Mathematical Methods for Foreign Exchange: A Financial Engineer's Approach

Book Description

This comprehensive book presents a systematic and practically oriented approach to mathematical modeling in finance, particularly in the foreign exchange context. It describes all the relevant aspects of financial engineering, including derivative pricing, in detail. The book is self-contained, with the necessary mathematical, economic, and trading background carefully explained. In addition to the lucid treatment of the standard material, it describes many original results.

The book can be used both as a text for students of financial engineering, and as a basic reference for risk managers, traders, and academics.

Customer Reviews:

State of the Art.......2003-01-11

I own pretty much all of the books on quantitative finance
and this one holds a cherished place on my bookshelf.
Anybody either working as a quant or with aspirations to become one should dust off some space on their bookshelf as well.
Anybody who does serious research in finance in either academia or industry already knows that it is somewhat rare for top researchers to pen books of any length. Time is at a premium and the payoff to publishing journal articles or to finishing off code is typically much greater than it is for writing books.

This is what distinguishes this book from its competitors.
The author is well known in financial circles as one of a handful of quants who is capable of meaningfully contributing new results to this fascinating field. The book contains many results which cannot be found elsewhere in the public domain.
Although the book title suggests that the results apply only to
foreign exchange, it is straightforward to adapt the results to

equities, commodities, and many other underlyings.

Wall Street is a very secretive place and it is not easy to get a glimpse of the kind of things that consume a quant's time.
I suspect that the only reason that this book was able to come to light is due to the acquisition of Banker's Trust, the author's former employer. Banker's was well known to be a fertile training ground for the best derivative minds and this book should prove to be a lasting legacy to that view.

An excellent addition to any quants library.......2002-11-10

Alexander Lipton Lifschitz has brought his extensive
experience and years of research in the most diverse areas
of applied mathematics as well as his experience
in the financial industry to bear in authoring this
very interesting book.

The range of this book is impressive.
Although the author chose to focus on currency
options, his book really is a treatise on
a wide spectrum of problems and methodologies
which any quant wishing to tackle the
sophisticated world of option pricing at a high level
must master.

The author demonstrates his mastery of
the arsenal of the classic applied mathematician,
asymptotic analysis, self-similarity, Laplace
and Fourier transform, and uses these to give an
incisive analysis of both standard topics
such as American options and more exotic topics
such as options on one currency with
barriers on the other currency, passport
options (for which he was a pioneer in developping
pricing tools) , asian options and much much more.

No, this is not as easy a read as Willmott's
books. Willmott's books were and remain
an important contribution with their
quick and intuitive explanation of a variety
of instruments. Lipton- Lifschitz's
book is more challenging and the reader will
have to pull up his sleeves on
occasions where the author, while dealing
with a case analogous to one just treated
says " the details are left to the reader".
But let's face it, if you work on Wall Street
or nearby, you'll have to tackle those details
alone at some point and Lipton-Lifschitz
gives you all you need to know to do
pull this off.

And. last but not least, let's not forget the price. At less than 50$ thisbook is a real bargain and for a first
printing, unusually free of typos or others
errors.

I highly recommend you buy this book now before the publisher
doubles the price.

A Book That Was Long Overdue.......2002-05-14

Most of the books on mathematical finance fall in one of the two domains. Some books are written for people who are new to the field and, as such, do not go deeply into the mathematical details that are crucial for implementing these methods in practice. The more advanced books are usually written by academic mathematicians and sometimes suffer from poor readability and lack of awareness of relevant problems. What many people are looking for is a detailed and readable description of how to apply the latest mathematical methods to solving the problems appearing in day-to-day work of derivatives desks. Such books are few and far between: that is why Alex Lipton's manuscript was so welcome.

