professional finance january-june 2016

NEW TITLES | SERIES & IM

PRINTS

SELECTED BACKLIST

Palgrave Macm

illan Professional Business January to June 2016

JANUARY-JUNE 2016

PROFESSIONAL

F I N A N C E

CONTENTS

2 INTRODUCTION

3 PROFESSIONAL FINANCE

14 GLOBAL FINANCIAL MARKETS SERIES

18 FINANCIAL ENGINEERING EXPLAINED SERIES

22 APPLIED QUANTITATIVE FINANCE SERIES

28 SALES INFORMATION

30 INDEX

Introducing Professional Finance from Palgrave Macmillan

WHO WE ARE…Palgrave Macmillan publishes cutting-edge professional content for fi nancepractitioners, researchers and students. As well as stand-alone titles coveringthe latest issues in fi nance from leading practitioners in the industry, Palgrave’s Professional Finance list also features a range of series covering quantitative fi nance, fi nancial engineering and global fi nancial markets.

Key to Symbols

World rights, all standard subrights including fi rst serial, audio, and translation

Backlist Highlight

New titles publishing from January to June 2016

For more information on rights and permissions, please contact [email protected]

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HOW CAN WE HELP…To receive all the latest news, information on our forthcoming books, authorinterviews, videos, discounts, and more, follow us on twitter at @palgravefi nance or sign up to our monthly e-newsletter at www.palgrave.com/fi nancenews.

If you are a bookseller and are interested in receiving advanced reading copies,bespoke leafl ets or promotional material please feel free to get in touch [email protected].

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Covering everything from trading and

investing to advanced quantitative methods,

Palgrave’s stand-alone Professional

Finance titles provide practitioners,

researchers, and students with the latest

knowledge, tools and techniques to understand modern

fi nance as it is applied in practice.

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Artificial Intelligence in Financial MarketsCutting Edge Applications for Risk Management, Portfolio Optimization and Economics

Edited by Christian L. Dunis, Peter Middleton, Konstantinos A. Theofilatos & Andreas Karathanasopolous

This book provides the latest, most cutting edge applications of artificial intelligence to practical financial scenarios.

The authors present some of the latest research and provide in-depth analysis and highly applicable tools and techniques for financial forecasting. Christian L. Dunis is Joint General Manager in charge of global risk and new products at Horus Partners Wealth Management Group SA in Geneva, Switzerland. Dr. Peter W. Middleton is at the University of Liverpool. Dr. Konstantinos Theophilatos is a postdoctoral researcher at the University of Patras, Greece. Dr. Andreas Karathanasopolous is Senior Lecturer at the University of East London.

9781137488794 April 2016 UK • May 2016 US£60.00 • $95.00 • CN$104.00 Hardback • 288pp

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New Developments in Quantitative Trading and Asset Management

Behavioral Risk ManagementManaging the Psychology That Drives Decisions and Influences Operational Risk

Hersh Shefrin

This original book takes psychological research, experimental economics, and recent business scenarios to provide both students and practitioners with the insights to develop a strong risk management strategy

Hersh Shefrin is the Mario L. Belotti Professor of Finance at Santa Clara University, USA. He is one of the pioneers in the behavioral approach to economics and finance. A 2003 article in the American Economic Review listed him as one of the top fifteen economic theorists to have influenced empirical work. In 2009, his behavioral finance book Beyond Greed and Fear was recognized by JP Morgan Chase as one of the top ten books published since 2000.

9781137445605January 2016 UK December 2015 US£47.00 • $75.00 • CN$87.00Hardback • 528pp

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Finance, Society and SustainabilityHow Financial Markets Damage Our Economy and Planet and How To Stop It

Nick Silver

How and why financial markets continue to damage our economy and what we can do about it

Finance and Sustainability highlights the theoretical functions of the finance sector in comparison to what it achieves in reality, combining financial theory and knowledge of industry practice to investigate where lending and investment are directed and how risks are managed.

Nick Silver is an actuary and economist whose specialities include climate change policy, social insurance and development. Nick is a director of Callund Consulting Limited, a boutique consultancy which advises developing country governments on social insurance. He has also worked extensively in developing financial mechanisms, such as insurance, to deal with both mitigation and adaptation to climate change.

9781137560605 May 2016 UK • June 2016 US£26.99 • $45.00 • CN$50.00 Hardback • 224pp

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Financial ModelingBusiness Excellence in Investments and Financial Management, Corporate Finance, Portfolio Management and Derivatives

Joachim Häcker & Dietmar Ernst

An introductory guide to the fundamentals of financial modeling

Financial Modeling provides a comprehensive introduction to modern financial modelling using Excel and VBA. Written in a highly practical, market focussed manner, it gives step-by-step guidance on modeling practical problems.

Dr. Joachim Häcker is Professor of Corporate Finance at Munich University, and Adjunct Professor of Corporate Finance at the University of Louiseville.

Dr. Dietmar Ernst is Professor of International Finance at Nuertingen-Geislingen University and is a Director of the DICF and EIFD.


