Risk management and financial derivatives : a guide to the mathematics

Modern financial management entails an appreciation of a number of key mathematical concepts.

This is particularly relevant to risk and risk management products, such as derivatives.

The central role played by these products in capital markets is forcing an ever broader range of personnel to be aware of and utilize these concepts either from a supervisory perspective or in their day to day activities.

This text explains the mathematical basis of risk and derivatives in a non technical manner to allow non (maths) specialists to gain an appreciation of the concepts that are utilized.

The book looks at the basic mathematics underlying risk and risk management products and the applications of these techniques to a number of common settings.

This should allow understanding to be gained about concepts actually used.