所属栏目:资本市场/衍生证券

On some remarks on derivatives valuations.
认领作者 认领作者管理权限
发布日期:2008年05月03日 上次修订日期:2008年05月03日

摘要

In this paper we present a critical viewpoint on interpretation of one of the most important innovation in the recent world economy. This is erivatives’ market, the options segment in particular. The standard options such as plain vanilla, nonstandard exotics or hybrid options and more recent specification called credit derivatives are actively traded around the world absorbing a significant volume of cash flows. The goal of the paper is to present the misunderstanding of the core problems in this field. This is an option price discovery. The modern probability and statistics theories are applied to provide investors and institutions information regarding the cost of the investment risk and on the other hand develop a better proximity between given historical data and analytical theory. We will show bellow that critical arguments are related to the basic fundamentals of the investment sciences that unfortunately are still difficult to comprehend by theoretical researchers, supervisory organizations, and investors.
展开

Ilya Gikhman On some remarks on derivatives valuations. (2008年05月03日) https://www.cfrn.com.cn/lw/12064

选择要认领的作者1
身份验证1
确认
取消