Financial Engineering: Tools and Techniques to Manage Financial Risk - Hardcover

Galitz, Lawrence

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9780786303625: Financial Engineering: Tools and Techniques to Manage Financial Risk

Hardcover

ISBN 10: 078630362X ISBN 13: 9780786303625

Publisher: McGraw-Hill, 1995

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Written with a clear and concise style, this book provides a solid foundation of theory and a clear demonstration of effective practice. It also: covers the tools of financial engineering; defines each instrument and describes the markets in which they are traded; explains how each product is priced and hedged.

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About the Author:

Lawrence C. Galitz is Director of ACF Consultants Ltd.

From Library Journal:

The collapse of the fixed exchange rate system in the early 1970s and its replacement by floating rates created remarkable opportunities for financial innovations. Such innovations supported by recent technological breakthroughs have enabled market participants to deal effectively with the financial risks associated with currency, interest-rate, and commodity transactions. This book is unusual in treating its subject comprehensively. Galitz, a financial consultant, clearly defines and illustrates the customized derivative securities for managing financial risk. He explains the hedging schemes, pricing mechanisms, and applications of the FRAs, SAFEs, futures, forwards, currency, and interest-rate swaps and both single and multiperiod options. He also highlights how and why these instruments are built and describes the capital, foreign exchange, and commodity markets in which these products are traded. Recommended for professionals as well as advanced undergraduate and graduate classes in finance.
Ali D. Abdulla, East Carolina Univ., Greenville,
Copyright 1995 Reed Business Information, Inc.

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