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Finance, Economics, and Mathematics
book

Finance, Economics, and Mathematics

by Oldrich A. Vasicek, Robert C. Merton
December 2015
Intermediate to advanced
368 pages
8h 7m
English
Wiley
Content preview from Finance, Economics, and Mathematics

Foreword

About a half century ago began a remarkable intellectual revolution which transformed the field of finance from a collection of anecdotes and accounting identities into a scientific discipline with general principles and rigorous empirical assessments of its hypotheses. In the ensuing decades, finance science was both shaped, and shaped by, the extraordinary transformation of the practice of finance.

Oldrich Vasicek was one of the pioneer scientists to provide foundational contributions in the pricing and risk measurement of fixed income securities–default-free bonds that form the term structure of interest rates, and credit-risky bonds and loans–and to implement them in practice. Here we have the collection of the original papers and articles of his intellectual history of thought–with the content of the models still applicable today.

Whether a master researcher, experienced finance professional or novice student of finance, you are in for a treat.

Bon appétit!

Robert C. MertonDistinguished Professor of FinanceMIT Sloan School of Management1997 Nobel Memorial Prize in Economic Sciences

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Publisher Resources

ISBN: 9781119122203Purchase book