Commodities and Commodity Derivatives : Modelling and Pricing for Agriculturals, Metals and Energy
Автор:
Helyette Geman, 416 стр., ISBN:
0470012188
The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and analyses: - Economic and geopolitical issues in commodities markets; - Commodity price and volume risk; - Stochastic modelling of commodity spot prices and forward curves; - Real options valuation and hedging of physical assets in the energy industry. It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds.
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