As a quant in one of the Wall Street investment banks, I found this book a very valuable resource. Though written on a fairly high level, this book remains a readable and consistent exposition of latest methods of foreign exchange modeling. I particularly appreciated that the author does not skip steps in his derivations and gives out all those little practical details that are so important to people planning to use these methods in their work. The range of topics covered is fairly wide, with main emphasis on derivative pricing. I found the two chapters on path-dependent options to be particularly interesting and extensive. Some of the results included in the book came out of author's original work at Deutsche Bank. I also had an impression that some of his latest work was not included in the book, which is a pity.

All in all, an excellent book. Well worth the price.

Average customer rating:
Business and Personal Finance, Student Activity Workbook
McGraw-Hill
Manufacturer: Glencoe/McGraw-Hill
ProductGroup: Book
Binding: Paperback

General | Personal Finance | Business & Investing | Subjects | Books
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ASIN: 0078741211

Book Description

The Student Activity Workbook is designed to reinforce student learning with hands-on activities correlated to chapter content.

Personal Finance, Student Activity Workbook

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Personal Finance, Student Activity Workbook
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Manufacturer: Glencoe/McGraw-Hill
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Business and Personal Finance - Student Activity Workbook - Teacher's Annotated Edition

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Business and Personal Finance - Student Activity Workbook - Teacher's Annotated Edition
Glencoe Pub.
Manufacturer: Glencoe/McGraw Hill
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ASIN: 0078616352

Business and Personal Law Student Activity Workbook

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Business and Personal Law Student Activity Workbook
McGraw-Hill
Manufacturer: Glencoe/McGraw-Hill
ProductGroup: Book
Binding: Paperback

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ASIN: 0078779448

Book Description

Since 1973, Storey's Country Wisdom Bulletins have offered practical, hands-on instructions designed to help readers master dozens of country living skills quickly and easily. There are now more than 170 titles in this series, and their remarkable popularity reflects the common desire of country and city dwellers alike to cultivate personal independence in everyday life.

Life's Little Rhubarb Cookbook: 101 Rhubarb Recipes (Cooking at Its Best from Avery Color Studios)

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Easy and Tasty

Life's Little Rhubarb Cookbook: 101 Rhubarb Recipes (Cooking at Its Best from Avery Color Studios)
Joan Bestwick
Manufacturer: Avery Color Studios
ProductGroup: Book
Binding: Paperback

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Amazon.com

"Rhubarb, rhubarb, rhubarb" was what crowds in a Hollywood movie muttered when stewing about something. Life's Little Rhubarb Cookbook will make you want to stew, too--and cook up rhubarb in dozens of other ways, as well. Besides offering recipes for pies and a host of other old-fashioned desserts, Joan Bestwick shows how to serve rhubarb from breakfast to dinner--before dessert. She offers cinnamony muffins with a dollop of peach and rhubarb filling in the center, easy Rhubarb Chutney to serve with cottage cheese at lunch, refreshing Rhubarb and Lemon Punch sweetened with pineapple juice, and for a midafternoon treat, a "pizza" of rhubarb puree on a flattened pie crust dotted with strawberry "pepperoni," dried black cherry "olives," and a shower of grated white chocolate "cheese."

Famous chefs have paired rhubarb with chicken, fish, and meats in savory dishes. Bestwick proves how well this works in a baked chicken casserole that may inspire you to try rhubarb in other main courses. And, understanding that today time is as precious as calories, Bestwick's dishes generally require around 30 minutes of preparation and call for 5 or less ingredients. The salads in this slim volume are colorful, sparkling, and easy gelatin molds. Set one a buffet table or put it out at a potluck and watch confirmed food snobs find it irresistible. --Dana Jacobi

Customer Reviews:

Easy and Tasty.......2000-04-27

Rhubarb Jam - Cook 2 quarts chopped rhubarb and and 6 cups sugar until thick. Pour into sterile jars and seal. And that's not even the easiest recipe! Every one I've tried has been just delicious. This is one of those cookbooks that's destined to be dog-eared and splattered.

