Financial Derivatives - Softcover

Robert W. Kolb

3.29

14 ratings by Goodreads

Softcover

ISBN 10: 0130515590 ISBN 13: 9780130515599

Publisher: Prentice Hall Pr, 1993

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Financial Derivatives provides a thorough introduction to financial derivatives and their importance to risk management in the corporate setting. The book has two principal goals: to offer a broad overview of the different types of financial derivatives while focusing on the principals that determine market prices, and to present financial derivatives as a tool for risk management in a corporate setting rather than as instruments of speculation.

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From the Back Cover:

"Kolb and Overdahl have produced a clear and well-written introduction to derivatives that should serve as a useful foundational text. Their mixture of mechanics, pricing, and risk management is as well-balanced as their blend of theory and practical applications."
-Christopher L. Culp, PhD, Adjunct Associate Professor of Finance at The University of Chicago's Graduate School of Business and Managing Director at CP Risk Management LLC

"The third edition of Kolb and Overdahl presents a nice blend of theory and application of financial derivatives. The concise anthology introduces institutional background and valuation issues and then shows how each instrument can be used to manage risk. This book is sure to be of interest to risk managers as well as business students about to embark on their finance careers."
-Steve Swidler, J. Stanley Mackin Professor of Finance, Auburn University

"Financial Derivatives is an excellent, accessible introduction to some of the fastest growing markets in modern finance. Kolb and Overdahl clearly explain the uses (as well as the problems underlying several well-publicized abuses) of financial derivatives as risk management tools. Practitioners, regulators, and students of finance will all profit from exercising their option to acquire this book."
-Michael Ferguson, Assistant Professor of Finance, University of Cincinnati

From the Inside Flap:

Written for financial managers who need to know how to protect company assets in today's volatile financial markets as well as for the individual investor seeking a basic understanding of these sophisticated financial instruments, Financial Derivatives explains in nontechnical terms how to use key tools such as swaps, options, and futures to manage many different kinds of risk--including bond defaults and adverse moves in interest rates, foreign exchange rates, and commodity and stock prices.

Packed with easy-to-follow illustrations, charts, and numerical examples, this comprehensive and practical guide clearly shows:

-How to use tested pricing models and strategies to take full advantage of all types of futures contracts from interest rate to treasury bond and stock index futures.

-How to properly value put and call options and employ options to hedge a company's investment portfolio or its position in a foreign currency

-How to use "plain vanilla" or more complex swaps transactions to protect against interest rate risk, reduce borrowing costs, or increase debt capacity

...plus how to apply the basic principles of financial engineering to create synthetic financial instruments tailored to a company's specific risk management needs.

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