The current world financial scene indicates at an intertwined and interdependent relationship between financial market activity and economic health. This book e

Since the appearance of seminal works by R. Merton, and F. Black and M. Scholes, stochastic processes have assumed an increasingly important role in the develop

This book offers an introduction to the mathematical, probabilistic and numerical methods used in the modern theory of option pricing. The text is designed for

Presents inference and simulation of stochastic process in the field of model calibration for financial times series modelled by continuous time processes and n

Most financial and investment decisions are based on considerations of possible future changes and require forecasts on the evolution of the financial world. Ti