Kedgeree and Rhubarb Crumble: Recipes from a Cosmopolitan Childhood

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Kedgeree and Rhubarb Crumble: Recipes from a Cosmopolitan Childhood
Jehan S. Rajab
Manufacturer: I. B. Tauris
ProductGroup: Book
Binding: Hardcover

General | Biographies & Memoirs | Subjects | Books

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ASIN: 1860645496

Book Description

Jehan S. Rajab has produced an enchanting portrait of domestic life and cooking based on memories from a vanished world. As her parents moved from Brazil to Jamaica to the Cape Verde Islands to Portugal and on to Gibraltar, she observed her mother’s culinary skills and has here collected the English colonial recipes for the dishes prepared by her mother. Her story--with the recipes she gathers along the way--follows her mother’s passage through various imperial outposts. It ends with their evacuation from the Cape Verde Islands to wartime Britain. In this charming account, Rajab has combined her mother’s recipes with the chronicle of a childhood from a forgotten world.

Average customer rating:

Outstanding Recipes!!
yummy!

Rhubarb Recipes
Jeanne Demars
Manufacturer: Apple Blossom Books
ProductGroup: Book
Binding: Spiral-bound

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ASIN: 0962776645

Customer Reviews:

Outstanding Recipes!!.......2004-05-14

This is one of the most fun cookbooks I own. Jeanne has compiled a copy of every imaginable Rhubarb recipe! I haven't tried any that were not wonderful! My favorite is the Crustless Rhubarb Custard Pie! What a lifetime it would take to collect all of these tried and true recipes! I absolutely love my book and have given it as a gift to a friend, who loves it as much! If you like rhubard, you will LOVE this book, and even if you don't, you might change your mind after trying some of these recipes!!

yummy!.......1999-11-03

This cookbook contains ever possible use for the green leafy things that everyone has a patch of in their backyard. I grew up on these recipes and I highly recommend this book of delicious treats. Although I may be a little biased being the son of the author.

Average customer rating:

Taste of Home's Garden-Fresh Recipes

Manufacturer: Reiman Media Group, Inc.
ProductGroup: Book
Binding: Hardcover
ASIN: 0898214238

Product Description

211 fresh ideas ripe for the picking! Inside, you'll find a basket full of garden-fresh recipes putting tomatoes, corn, asparagus, rhubarb, peppers, squash, apples, carrots, potatoes, berries and more to fabulous use! -from the cover

Belly up to the tasty, saucy rhubarb bar.(Recipe Swap)(Recipe): An article from: Winnipeg Free Press

Average customer rating:

Belly up to the tasty, saucy rhubarb bar.(Recipe Swap)(Recipe): An article from: Winnipeg Free Press
Gale Reference Team
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital
ASIN: B000TXACCY
Release Date: 2007-07-18

Book Description

This digital document is an article from Winnipeg Free Press, published by Thomson Gale on July 18, 2007. The length of the article is 1252 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Belly up to the tasty, saucy rhubarb bar.(Recipe Swap)(Recipe)
Author: Gale Reference Team
Publication: Winnipeg Free Press (Magazine/Journal)
Date: July 18, 2007
Publisher: Thomson Gale
Page: d5

Article Type: Recipe

Distributed by Thomson Gale

Rhubarb cake among seasonal delights.(Recipe Swap)(Recipe): An article from: Winnipeg Free Press

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Rhubarb cake among seasonal delights.(Recipe Swap)(Recipe): An article from: Winnipeg Free Press
Gale Reference Team
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital
ASIN: B000TJ0CUA
Release Date: 2007-07-11

Book Description

This digital document is an article from Winnipeg Free Press, published by Thomson Gale on July 11, 2007. The length of the article is 912 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Rhubarb cake among seasonal delights.(Recipe Swap)(Recipe)
Author: Gale Reference Team
Publication: Winnipeg Free Press (Magazine/Journal)
Date: July 11, 2007
Publisher: Thomson Gale
Page: d5

