Professional Financial Computing Using Excel and VBA
Too often, books on financial computing provide only quick-and-dirty implementations of financial models that have very little use in real-world applications.Professional Financial Computing Using Excel and VBAaims to provide real-world implementations of financial models that are robust, reusable, and flexible. The book covers a wide range of financial models in the areas of derivatives pricings, market and credit risk modeling, as well as advanced interest rate modeling.Each of the chapters on model implementations starts with a review on all the necessary financial theory and concepts from a practitioner’s perspective. Step-by-step instructions on the implementation are then provided to explain the programming techniques involved for models with different complexities. Alternative approaches are also discussed to offer readers a comprehensive understanding of different techniques. The appendices provide an in-depth look at how to implement financial models using both Excel 2007 and VBA, and to discuss the essential programming practices and skills in structuring complex financial models through advanced VBA features.This book is designed for self-study, reference, and classroom use for graduate programs in financial engineering and computing. All Excel and VBA codes illustrated in the book are included in the enclosed CD.