Financial Engineering

In the COVID 19 post-pandemic era, sustainable financial systems are increasingly getting the attention they deserve, and policymakers are now moving toward investment and financing decisions based on sustainable development. Green finance plays an...

• All the quantitative finance topics covered are either novel, or use novel techniques to examine traditional topics • Global focus throughout the text, with lots of international examples • All chapters offer: chapter synopsis and objectives; boxed...

This is an open access book under CC BY-NC-ND. This book systematically explores the statistical characteristics of cryptographic systems, the computational complexity theory of cryptographic algorithms and the mathematical principles behind various...

This concise textbook provides a unique framework to introduce Quantitative Finance to advanced undergraduate and beginning postgraduate students. Inspired by Newton's three laws of motion, three principles of Quantitative Finance are proposed to help...

Anyone with an interest in learning about the mathematical modeling of prices of financial derivatives such as bonds, futures, and options can start with this book, whereby the only mathematical prerequisite is multivariable calculus. The necessary...

Rigorous mathematical finance relies strongly on two additional fields: optimal stopping and stochastic analysis. This book is the first one which presents not only main results in the mathematical finance but also these 'related topics' with all proofs...

• All the quantitative finance topics covered are either novel, or use novel techniques to examine traditional topics • Global focus throughout the text, with lots of international examples • All chapters offer: chapter synopsis and objectives; boxed...

This book, the third one of three volumes, focuses on data and the actions around data, like storage and processing. The angle shifts over the volumes from a business-driven approach in "Disruption and DNA" to a strong technical focus in...

This book provides a comprehensive overview of the development and status of fintech in China. Occupying core position in fintech development, big data takes on stronger superiority and application value. Meanwhile, blockchain and other technological...

Employee stock options (ESOs) are an integral component of compensation in the US. In fact, almost all S&P 500 companies grant options to their top executives, and the total value accounts for almost half of the total pay for their CEOs. In view of...

Water and wastewater infrastructure are a somewhat invisible, yet critical, part of modern life. Incredibly, many buried assets have been in service for 50-100 years and are still in good condition. Conversely, other systems fail well before their...

This book, one of three volumes, showcases the effective transformation of companies providing banking and insurance services. This first volume gives a business-oriented introduction to the setting and the current challenges of fintech, regtech, and...

This book, the second one of three volumes, gives practical examples by a number of use cases showing how to take first steps in the digital journey of banks and insurance companies. The angle shifts over the volumes from a business-driven approach in...

Given the design component it involves, financial engineering should be considered equal to conventional engineering. By adopting this complementary approach, financial models can be used to identify how and why timing is critical in optimizing return on...

In today's world, we are increasingly exposed to the words 'machine learning' (ML), a term which sounds like a panacea designed to cure all problems ranging from image recognition to machine language translation. Over the past few years, ML has gradually...

Derivatives Algorithms - Volume 1: Bones (Second Edition) is for practicing quants who already have some expertise in risk-neutral pricing and in programming, and want to build a reusable and extensible library. Rather than specific models, this volume...

The Brody-Hughston-Macrina approach to information-based asset pricing introduces a new way of looking at the mechanisms determining price movements in financial markets. The resulting theory of financial informatics is applicable across a wide range of...

Financial Markets in Practice: From Post-Crisis Intermediation to FinTechs delivers an overview of the development of risk-transformation undertaken by the financial services industry from the perspective of quantitative finance. It provides an...

A step-by-step approach to the mathematical financial theory and quantitative methods needed to implement and apply state-of-the-art valuation techniques Written as an accessible and appealing introduction to financial derivatives, Elementary Financial...

The 2008 financial crisis shook the financial derivatives market to its core, revealing a failure to fully price the cost of doing business then. As a response to this, and to cope with regulatory demands for massively increased capital and other...

Every day, people around the world make financial decisions. They choose to invest in a stock, sell their holdings in a mutual fund or buy a condominium. These decisions are complex and financially tricky-even for financial professionals. But the...

This book introduces machine learning in finance and illustrates how we can use computational tools in numerical finance in real world context. These computational techniques are particularly useful in financial risk management, corporate bankruptcy...

Quest’opera si concentra sui progetti di capital budgeting, unificando la pianificazione finanziaria e l'analisi degli investimenti in un unico quadro teorico. Rivolto a professionisti, accademici e studenti della finanza e della modellazione...

Reduce financial exclusion, improve social impact, meet regulatory compliance and tap into market opportunities with Inclusive Finance. Financial institutions are under growing pressure from their customers, regulators and employees to play more active...

Reduce financial exclusion, improve social impact, meet regulatory compliance and tap into market opportunities with Inclusive Finance. Financial institutions are under growing pressure from their customers, regulators and employees to play more active...

The growth of financial complexity, technology, and big data is transforming and integrating computational statistics and data science; in their wake, it’s also changing financial engineering. This first volume introduces elements of computational...