Foreign exchange option symmetry:
"This book studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of the mathematical aspects of stochastic calculus as a model for such phenomena. It adopts the view that the study of fi...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore
World Scientific Pub. Co.
c1998
|
| Schlagworte: | |
| Online-Zugang: | FHN01 URL des Erstveroeffentlichers |
| Zusammenfassung: | "This book studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of the mathematical aspects of stochastic calculus as a model for such phenomena. It adopts the view that the study of financial phenomena is on the brink of a revolution similar to that of quantum physics in the 1920s. History has shown that virtually all the major revolutions in physics were made through recognizing the presence of an inherent symmetry in underlying phenomena.In this volume, a fundamental symmetry in a foreign exchange market that associates financially equivalent options on opposite sides of the market is introduced. This symmetry holds in a general foreign exchange market environment. In particular, it requires no assumptions to be made on the nature of a probability distribution for exchange rates — not even on the existence of such a distribution. The practical applications of the symmetry are significant and far reaching. They range from the detection of a new type of true arbitrage and a screen for consistency of option pricing models, to the reduction of the cost of software development. The symmetry introduced is not restricted to foreign exchange markets but is also valid for any financial markets." |
| Beschreibung: | xvii, 134 p. ill |
| ISBN: | 9789812816573 |
Internformat
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| 100 | 1 | |a Kholodnyĭ, Valery A., 1964- |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Foreign exchange option symmetry |c by Valery A. Kholodnyi and John F. Price |
| 264 | 1 | |a Singapore |b World Scientific Pub. Co. |c c1998 | |
| 300 | |a xvii, 134 p. |b ill | ||
| 336 | |b txt |2 rdacontent | ||
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| 520 | |a "This book studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of the mathematical aspects of stochastic calculus as a model for such phenomena. It adopts the view that the study of financial phenomena is on the brink of a revolution similar to that of quantum physics in the 1920s. History has shown that virtually all the major revolutions in physics were made through recognizing the presence of an inherent symmetry in underlying phenomena.In this volume, a fundamental symmetry in a foreign exchange market that associates financially equivalent options on opposite sides of the market is introduced. This symmetry holds in a general foreign exchange market environment. In particular, it requires no assumptions to be made on the nature of a probability distribution for exchange rates — not even on the existence of such a distribution. The practical applications of the symmetry are significant and far reaching. They range from the detection of a new type of true arbitrage and a screen for consistency of option pricing models, to the reduction of the cost of software development. The symmetry introduced is not restricted to foreign exchange markets but is also valid for any financial markets." | ||
| 650 | 4 | |a Foreign exchange market | |
| 650 | 4 | |a Options (Finance) | |
| 650 | 4 | |a Derivative securities | |
| 650 | 4 | |a Financial futures | |
| 650 | 4 | |a Symmetry groups | |
| 650 | 0 | 7 | |a Devisenoption |0 (DE-588)4204791-2 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
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| author | Kholodnyĭ, Valery A., 1964- |
| author_facet | Kholodnyĭ, Valery A., 1964- |
| author_role | aut |
| author_sort | Kholodnyĭ, Valery A., 1964- |
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| bvnumber | BV044636559 |
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| collection | ZDB-124-WOP |
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| dewey-full | 332.4/5 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/5 |
| dewey-search | 332.4/5 |
| dewey-sort | 3332.4 15 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV044636559 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:57:49Z |
| institution | BVB |
| isbn | 9789812816573 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030034532 |
| oclc_num | 1012707443 |
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| owner | DE-92 |
| owner_facet | DE-92 |
| physical | xvii, 134 p. ill |
| psigel | ZDB-124-WOP ZDB-124-WOP FHN_PDA_WOP |
| publishDate | 1998 |
| publishDateSearch | 1998 |
| publishDateSort | 1998 |
| publisher | World Scientific Pub. Co. |
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| spelling | Kholodnyĭ, Valery A., 1964- Verfasser aut Foreign exchange option symmetry by Valery A. Kholodnyi and John F. Price Singapore World Scientific Pub. Co. c1998 xvii, 134 p. ill txt rdacontent c rdamedia cr rdacarrier "This book studies the actual financial phenomena underlying the evaluation of financial derivatives, which is today virtually identified with and even replaced by the study of the mathematical aspects of stochastic calculus as a model for such phenomena. It adopts the view that the study of financial phenomena is on the brink of a revolution similar to that of quantum physics in the 1920s. History has shown that virtually all the major revolutions in physics were made through recognizing the presence of an inherent symmetry in underlying phenomena.In this volume, a fundamental symmetry in a foreign exchange market that associates financially equivalent options on opposite sides of the market is introduced. This symmetry holds in a general foreign exchange market environment. In particular, it requires no assumptions to be made on the nature of a probability distribution for exchange rates — not even on the existence of such a distribution. The practical applications of the symmetry are significant and far reaching. They range from the detection of a new type of true arbitrage and a screen for consistency of option pricing models, to the reduction of the cost of software development. The symmetry introduced is not restricted to foreign exchange markets but is also valid for any financial markets." Foreign exchange market Options (Finance) Derivative securities Financial futures Symmetry groups Devisenoption (DE-588)4204791-2 gnd rswk-swf Symmetriegruppe (DE-588)4184201-7 gnd rswk-swf Devisenoption (DE-588)4204791-2 s Symmetriegruppe (DE-588)4184201-7 s 1\p DE-604 Price, John F. Sonstige oth Erscheint auch als Druck-Ausgabe 9789810233624 Erscheint auch als Druck-Ausgabe 9810233620 http://www.worldscientific.com/worldscibooks/10.1142/3688#t=toc Verlag URL des Erstveroeffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Kholodnyĭ, Valery A., 1964- Foreign exchange option symmetry Foreign exchange market Options (Finance) Derivative securities Financial futures Symmetry groups Devisenoption (DE-588)4204791-2 gnd Symmetriegruppe (DE-588)4184201-7 gnd |
| subject_GND | (DE-588)4204791-2 (DE-588)4184201-7 |
| title | Foreign exchange option symmetry |
| title_auth | Foreign exchange option symmetry |
| title_exact_search | Foreign exchange option symmetry |
| title_full | Foreign exchange option symmetry by Valery A. Kholodnyi and John F. Price |
| title_fullStr | Foreign exchange option symmetry by Valery A. Kholodnyi and John F. Price |
| title_full_unstemmed | Foreign exchange option symmetry by Valery A. Kholodnyi and John F. Price |
| title_short | Foreign exchange option symmetry |
| title_sort | foreign exchange option symmetry |
| topic | Foreign exchange market Options (Finance) Derivative securities Financial futures Symmetry groups Devisenoption (DE-588)4204791-2 gnd Symmetriegruppe (DE-588)4184201-7 gnd |
| topic_facet | Foreign exchange market Options (Finance) Derivative securities Financial futures Symmetry groups Devisenoption Symmetriegruppe |
| url | http://www.worldscientific.com/worldscibooks/10.1142/3688#t=toc |
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