{"product_id":"interest-rate-modeling-for-risk-management-market-price-of-interest-rate-risk-9781681081274","title":"Interest Rate Modeling for Risk Management: Market Price of Interest Rate Risk","description":"\u003cp\u003e • Author(s): Takashi Yasuoka\u003cbr\u003e • Publisher: Bentham Science Publishers\u003cbr\u003e • Publisher Imprint: Bentham Science Publishers\u003cbr\u003e • BISAC: Finance - Financial Engineering\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eInterest Rate Modeling for Risk Management addresses interest rate modeling for risk management. The interest rate model is specified under the real-world measure, and the result is used as to generate scenarios for interest rates. This type of system is referred to as 'real-world model' in this book. The book introduces a theoretical framework that allows estimating the market price of interest rate risk. For this, the book starts with a brief explanation of stochastic analysis, and introduces interest rate models such as Heath-Jarrow-Morton, Hull-White and LIBOR models. The real-world model is then introduced in subsequent chapters. Additionally, the book also explains some properties of the real-world model, along with the negative price tendency of the market price for risk and a positive market price of risk (with an example of this actually occurring). Readers will also find a handy appendix with proofs to complement the numerical methods explained in the book. This book is intended as a primer for practitioners in financial institutions involved in interest rate risk management. It also presents a new perspective for researchers and graduates in econometrics and finance on the study of interest rate models.\u003c\/p\u003e","brand":"Bentham Science Publishers","offers":[{"title":"Paperback","offer_id":45533785391255,"sku":"9781681081274","price":10151.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781681081274.webp?v=1767111965","url":"https:\/\/atlanticbooks.com\/products\/interest-rate-modeling-for-risk-management-market-price-of-interest-rate-risk-9781681081274","provider":"Atlantic Books","version":"1.0","type":"link"}