Article Type: Recipe

Distributed by Thomson Gale

Rhubarb Delights Cookbook: A Collection of Rhubarb Recipes

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Rhubarb Delights Cookbook: A Collection of Rhubarb Recipes
Karen Jean Matsko Hood
Manufacturer: Whispering Pines Press, Inc.
ProductGroup: Book
Binding: CD-ROM

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ASIN: 159808108X

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Delicious rhubarb is versatile, nutritious, and always adds a special flair to many dishes, whether used in cakes, pies and breads, in preserves, as a salad ingredient, in wines or brandies, or any number of other imaginative ways. In Rhubarb Delights Cookbook, author Karen Jean Matsko Hood presents her collection of more than 250 exciting rhubarb recipes that will be sure to please everyone. Inside, you will also find some fascinating reading regarding this beloved vegetable s history, folklore, cultivation, and much more. With recipes using readily available ingredients, Rhubarb Delights Cookbook will be a valued addition to any chef s bookshelf. Please visit our website at www.whisperingpinepress.com. 6x9, 320 pp., featuring a durable, full-color cover in a variety of bindings. Whispering Pine Press, Inc. © 2007.

Tart Rhubarb may benefit bones and eyes.(EN on Foods): An article from: Environmental Nutrition

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Tart Rhubarb may benefit bones and eyes.(EN on Foods): An article from: Environmental Nutrition
Anastasia Schepers
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital
ASIN: B000VXR428
Release Date: 2007-09-11

Book Description

This digital document is an article from Environmental Nutrition, published by Thomson Gale on May 1, 2007. The length of the article is 652 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Tart Rhubarb may benefit bones and eyes.(EN on Foods)
Author: Anastasia Schepers
Publication: Environmental Nutrition (Magazine/Journal)
Date: May 1, 2007
Publisher: Thomson Gale
Volume: 30 Issue: 5 Page: 8

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Waiting for spring ... and asparagus and rhubarb. (includes recipes): An article from: Countryside & Small Stock Journal

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Waiting for spring ... and asparagus and rhubarb. (includes recipes): An article from: Countryside & Small Stock Journal
Loretta Baughan
Manufacturer: Countryside Publications Ltd.
ProductGroup: Book
Binding: Digital

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Book Description

This digital document is an article from Countryside & Small Stock Journal, published by Countryside Publications Ltd. on May 1, 1993. The length of the article is 436 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Spring means the end of dark winter days and the return of asparagus and rhubarb to the garden. A homesteader shares her joy at the return of spring and recipes.

Citation Details
Title: Waiting for spring ... and asparagus and rhubarb. (includes recipes)
Author: Loretta Baughan
Publication: Countryside & Small Stock Journal (Magazine/Journal)
Date: May 1, 1993
Publisher: Countryside Publications Ltd.
Volume: v77 Issue: n3 Page: p13(1)

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Book Description

Do our genes determine our behavior? Do education and environment have any influence at all? Do humans occupy a unique position in evolution? To clarify these provoking questions, the author takes the reader on an ambitious and entertaining journey through a variety of scientific disciplines. In doing so, he creates an image of human evolution that says that our entire individual knowledge is determined - to the smallest detail - by phylogeny. " ... before shocked humanists discard such radical theses as mere nonsense, they should not completely close their minds to the explanations of a biologist who says that we still know very little about the genetic determination of human behavior and that the invariance of many forms of behavior present in all cultures nourish the suspicion that the determining role of genes is probably far more comprehensive than we have ever dreamed."
Wolfgang Wieser, translated from his review in "Merkur" (Sept./Oct. 1999)

Customer Reviews:

For fans of Richard Dawkins..........2004-06-02

I have just begun to read this book and am delighted to find it extends the logical implications I found so right in Richard Dawkins' work.

If you're interested in a little extraordinary illumination about the phenomenon of the genome in the cosmos, then please have a look at what's presented here.

