|||"This book is a refreshing and quality treatment of the subject on derivatives and their application in corporate risk management using an economic theoretic framework. The many relevant industry examples in the book provide for palatable reading."|--Kian-Gua
Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, Risk Management, Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivati...
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