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Fixed Income Modelling - Claus Munk - Bog - Oxford University Press - Plusbog.dk

Fixed Income Modelling - Claus Munk - Bog - Oxford University Press - Plusbog.dk

Fixed Income Modelling offers a unified presentation of dynamic term structure models and their applications to the pricing and risk management of fixed income securities. It explains the basic fixed income securities and their properties and uses as well as the relations between those securities. The book presents and compares the classical affine models, Heath-Jarrow-Morton models, and LIBOR market models, and demonstrates how to apply those models for the pricing of various widely traded fixed income securities. It offers a balanced presentation with both formal mathematical modelling and economic intuition and understanding. The book has a number of distinctive features including a thorough and accessible introduction to stochastic processes and the stochastic calculus needed for the modern financial modelling approach used in the book, as well as a separate chapter that explains how the term structure of interest rates relates to macro-economic variables and to what extent the concrete interest rate models are founded in general economic theory. The book focuses on the most widely used models and the main fixed income securities, instead of trying to cover all the many specialized models and the countless exotic real-life products. The in-depth explanation of the main pricing principles, techniques, and models as well as their application to the most important types of securities will enable the reader to understand and apply other models and price other securities. The book includes chapters on interest rate risk management, credit risk, mortgage-backed securities, and relevant numerical techniques. Each chapter concludes with a number of exercises of varying complexity. Suitable for MSc students specializing in finance and economics, quantitatively oriented MBA students, and first- or second-year PhD students, this book will also be a useful reference for researchers and finance professionals and can be used in specialized courses on fixed income or broader courses on derivatives.

DKK 518.00
1

Animal Evolution - Claus (professor Emeritus Nielsen - Bog - Oxford University Press - Plusbog.dk

Modern Thermodynamics for Chemists and Biochemists - Paul (professor Of Biochemical Engineering And Biotechnology Dalby - Bog - Oxford University

Modern Thermodynamics for Chemists and Biochemists - Paul (professor Of Biochemical Engineering And Biotechnology Dalby - Bog - Oxford University

Thermodynamics is fundamental to university and college curricula in chemistry, physics, engineering and many life sciences around the world. It is also notoriously difficult for students to understand, learn and apply. What makes this book different, and special, is the clarity of the text. The writing style is fluid, natural and lucid, and everything is explained in a logical and transparent manner. Thermodynamics is a deep, and important, branch of science, and this book does not make it "easy". But it does make it intelligible.This book introduces a new, ''Fourth Law'' of Thermodynamics'' based on the notion of Gibbs free energy, which underpins almost every application of thermodynamics and which the authors claim is worthy of recognition as a ''law''. The last four chapters bring thermodynamics into the twenty-first century, dealing with bioenergetics (how living systems capture and use free energy), macromolecule assembly (how proteins fold), and macromolecular aggregation (how, for example, virus capsids assemble). This is of great current relevance to students of biochemistry, biochemical engineering and pharmacy, and is covered in very few other texts on thermodynamics. The book also contains many novel and effective examples, such as the explanation of why friction is irreversible, the proof of the depression of the freezing point, and the explanation of the biochemical standard state.

DKK 608.00
1

Financial Asset Pricing Theory - Claus (professor Of Finance Munk - Bog - Oxford University Press - Plusbog.dk

Financial Asset Pricing Theory - Claus (professor Of Finance Munk - Bog - Oxford University Press - Plusbog.dk

Financial Asset Pricing Theory offers a comprehensive overview of the classic and the current research in theoretical asset pricing. Asset pricing is developed around the concept of a state-price deflator which relates the price of any asset to its future (risky) dividends and thus incorporates how to adjust for both time and risk in asset valuation. The willingness of any utility-maximizing investor to shift consumption over time defines a state-price deflator which provides a link between optimal consumption and asset prices that leads to the Consumption-based Capital Asset Pricing Model (CCAPM). A simple version of the CCAPM cannot explain various stylized asset pricing facts, but these asset pricing ''puzzles'' can be resolved by a number of recent extensions involving habit formation, recursive utility, multiple consumption goods, and long-run consumption risks. Other valuation techniques and modelling approaches (such as factor models, term structure models, risk-neutral valuation, and option pricing models) are explained and related to state-price deflators. The book will serve as a textbook for an advanced course in theoretical financial economics in a PhD or a quantitative Master of Science program. It will also be a useful reference book for researchers and finance professionals. The presentation in the book balances formal mathematical modelling and economic intuition and understanding. Both discrete-time and continuous-time models are covered. The necessary concepts and techniques concerning stochastic processes are carefully explained in a separate chapter so that only limited previous exposure to dynamic finance models is required.

DKK 542.00
1

Christmas in America - Penne Lee Restad - Bog - Oxford University Press - Plusbog.dk

The Night Before Christmas - Clement Moore - Bog - Oxford University Press - Plusbog.dk

The Age of Atonement - Boyd Hilton - Bog - Oxford University Press - Plusbog.dk

The Oxford Handbook of Christmas - - Bog - Oxford University Press - Plusbog.dk

The Oxford Handbook of Christmas - - Bog - Oxford University Press - Plusbog.dk

The Oxford Handbook of Christmas provides a comprehensive, interdisciplinary account of all aspects of Christmas across the globe, from the specifically religious to the purely cultural. The contributions are drawn from a distinguished group of international experts from across numerous disciplines, including literary scholars, theologians, historians, biblical scholars, sociologists, anthropologists, art historians, and legal experts. The volume provides authoritative treatments of a range of topics, from the origins of Christmas to the present; decorating trees to eating plum pudding; from the Bible to contemporary worship; from carols to cinema; from the Nativity Story to Santa Claus; from Bethlehem to Japan; from Catholics to Baptists; from secularism to consumerism.Christmas is the biggest celebration on the planet. Every year, a significant percentage of the world''s population is drawn to this holiday—from Cape Cod to Cape Town, from South America to South Korea, and on and on across the globe. The Christmas season takes up a significant part of the entire year. For many countries, the holiday is a major force in their national economy. Moreover, Christmas is not just a modern holiday, but has been an important feast for most Christians since the fourth century and a dominant event in many cultures and countries for over a millennium. The Oxford Handbook of Christmas provides an invaluable reference point for anyone interested in this global phenomenon.

DKK 476.00
1

The Meaning of Life - Terry Eagleton - Bog - Oxford University Press - Plusbog.dk

The Meaning of Life - Terry Eagleton - Bog - Oxford University Press - Plusbog.dk

''Philosophers have an infuriating habit of analysing questions rather than answering them'', writes Terry Eagleton, who, in these pages, asks the most important question any of us ever ask, and attempts to answer it.So what is the meaning of life? In this witty, spirited, and stimulating inquiry, Eagleton shows how centuries of thinkers - from Shakespeare and Schopenhauer to Marx, Sartre and Beckett - have tackled the question. Refusing to settle for the bland and boring, Eagleton reveals with a mixture of humour and intellectual rigour how the question has become particularly problematic in modern times. Instead of addressing it head-on, we take refuge from the feelings of ''meaninglessness'' in our lives by filling them with a multitude of different things: from football and sex, to New Age religions and fundamentalism. ''Many of the readers of this book are likely to be as sceptical of the phrase "the meaning of life" as they are of Santa Claus'', he writes. But Eagleton contends that in a world where we need to find common meanings, it is important that we set about answering the question of all questions; and, in conclusion, he suggests his own answer.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

DKK 119.00
1