Derivatives: Theory and Practice

Three experts provide an authoritative guide to the theory and practice of derivatives

Derivatives: Theory and Practice and its companion website explore the practical uses of derivatives and offer a guide to the key results on pricing, hedging and speculation using derivative securities. The book links the theoretical and practical aspects of derivatives in one volume whilst keeping mathematics and statistics to a minimum. Throughout the book, the authors put the focus on explanations and applications.

Designed as an engaging resource, the book contains commentaries that make serious points in a lighthearted manner. The authors examine the real world of derivatives finance and include discussions on a wide range of topics such as the use of derivatives by hedge funds and the application of strip and stack hedges by corporates, while providing an analysis of how risky the stock market can be for long-term investors, and more.

To enhance learning, each chapter contains learning objectives, worked examples, details of relevant finance blogs technical appendices and exercises.

KEITH CUTHBERTSON is professor of Finance at CASS Business School, City, University of London. He has worked at H.M.Treasury, Bank of England, National Institute of Economic and Social Research NIESR and at business schools at Imperial College London and the University of Newcastle.

DIRK NITZSCHE is Senior Lecturer in Finance, Course Director for the Quants Masters Programmes, and Associate Dean for International Relations at CASS Business School, City, University of London.

NIALL O' SULLIVAN is professor of economics at Cork University Business School, University College Cork and former adjunct lecturer at Dublin City University Business School.