Author:Belal E. Baaquie

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Interest Rates and Coupon Bonds in Quantum Finance

By: Belal E. Baaquie

Price: $69.00

Publisher: New Delhi, India, Cambridge University Press: 2009

Edition: First Edition

Seller ID: 029185

ISBN: 0521889286

Condition: New


he 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 c... View more info