Commodities and Commodity Derivatives: Modeling and Pricing by Helyette Geman

By Helyette Geman

the previous few years were a watershed for the commodities, money and derivatives undefined. New laws and items have resulted in an explosion within the commodities markets, making a new asset for traders that comes with hedge money in addition to collage endowments, and has ended in a striking progress in spot and spinoff buying and selling.

This booklet covers tough and smooth commodities (energy, agriculture and metals) and analyses:

  • Economic and geopolitical concerns in commodities markets
  • Commodity fee and quantity risk
  • Stochastic modelling of commodity spot costs and ahead curves
  • Real techniques valuation and hedging of actual resources within the power industry

It is needed analyzing for strength businesses and utilities practitioners, commodity funds and derivatives investors in funding banks, the Agrifood company, Commodity buying and selling Advisors (CTAs) and Hedge Funds.

In Commodities and Commodity Derivatives, Hélyette Geman indicates her robust command of the topic through combining a rigorous improvement of its mathematical modelling with a compact institutional presentation of the arcane features of commodities that makes the complicated research of commodities spinoff securities available to either the tutorial and practitioner who desires a deep origin and a breadth of alternative marketplace functions. it's destined to be a "must have" at the subject.”
—Robert Merton, Professor, Harvard enterprise School

"A marvelously accomplished booklet of curiosity to lecturers and practitioners alike, via one of many world's top-rated specialists within the field."
—Oldrich Vasicek, founder, KMV

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