This textbook provides the first systematic presentation of the theory of stochastic differential equations with Markovian switching. It presents the basic prin

With this hands-on introduction readers will learn what SDEs are all about and how they should use them in practice.

Since the publication of the first edition of the present volume in 1980, the stochastic stability of differential equations has become a very popular subject o

These notes provide a concise introduction to stochastic differential equations and their application to the study of financial markets and as a basis for model