This book, first published in 2000, addresses pricing and hedging derivative securities in uncertain and changing market volatility.

Building upon the ideas introduced in their previous book, Derivatives in Financial Markets with Stochastic Volatility, the authors study the pricing and hedgin

This book introduces readers to the financial markets, derivatives, structured products and how the products are modelled and implemented by practitioners. In a

Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importanc

This book gives a comprehensive introduction to the modeling of financial derivatives, covering all major asset classes (equities, commodities, interest rates a