Risk Management and Derivatives
1. Introduction to Derivatives. 2. Investors, Derivatives and Risk Management. 3. Creating value with risk management. 4. An integrated approach to risk management. 5. Forward and futures contracts. 6. Hedging exposures with forward and futures contracts. 7. Optimal hedges for the real world. 8. Identifying and managing cash flow exposures. 9. Hedging with options. 10. Option pricing, dynamic hedging, and the binomial model. 11. The Black-Scholes model. 12. Risk measurement and risk management with nonlinear payoffs. 13. Options on bonds and interest rates. 14. The demand and supply for derivative products. 15. Swaps. 16. Using Exotic Options. 17. Credit risks and credit derivatives. 18. The practice of risk management: Recent and future developments.