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Chia Tan - Demystifying Exotic Products: Interest Rates, Equities and Foreign Exchange - 9780470748152 - V9780470748152
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Demystifying Exotic Products: Interest Rates, Equities and Foreign Exchange

€ 85.31
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Description for Demystifying Exotic Products: Interest Rates, Equities and Foreign Exchange Hardcover. One reason for financial crises is investors misusing and misunderstanding exotic products. Proper understanding of exotic structures might have helped. Demystifying Exotic Products contains the fundamentals on exotic products in relation to Interest rates, equity and FX exotics. Series: Wiley Finance Series. Num Pages: 272 pages, Illustrations. BIC Classification: KFFM. Category: (P) Professional & Vocational. Dimension: 250 x 168 x 19. Weight in Grams: 616.
In recent times, derivatives have been inaccurately labelled the financial weapons of mass destruction responsible for the worst financial crisis in recent history. Inherently complex and perilous for the ill-informed investment professional they can however also be gainfully harnessed.

This book is a practical guide to the complexities of exotic products written in simple terms based on the premise that derivatives are not homogenous, and not necessarily dangerous.

By exploring common themes behind the construction of various structured products in interest rates, equities and foreign exchange, and investigating the economic environment that promoted the explosive growth of these products, this book will help readers make sense of their relevance in this period of economic uncertainty. Subsequently, by explaining exotic products with simple mathematics, it will aid readers in understanding their potential use in certain investment strategies whilst having a firm control over risk.

Exotic products need not be inaccessible. By understanding the products available investors can make informed decisions ensuring features are consistent with their investment objectives and risk preferences. Author Chia Chiang Tan takes readers through the risks and rewards of each product, illustrating when products can damage investment strategies and how to avoid them, leading to suitable, profitable investments.

Ultimately, this book will provide practitioners with an understanding of derivatives, enabling them to determine for themselves which products will fit their investment strategy, and how to use them based on the economic environment and inherent risks.

Product Details

Format
Hardback
Publication date
2009
Publisher
John Wiley & Sons Inc United Kingdom
Number of pages
272
Condition
New
Series
Wiley Finance Series
Number of Pages
272
Place of Publication
New York, United States
ISBN
9780470748152
SKU
V9780470748152
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50

About Chia Tan
CHIA CHIANG TAN is currently a quantitative analyst in Global Markets at Deutsche Bank. Prior to this he has held positions at CIBC, Barclays Capital and Dresdner Kleinwort. His work has spanned a multitude of asset classes, including interest rates, equities and foreign exchange. In his various roles, he has seen first-hand how a myriad of derivatives solutions have emerged to satisfy client demands resulting from the prevailing economic environment, as well as how some of these purported solutions have at times gone badly wrong. Chia has an undergraduate degree in Mathematics from University College London and a Master of Mathematical Finance from the University of Toronto.

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