Written by two of the most distinguished finance scholars in the industry, this introductory
textbook on derivatives and risk management is highly accessible in terms of the concepts as …

The purpose of this paper is twofold. First, we review the market manipulation literature in
the context of corporate finance and study its implications for financial management. Second, …

This paper models the US Treasury securities auction market and demonstrates that market
manipulation can occur in a rational equilibrium. It is a dynamic model with traders …

[Excerpt] The state of doctoral education and academic research in India is poor and the
country has scant representation among the world’s great universities. The decline has …

Credit card loans are an important component of a bank’s earnings and market value. The
valuation of credit card loan portfolios, however, has received scant attention in the literature. …

This dissertation develops an exploratory model of the US Treasury securities market (the
TSM model) under equilibrium conditions. In the model, traders participate in forward trading …

This paper shows the dangers of calibration and hedging the greeks in option pricing theory.
We focus on two problems that aren ft adequately addressed in existing textbooks. First, the …

Although the interest rate derivatives (IRDs) market is many times the size of the equity
derivatives market, many professors avoid teaching IRDs because students find the material too …

Preface, Page XXXIII, paragraph 2: Add Ronald G. Ehrenberg in the list of people thanked
Reported Page 43, Example 1, para 1, line 5: Delete “[EXTENSION 2.4]” Page 46, lines 4 and …

Page 163, para 2, line 2: Write as “… coupon) bond and an equity option whose return is…”
Page 192, line 4: Write as “… 1982 with options on US Treasury bond futures.” Page 200, …