to compute virtually every option and swap value discussed in this book, as well as many of the relationships among different option prices. The website also includes more than 80 exercises designed to enhance the understanding of option pricing principles and applications.

Author Biography

Robert W. Kolb holds the Frank W. Considine Chair in Applied Ethics at Loyola University Chicago. He was formerly Assistant Dean for Business and Society (2003?2006) at the University of Colorado, and John S. and James L. Knight Professor of Finance at the University of Miami. He is author and co-author of numerous texts in finance, including Futures, Options, and Swaps, 5e (with James A. Overdahl, Blackwell, 2007) and Understanding Futures Markets, 6e (with James A. Overdahl, Blackwell, 2006). James A. Overdahl is Chief Economist at the Commodity Futures Trading Commission in Washington, D.C., and has held senior positions at the Risk Analysis Division at the Office of the Comptroller of the Currency and at the Securities and Exchange Commission. He has been an adjunct professor of finance at Georgetown University, the University of Maryland, George Washington University, and Johns Hopkins University.

Table of Contents

Preface. Acknowledgments. 1. Introduction. 2. Futures Markets. 3. Futures Prices. 4. Using Futures Markets. 5. Interest Rate Futures: An Introduction. 6. Interest Rate Futures: Refinements. 7. Security Futures Products: An Introduction. 8. Security Futures Products: Refinements. 9. Foreign Exchange Futures. 10. The Options Market. 11. Option Payoffs and Option Strategies. 12. Bounds on Option Prices. 13. European Option Pricing. 14. Option Sensitivities and Option Hedging. 15. American Option Pricing. 16. Options on Stock Indexes, Foreign Currency, and Futures. 17. The Options Approach to Corporate Securities. 18. Exotic Options. 19. Interest Rate Options. 20. The Swaps Market: An Introduction. 21. Swaps: Economic Analysis and Pricing. 22. Swaps: Applications. Appendix A: A Summary of Accounting Rules for Derivatives Instruments. Appendix B: The Cumulative Distribution Function for the Standard Normal Random Variable. Index

Review

"This is a revision of an already excellent textbook that has a very clear way of explaining the often difficult concepts that the student needs to understand in this very technical subject area. What I particularly like is the careful way the text builds up the material in a simple style without skipping any steps. This incremental approach makes it a very useful teaching resource. The book clearly knows what it is trying to do and makes no assumption about the knowledge level of the reader. I also like the way material is presented through the use of concrete examples." Peter Moles, University of Edinburgh

Review Text

“This is a revision of an already excellent textbook that has a very clear way of explaining the often difficult concepts that the student needs to understand in this very technical subject area. What I particularly like is the careful way the text builds up the material in a simple style without skipping any steps. This incremental approach makes it a very useful teaching resource. The book clearly knows what it is trying to do and makes no assumption about the knowledge level of the reader. I also like the way material is presented through the use of concrete examples.”
Peter Moles, University of Edinburgh

Feature


  • New edition of the most comprehensive and readable text on derivative markets
  • Utilizes an even more applied approach than previous editions
  • Provides an excellent balance between introductory and advanced topics
  • Extensively updated to incorporate and explicate development in the field including the areas of electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation
  • Revised to include over 50 text boxes with applied vignettes on topical issues, product profiles, and historical anecdotes

Product Details

Author
Robert W. Kolb, James A. Overdahl
Short Title
FUTURES OPTIONS & SWAPS 5/E
Pages
819
Publisher
Blackwell Publishers
Language
English
Edition
5th
ISBN-10
1405150491
ISBN-13
9781405150491
Media
Book
Format
Hardcover
Illustrations
Yes
Year
2007
Publication Date
2007-04-30
Country of Publication
United Kingdom
Residence
FL, US
Audience
General/Trade
Textbook
1