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Zusatztext I enjoyed reading the book. Claus Munk manages to present many demanding topics in a very clear and understandable way. The book is well suited as a textbook on fixed income for advanced finance students. I also recommend reading to researchers and finance professionals. Informationen zum Autor Claus Munk holds a PhD in Economics (1997) and an MSc in Mathematics-Economics (1993) from the University of Southern Denmark, where he also served as Assistant, Associate, and full Professor in the period 1996-2008. His primary research areas are financial derivatives, asset allocation, general asset pricing theory, and the application of numerical methods in finance. His research has been published in journals such as Journal of Financial Economics, Review of Derivatives Research, Journal of Banking and Finance, European Finance Review, and Journal of Economic Dynamics and Control. Klappentext A large number of securities related to various interest rates are traded in financial markets. Traders and analysts in the financial industry apply models based on economics, mathematics and probability theory to compute reasonable prices and risk measures for these securities. This book offers a unified presentation of such models and securities. I enjoyed reading the book. Claus Munk manages to present many demanding topics in a very clear and understandable way. The book is well suited as a textbook on fixed income for advanced finance students. I also recommend reading to researchers and finance professionals. Antje Mahayni, Journal of Economics October 2012, Volume 107, Issue 2, pp 195-197 Zusammenfassung A large number of securities related to various interest rates are traded in financial markets. Traders and analysts in the financial industry apply models based on economics, mathematics and probability theory to compute reasonable prices and risk measures for these securities. This book offers a unified presentation of such models and securities. Inhaltsverzeichnis Preface 1: Introduction and overview 2: Extracting Yield Curves from Bond Prices 3: Stochastic Processes and Stochastic Calculus 4: A Review of General Asset Pricing Theory 5: The Economics of the Term Structure of Interest Rates 6: Fixed Income Securities 7: One-factor Diffusion Models 8: Multi-factor Diffusion Models 9: Calibration of Diffusion Models 10: Heath-Jarrow-Morton Models 11: Market models 12: The Measurement and Management of Interest Rate Risk 13: Defaultable Bonds and Credit Derivatives 14: Mortgages and Mortgage-backed Securities 15: Stock and Currency Derivatives when Interest Rates are Stochastic 16: Numerical Techniques Appendix: Results on the Lognormal Distribution ...
