(Read now) Financial Engineering with Copulas Explained (Financial Engineering Explained)






#1323835 in eBooks 2014-10-02 2014-10-02File Name: B00O2ACCBO

1 of 1 people found the following review helpful. Decent Overview, BUT Simply Using the R Copula Package is Much More InformativeBy CustomerThe book does a good job explaining the math behind the copulas and where they are applicable. I found this book sorely lacking on any application though. An accompaniment of R code for many of the concepts walking through a real application would deepen understanding a great deal.'This book is a very valuable source for modeling specialists in the financial industry. It follows a non-technical but mathematically rigorous approach. Many illustrations as well as examples help readers to develop a solid understanding of copula functions and their applications. Especially remaThis is a succinct guide to the application and modelling of dependence models or copulas in the financial markets. First applied to credit risk modelling, copulas are now widely used across a range of derivatives transactions, asset pricing techniques and risk models and are a core part of the financial engineer's toolkit.


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