The course explores the nature and role of financial markets and institutions in the allocation of resources. The course pays particular attention to the emergence of derivative markets, analyzing the conceptual bases of the new instruments, including their pricing and trading strategies, as well as how financial entities use them in risk management.
Financial market structure; Derivatives and their pricing; Risk management.
Slides: aula1a, aula1b, Theory1
aula2a, aula2b, Theory2
- W. Ferson, E. Fama, Deutsche Bank
- B. Vallee
-Financial Economics: A Concise Introduction to Classical and Behavioral Finance. T. Hens and M. Rieger. Springer-Verlag, 2010.