Advanced Modelling in Finance | Accra Metropolitan University

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Advanced Modelling in Finance

Mary Jackson and Mike Staunton - Personal Name;

We hope that our text, Advanced Modelling in Finance, is conclusive proof that a wide
range of models can now be successfully implemented using spreadsheets. The models
range across the complete spectrum of finance including equities, equity options and bond
options spanning developments from the early fifties to the late nineties. The models are
implemented in Excel spreadsheets, complemented with functions written using the VBA
language within Excel. The resulting user-defined functions provide a portable library of
programs with more than sufficient speed and accuracy.
Advanced Modelling in Finance should be viewed as a complement (or dare we say,
an antidote) to traditional textbooks in the area. It contains relatively few derivations,
allowing us to cover a broader range of models and methods, with particular emphasis
on more recent advances.
The major theoretical developments in finance such as portfolio theory in the 1950s,
the capital asset pricing model in the 1960s and the Black–Scholes formula in the 1970s
brought with them analytic solutions that are now straightforward to calculate. The subsequent
decades have seen a growing body of developments in numerical methods. With an
intelligent choice of parameters, binomial trees have assumed a central role in the more
numerically-intensive calculations now required to value equity and bond options. The
centre of gravity in finance now concerns the search for more efficient ways of performing
such calculations rather than the theories from yesteryear

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Detail Information

Series Title: Advanced Modelling in Finance
Call Number: -
Publisher: USA : JOHN WILEY & SONS, LTD., 2001
Collation: 1-263
Language: English
ISBN/ISSN: 0 471 49922 6
Classification: NONE
Content Type: -
Media Type: -
Carrier Type: -
Edition: 1st Edition
Subject(s): Finance
Specific Detail Info: -
Statement of Responsibility: -

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