Essays in Derivatives
Don M. Chance
There is no shortage of highly technical books on
derivatives. Contrary to popular belief, however, there is a great deal
that one can learn about derivatives without much math knowledge. This
must be true because the vast majority of people who work in derivatives are not
mathematicians. This book caters to beginners and those who would like to
learn about derivatives without relying on math. It is a collection of 70 short, nontechnical essays on a variety
of topics (see below) in derivatives.
The average length of an essay is 1,300 words. There is a
minimum of mathematics and virtually no graphs. Everything is in plain and simple
English.
Copyright: New York: John Wiley (1998)
323 pages
ISBN: 1883249465
Retail price: $40  $50, depending on whom you are ordering from
If you want
to order a copy, the publisher is John Wiley,
which you can reach at this
link
and order from there. Or you can order it using the following links:
While you're looking around here, check out my other book
An Introduction to Derivatives and Risk Management, 6^{th} edition.
Table of Contents (You can download several sample essays)
Preface

Derivatives and Their Markets

The Structure of Derivative Markets

Forward Contracts and Futures Contracts

Options

Swaps

A Brief History of Derivatives

The Basic Instruments

Interest Rate Derivatives: FRAs and Options

Interest Rate Derivatives: Swaps

Currency Swaps

Structured Notes

MortgageBacked and AssetBacked Securities

Equity Swaps

EquityLinked Debt

Commodity Swaps

American vs. European Options

Swaptions

Derivative Pricing

PutCall Parity for European Options on Assets

PutCall Parity for American Options on Assets

Call Options as Insurance and Margin

A NonTechnical Introduction to Brownian Motion

Building a Model of Brownian Motion in the Stock Market

Option Pricing: The BlackScholes Model

Option Pricing: The Binomial Model

Option Pricing: Numerical Methods

Dynamic Option Replication

Risk Neutral Pricing of Derivatives: I

Risk Neutral Pricing of Derivatives: II

It's All Greek to Me

Implied Volatility

American Call Option Pricing

American Put Option Pricing

Forward and Futures Pricing

Swap Pricing

Derivative Strategies

Exotic Instruments

Barrier Options

Straddles and Chooser Options

Compound and Installment Options

Digitla Options

Geographic Options

MultiAsset Options

Range Forwards

Break Forwards

Lookback Options

Deferred Start and Contingent Premium Options

Fixed Income Securities and Derivatives

Duration

Limitations of Duration and the Concept of Convexity

The Term Structure of Interest Rates: Basic Concepts

Theories of the Term Structure: I

Theories of the Term Structure: II

Simple Models of the Term Structure: Vasicek and CoxIngersollRoss

NoArbitrage Models of the Term Structure: HoLee and HeathJarrowMorton

Tree Pricing of Bonds and Interest Rate Derivatives: I

Tree Pricing of Bonds and Interest Rate Derivatives: II

Tree Pricing of Bonds and Interest Rate Derivatives:
III

Tree Pricing of Bonds and Interest Rate Derivatives: IV

Tree Pricing of Bonds and Interest Rate Derivatives: V

Other Topics and Issues

The Value of Risk Management

Value at Risk

Stock as an Option

Credit Risk in Derivatives

Credit Derivatives

Delivery Options

Accounting for Derivatives

Derivatives Disclosure

Losing Money with Derivatives

The Revolution in Derivatives and Risk Management: A Perspective

The Strange Relationship Between Academics and Practitioners in Derivatives
and Risk Management

Recommended Reading List
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Last updated: August 28, 2003