Brazilian Derivatives and Securities: Pricing and Risk Management of FX and Interest-Rate Portfolios for Local and Global Markets
| Author | : | |
| Rating | : | 4.65 (723 Votes) |
| Asin | : | 1137477261 |
| Format Type | : | paperback |
| Number of Pages | : | 303 Pages |
| Publish Date | : | 2014-01-14 |
| Language | : | English |
DESCRIPTION:
Must-have book to understand the mysterious and elusive Brazilian derivatives products Amazon Customer Excellent discussion of Brazilian financial products. The book was written by practitioners with extensive experience in pricing, trading and risk management of many innovative (sometimes intriguing and mysterious) derivatives traded in Brazil. The book addresses details that only hands-on practitioners can rigorously explain. Essential material to master the subtleties of Brazil
Juscelino Kubitschek in 1960 to a market economy with some of the most liquid contracts in the world. A 'must-read' for a number of actors.'-Helyette Geman, Professor of Mathematical Finance, Birkbeck, University of London & Johns Hopkins University"It is interesting to witness publication of a volume on Brazilian derivatives and securities more generally. The book is interesting not only for the emphasis on Brazilian markets. Discussion of oftenoverlooked details on valuation and on curves makes it an interesting read for a potential broad audience. It is written in an engaging style while reporting relevant information and analysis, thanks also to the passionate approach of the authors.'-Professor Damiano Brigo, Chair in Mathematical Finance and Stochastic Analysis, Imperial College London'This interesting and innovative book contains everything you need to know about doing quantitative finance in Brazi
It explores the core industry investment banking business in detail, from FX to interest rates and cash and inflation. Finally it introduces the region's unique financial instruments, as well as their pricing and risk management needs.Covering both introductory and complex topics, this book provides existing practitioners in Brazil, as well as those interested in becoming involved in these markets, everything they need to understand the market dynamics, risks, pricing and calibration of curves for all products currently available.. It offers a comprehensive introduction to the key financial 'archaeology' in the Brazil context, exploring interest rates, FX and inflation and key differences from G7 market finance. The Brazilian financial markets operate in a very different way to G7 markets. Key differences include onshore and offshore markets, exponential rates, business days day-counts, and price formation from the futures markets (instead of the cash markets).This book provides a quantitative, applied guide to the offshore and onshore Brazilian markets, with a focus on the financial instruments unique to the region