Comprehensive coverage of a crucial and expanding area of finance. One of the most innovative and rapidly developing areas of international capital markets is the world of over-the-counter and tailor-made exotic derivative assets. These products are widely used by institutional fund managers to adjust and fine-tune the risk-return characteristics of their portfolios, and by investors to take very specific or relative views on the market. The active use of derivative and exotic options is revolutionizing the world of investment and risk management. In this book, Eric Briys provides a detailed and in-depth approach to this subject, including everything from the mathematical tools required to the very latest in exotic options. Eric Briys, Ph.D. (Paris, France) heads the prestigious Department of Finance and the MBA program at the HEC School of Management in France.
