Interest Rates and Coupon Bonds in Quantum Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Interest Rates and Coupon Bonds in Quantum Finance write by Belal E. Baaquie. This book was released on 2009-09-17. Interest Rates and Coupon Bonds in Quantum Finance available in PDF, EPUB and Kindle. The economic crisis of 2008 has shown that the capital markets need new theoretical and mathematical concepts to describe and price financial instruments. Focusing on interest rates and coupon bonds, this book does not employ stochastic calculus – the bedrock of the present day mathematical finance – for any of the derivations. Instead, it analyzes interest rates and coupon bonds using quantum finance. The Heath-Jarrow-Morton and the Libor Market Model are generalized by realizing the forward and Libor interest rates as an imperfectly correlated quantum field. Theoretical models have been calibrated and tested using bond and interest rates market data. Building on the principles formulated in the author's previous book (Quantum Finance, Cambridge University Press, 2004) this ground-breaking book brings together a diverse collection of theoretical and mathematical interest rate models. It will interest physicists and mathematicians researching in finance, and professionals working in the finance industry.
Interest Rates and Coupon Bonds in Quantum Finance
Interest Rates and Coupon Bonds in Quantum Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Interest Rates and Coupon Bonds in Quantum Finance write by B. E. Baaquie. This book was released on 2009. Interest Rates and Coupon Bonds in Quantum Finance available in PDF, EPUB and Kindle. Summary: "The economic crisis of 2008 has shown that the capital markets need new theoretical and mathematical concepts to describe and price financial instruments. Focusing almost exclusively on interest rates and coupon bonds, this book does not employ stochastic calculus - the bedrock of the present day mathematical finance - for any of the derivations. Instead, it analyzes interest rates and coupon bonds using quantum finance. The Heath-Jarrow-Morton and the Libor Market Model are generalized by realizing the forward and Libor interest rates as an imperfectly correlated quantum field. Theoretical models have been calibrated and tested using bond and interest rates market data. Building on the principles formulated in the author's previous book (Quantum Finance, Cambridge University Press, 2004) this ground-breaking book brings together a diverse collection of theoretical and mathematical interest rate models. It will interest physicists and mathematicians researching in finance, and professionals working in the finance industry"--Provided by publisher.
Quantum Finance
Quantum Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Quantum Finance write by Belal E. Baaquie. This book was released on 2007-07-23. Quantum Finance available in PDF, EPUB and Kindle. This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange. The book can also be used as a graduate text for courses in financial physics and financial mathematics.
Quantum Field Theory for Economics and Finance
Quantum Field Theory for Economics and Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Quantum Field Theory for Economics and Finance write by B. E. Baaquie. This book was released on 2018-08-23. Quantum Field Theory for Economics and Finance available in PDF, EPUB and Kindle. This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance. Providing a range of quantum mathematical techniques for designing financial instruments, it demonstrates how a range of topics have quantum mechanical formulations, from asset pricing to interest rates.
Mathematical Methods and Quantum Mathematics for Economics and Finance
Mathematical Methods and Quantum Mathematics for Economics and Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Mathematical Methods and Quantum Mathematics for Economics and Finance write by Belal Ehsan Baaquie. This book was released on 2020-08-10. Mathematical Methods and Quantum Mathematics for Economics and Finance available in PDF, EPUB and Kindle. Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided – in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton’s theory of corporate debt are among topics analyzed using quantum mathematics.
