{"product_id":"callable-mortgage-bonds-numerical-methods-and-valuation-models-for-pricing-and-risk-analysis-9783031878886","title":"Callable Mortgage Bonds: Numerical Methods and Valuation Models for Pricing and Risk Analysis","description":"\u003cp\u003e • Author(s): Niels Rom\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer\u003cbr\u003e • BISAC: Finance - Financial Risk Management\u003c\/p\u003e\u003cp\u003eCallable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often offer long-term stable investments that are very attractive for pension funds. \u003c\/p\u003e  This book focuses on the pricing and calculation of risk numbers of callable fixed-rate mortgage bonds. Owing to the, from a financial perspective, irrational behaviour of borrowers, the pricing of these instruments usually requires the use of numerical solutions. Traditionally, it has been either a Monte Carlo simulation or a Finite Difference method. This book covers both methods and, in addition, the relatively new Fourier technique. This latter technique also creates a link between the interest rate derivatives market and the market for callable mortgage bonds. Finally, a chapter presenting a model for the valuation of a mortgage credit institute's loan book is included. ","brand":"Atlantic Books","offers":[{"title":"Hardcover","offer_id":46439520174231,"sku":"9783031878886","price":5876.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783031878886.webp?v=1769111664","url":"https:\/\/atlanticbooks.com\/products\/callable-mortgage-bonds-numerical-methods-and-valuation-models-for-pricing-and-risk-analysis-9783031878886","provider":"Atlantic Books","version":"1.0","type":"link"}