I will update this review upon further investigation, but I didn't want to leave this page without some well-deserved positive feedback.

Not only does this book have extraordinary philosophical implications, but it is complementary with the rich store of biological information available through the Konrad Lorenz Institute website.

Average customer rating:
Of genes and genomes: where is the science of life taking us?(An Intelligent Person's Guide to Genetics)(Book Review): An article from: The Weekly Standard
Christine Rosen
Manufacturer: News America Incorporated
ProductGroup: Book
Binding: Digital

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ASIN: B000ALT8DO
Release Date: 2005-07-25

Book Description

This digital document is an article from The Weekly Standard, published by News America Incorporated on June 13, 2005. The length of the article is 1852 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Of genes and genomes: where is the science of life taking us?(An Intelligent Person's Guide to Genetics)(Book Review)
Author: Christine Rosen
Publication: The Weekly Standard (Magazine/Journal)
Date: June 13, 2005
Publisher: News America Incorporated
Volume: 10 Issue: 37 Page: 31(3)

Article Type: Book Review

Distributed by Thomson Gale

Book Description

This encyclopedia, which constitutes a wide ranging and authoritative collection of academic articles, covers the sedimentological aspects of sediments and sedimentary rocks. As such it provides a comprehensive, one-volume reference work for students and faculty in universities, and for professionals in geology and allied disciplines (geography, engineering, environmental studies), as well as informed lay readers.

Encyclopedia of Sediments and Sedimentary Rocks.(Book Review): An article from: Geoscience Canada

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Encyclopedia of Sediments and Sedimentary Rocks.(Book Review): An article from: Geoscience Canada
Robert B. MacNaughton , Benoit Beauchamp , Keith Dewing , I. Rod Smith , Nick Wilson , and John-Paul Zonneveld
Manufacturer: Thomson Gale
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Book Description

This digital document is an article from Geoscience Canada, published by Thomson Gale on September 1, 2005. The length of the article is 1703 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Encyclopedia of Sediments and Sedimentary Rocks.(Book Review)
Author: Robert B. MacNaughton
Publication: Geoscience Canada (Magazine/Journal)
Date: September 1, 2005
Publisher: Thomson Gale
Volume: 32 Issue: 3 Page: 139(2)

Article Type: Book Review

Distributed by Thomson Gale

Book Description

This monograph contains all major achievements and future insights in the field of optical communication systems. It covers the molecular design and synthesis of new organic compounds, processing, processing of materials and their characterization due to novel techniques, device fabrications and assessment of optical devices in display and information processing.

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This book is based on religion

Silly Salad: A Collection of Ice-Breakers, Games, and Original Skits
Amy K. Bond
Manufacturer: iUniverse
ProductGroup: Book
Binding: Paperback

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ASIN: 0595278574

Book Description

Do you have Silly Salad in your back pocket?

Silly Salad is a collection of skits, games and ice-breakers that have all been tested on a live audience and have not just proven to be educational, but down right hilarious. Commercials ranging from a specialized pillow that provides comfort to the chafed backside of indecisive individuals (The Fence-Sitters Fanny-Pad) to a pair of glasses that hinder lustful thoughts (The Sin-no-more Spectacles), will provide easy and comical introductions to deeper discussions. Skits involving pirates who discuss hope while in a hopeless situation (Clive the Hopeful Pirate), and a television talk show host who is quick to deliver a spanking (Morals Over Coffee with Dr. Meredith Stein), are just a few of the many diverse and colorful characters you will also meet. Each commercial and skit is complete with a list of corresponding scripture verses as well as a prop list and character analysis to aid in the production and discussion of the material.

If you have Silly Salad in your back pocket, youÂ'll have what it takes to entertain and teach any tough crowd of teens. No youth leader should be without it.

Customer Reviews:

This book is based on religion.......2006-01-07

I was unable to use any of the suggestions in this book for a team-building event at work because most of the book is religious. I was very disappointed.

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