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Contemporary issues in quantitative finance. (English) Zbl 07681152

Routledge Advanced Texts in Economics and Finance 40. Milton Park, Abingdon: Routledge (ISBN 978-1-032-10115-6/hbk; 978-1-032-10112-5/pbk; 978-1-003-21369-7/ebook). x, 291 p. (2023).
Publisher’s description: Contemporary quantitative finance connects the abstract theory and the practical use of financial innovations, such as ultra-high-frequency trading and cryptocurrencies. It teaches students how to use cutting-edge computational techniques, mathematical tools, and statistical methodologies, with a focus on real-life applications.
The textbook opens with chapters on financial markets, global finance, and financial crises, setting the subject in its historical and international context. It then examines key topics in modern quantitative finance, including asset pricing, exchange-traded funds, Monte Carlo simulations, options, alternative investments, artificial intelligence, and big data analytics in finance. Complex theory is condensed to intuition, with appendices presenting advanced mathematical or statistical techniques. Each chapter offers Excel-based implementations, conceptual questions, quantitative problems, and a research project, giving students ample opportunity to develop their skills. Clear chapter objectives, summaries, and key terms also support student learning.
Digital supplements, including code and PowerPoint slides, are available for instructors. Assuming some prior financial education, this textbook is suited to upper-level undergraduate and postgraduate courses in quantitative finance, financial engineering, and derivatives.

MSC:

91-06 Proceedings, conferences, collections, etc. pertaining to game theory, economics, and finance
00B15 Collections of articles of miscellaneous specific interest
91G10 Portfolio theory
91G15 Financial markets
91G20 Derivative securities (option pricing, hedging, etc.)
91G30 Interest rates, asset pricing, etc. (stochastic models)
91G45 Financial networks (including contagion, systemic risk, regulation)
62P05 Applications of statistics to actuarial sciences and financial mathematics

Software:

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