
外匯期權價值:加入購買力平價因素,第二版 - David W. K. Yeung and Michael Tow Cheung - Bookniverse
外匯期權價值:加入購買力平價因素,第二版
David W. K. Yeung and Michael Tow Cheung
US $9.00
Sun Feb 01 1998 00:00:00 GMT+0000 (Coordinated Universal Time)
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9789882202535
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PDF
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香港大學出版社
About this book
View more商業理財 > 投資理財
This book develops a new and interesting approach to the valuation of foreign exchange options. The authors synthesise international monetary theory with the Samuelson-Black-Scholes insight that assets prices follow diffusion processes, and obtain a system of stochastic differential equations to model exchange rate dynamics under the influence of purchasing power parity. An exact formula to price foreign currency options is obtained, which incorporates the influence of its purchasing power parity. The book is essential to advanced undergraduate and graduate students who wish to learn about the modern theory of foreign exchange options. Since its results are completely operational, the book will also prove to be invaluable for practitioners in the financial markets.
About the author(s)
View moreDavid W. K. Yeung and Michael Tow Cheung
David W.K. Yeung received his Ph.D. from York University. He has been a visiting assistant professor at Queen s University, assistant professor at York University, associate professor at the University of Windsor, and senior fellow and senior lecturer at the National University of Singapore. He is currently an associate professor at the School of Economics and Finance, the University of Hong Kong. He has published over fifty academic articles on economics, finance and operations research. He is also the editor of International Game Theory Review.
Michael Tow Cheung received his Ph.D. from the London School of Economics, University of London. He has been a Nuffield Fellow, Research Fellow at the Centre for Banking and International Finance, City University (London), visiting associate professor at Simon Fraser University, and visiting senior fellow at Nanyang Technological University Business School. He is currently an associate professor at the School of Economics and Finance, the University of Hong Kong, and assistant editor of Asian Economic Journal
About the publisher
View more香港大學出版社成立於1956年,隸屬於亞洲最具影響力的英語學府——香港大學。出版社每年出版逾三十種新書,且中文書的比例持續增加,現已超過四分之一。憑藉香港獨特的國際地位,香港大學出版社的書籍深入探討、審視並彰顯亞洲在世界中的角色。我們在中國歷史與文化、法律、公共衛生、社會工作、電影與媒體研究、藝術,以及建築與城市規劃等領域的出版物尤為享有盛譽。
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