Yielding new insights into important market phenomena like asset price bubbles and trading constraints, this is the first textbook to present asset pricing theory using the martingale approach (and al
This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint and offers a self-contained critical disc
Backward stochastic differential equations (BSDEs) provide a general mathematical framework for solving pricing and risk management questions of financial derivatives. They are of growing importance f
Changing interest rates constitute one of the major risk sources for banks, insurance companies, and other financial institutions. Modeling the term-structure movements of interest rates is a challeng
金融風暴下逆勢成長的投資商品 散戶投資人保本獲利的終極指南 The ETF Strategist：Balancing Risk and Reward for Superior Returns 指數股票型基金（exchange traded funds）簡稱為ETF，是近年來發展最快與最受歡迎的投資商品，不論市場空頭或多頭，歷經各種金融動盪，ETF已經證明它的絕佳優點—交易成本低、分散風險、打敗大盤
