Consistency Problems for Heath-Jarrow-Morton Interest Rate Models

Name: Consistency Problems for Heath-Jarrow-Morton Interest Rate Models
Brand: Springer Nature
SKU: 9783540445487
Availability: InStock

Best Price:
Buy Consistency Problems for Heath-Jarrow-Morton Interest Rate Models for $34.99 at @ Link.springer.com
No coupon is required — this is the standard retail price.

Set a price drop alert to never miss an offer.

1 Offer Price Range: $34.99 - $34.99

BEST PRICE

Single Product Purchase

$34.99

@ Link.springer.com BUY Now

Price Comparison

Seller	Contact Seller	List Price	On Sale	Shipping	Best Promo	Final Price	Volume Discount	Financing	Availability	Seller's Page
BEST PRICE 1 Product Purchase @ Link.springer.com		$34.99	$34.99			$34.99		See Site	In stock	Visit Store

Product Details

Brand

Springer Nature

Manufacturer

N/A

Part Number

GTIN

9783540445487

Condition

New

Product Description

Bond markets differ in one fundamental aspect from standard stock markets. While the latter are built up to a finite number of trade assets, the underlying basis of a bond market is the entire term structure of interest rates: an infinite-dimensional variable which is not directly observable. On the empirical side, this necessitates curve-fitting methods for the daily estimation of the term structure. Pricing models, on the other hand, are usually built upon stochastic factors representing the term structure in a finite-dimensional state space. Written for readers with knowledge in mathematical finance (in particular interest rate theory) and elementary stochastic analysis, this research monograph has threefold aims: to bring together estimation methods and factor models for interest rates, to provide appropriate consistency conditions and to explore some important examples.

Available Colors

N/A

Available Sizes

N/A