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A comprehensive, concise treatment of the subject of derivatives focusing on making essential concepts accessible to wider audiences.
List of contents
List of tables, Figures and boxes; Foreword; Preface to the first edition; Preface to the second edition; Acknowledgements; Part I. Introduction: 1. Introduction; 2. Some basic concepts; Part II. Forwards and Futures: 3. Futures and forwards; 4. Futures trading: pricing and hedging; 5. Interest rate futures; 6. Currency futures; 7. Futures on equities; Part III. Swaps: 8. Swaps - Part I: interest rate and currency swaps; 9. Swaps - Part II: other swaps; Part IV. Options: 10. Options - I: introduction to options; 11. Options - II: pricing of options; 12. Options - III: equity options strategies; 13. Advanced options strategies; 14. Options - IV: real and other options; Part V. Other Derivatives and Derivative-like Instruments: 15. Other derivatives; 16. Exchange traded funds and structured products; Part VI. Accounting, Taxation and Regulatory Framework: 17. Accounting and taxation; 18. Infrastructure for derivatives trading; 19. Regulation of derivatives trading an introduction; Part VII. Portfolio Management and Management of Derivative Risks: 20. Portfolio management and derivatives; 21. Management of derivative risks; Bibliography; About the authors.
About the author
T. V. Somanathan is Additional Secretary in the Prime Minister's Office of the Government of India. He was till recently Director with the World Bank, Washington, having first joined the Bank under its Young Professionals Program and worked in the Bank in different stints as Financial Economist and Manager for Budget Policy. He is also a member of the Indian Administrative Service (IAS) and has served in a variety of policy-making positions in State and Union governments in India. He has published over 80 academic papers and newspaper articles on economics, finance and public policy. He has co-authored, with V. Anantha-Nageswaran, The Economics of Derivatives (Cambridge) which was published in 2015 to much critical acclaim.V. Anantha-Nageswaran teaches International Economics and Financial Markets at the Singapore Management University, at Indian Institute of Management, Bangalore and Indore and at the SP Jain Center for Management in Singapore. He has authored Policy Studies on the feasibility of a free trade agreement between India and China, on the financial systems of India and China and a policy brief on the recommendations of the Financial Sector Legislative Reforms Commission (India) for the Takshashila Institution. He is the author, with T. V.Somanathan, of The Economics of Derivatives (Cambridge, 2015).Harsh Gupta is chief investment officer at Ashika Investement Managers in Mumbai, India. He has an M.B.A (INSEAD), B.A. Economics (Dartmouth) and is a Chartered Financial Analyst and Financial Risk Manager. He has worked as a management consultant at Bain and Company in London and Houston, and for Massachusetts Institute of Technology Poverty Action Lab as a Research Associate. He writes about policy issues for Mint.
Summary
Provides a comprehensive, concise treatment of the subject of derivatives and focuses on making essential concepts accessible to a wider audience. Describes and explains various derivative instruments, their use and pricing, and the functioning of derivative markets. Uses examples to elucidate concepts and illustrate their real-life application.