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The New Frontier InvestorsHow Pension and Sovereign Wealth Funds are Changing the Business of Investment Management and Long-term Investing

Jagdeep Singh Bachher, Adam Dixon & Ashby Monk

An engaging account of the new ‘frontier investors’ who are, against conventional wisdom, succeeding and reshaping the investment industry. A must read for all medium and long-term investors.

Adam D. Dixon is Reader in Economic Geography at the University of Bristol, and visiting scholar at Maastricht University in the Netherlands.

Jagdeep Singh Bachher is CIO of the University of California’s pension, endowment, short-term, and total return investment pools.

Ashby H.B. Monk is the Executive Director of Stanford University’s Global Projects Center.

Exchange Traded FundsInvestment Practices and Tactical Approaches

A. Seddik Meziani

An up-to-date and comprehensive guide to Exchange Traded Funds (ETFs)

This book provides a comprehensive overview of the changes brought about by ETFs. It describes and analyses recent changes alongside their impact on investment portfolios, and discusses the continuing success of index-based ETFs and the reasons underlying their long-lasting achievements.

Dr. A. Seddik Meziani (New Jersey, USA) is a professor of finance in the Department of Economics and Finance at Montclair State University. He brings extensive academic, corporate and consulting experience to the classroom, and is a recognized expert on Exchange Traded Funds. His work has appeared in publications such as the International Review of Business Research Papers and Investor’s Guide to ETFs and Indexing Innovations.

9781137508560 June 2016 UK • July 2016 US£24.99 • $40.00 • CN$45.00 Hardback • 176pp

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Bubbles and Contagion in Financial MarketsVolume I: An Integrative View

Eva R. Porras

Bubbles and Contagion in Financial Markets provides, for the first time in one volume, a quantitative treatment of bubbles and contagion, two key precursors to financial crashes.

Asset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt crises. This book takes a quantitative approach to examining these phenomena and will appeal to practitioners who need to understand the repercussions of these events on trading exchanges and the markets.

Eva R. Porras (Budapest, Hungary) is Head Consultant for Business Valuation SL in Spain; Habitat Property Partners in Budapest and is part time Finance Director for Gotham Producciones Tematicas, Budapest.

Bubbles and Contagion in Financial MarketsVolume II: Models and Mathematics

Eva R. Porras

This book takes a quantitative approach to examining the phenomena of bubbles and contagion.

This book focuses on extending the models and theories (from a mathematical/statistical point of view) which were introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles and contagion, volume II digs far more deeply and widely into the modeling aspects.

Eva R. Porras (Budapest, Hungary) is Head Consultant for Business Valuation SL in Spain; Habitat Property Partners in Budapest and is part time Finance Director for Gotham Producciones Tematicas, Budapest.

9781137358752 February 2016 UK March 2016 US£39.99 • $60.00 • CN$69.00 Hardback • 222pp

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9781137524416 June 2016 UK • July 2016 US£45.00 • $70.00 • CN$80.00 Hardback • 222pp

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Advanced Simulation-Based Methods for Optimal Stopping and ControlJohn Schoenmakers & Denis Belomestny

This is an advanced guide to optimal stopping and control, focusing on advanced Monte Carlo simulation and its application to finance.

Written for quantitative finance practitioners and researchers in academia, the book looks at the classical simulation based algorithms before introducing some of the new, cutting edge approaches.

Dr. John Schoenmakers is Deputy head of the Stochastic Algorithms and Nonparametric statistics research group at the Weierstrass Institute for Applied Analysis and Stochastics.

Dr. Denis Belomestny is Senior Researcher at Weierstrass Institute for Applied Analysis and Stochastics.

Leveraged Exchange-Traded FundsA Comprehensive Guide to Structure, Pricing, and Performance

Narat Charupat & Peter Miu

This comprehensive guide to Leveraged Exchange-Traded Funds provides high-level practitioners and researchers with a detailed reference tool for navigating the market and making informed investment decisions. Written from a measured analytical perspective, Miu and Charupat use clear and concise explanations of all important aspects of LETFs.

Narat Charupat is Professor of Finance at the DeGroote School of Business, McMaster University, USA.

Dr. Peter Miu is Professor of Finance at the DeGroote School of Business, McMaster University.

9781137033505 March 2016 UK • April 2016 US£70.00 • $105.00 Hardback • 450pp

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9781137478207 February 2016 UK January 2016 US£57.50 • $90.00 • CN$104.00 Hardback • 192pp

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Manias, Panics, and CrashesA History of Financial Crises, Seventh Edition 7th edition

Robert Z. Aliber & Charles P. Kindleberger

Since its introduction by Charles P. Kindleberger in 1978, this timeless book has charted the volatile world of financial markets. The 7th edition has been revised and expanded by Robert Aliber.

“Kindleberger’s classic lives on, refreshed by Aliber and, alas, still relevant to the world around us.” - Robert M. Solow, MIT

Robert Z. Aliber is Professor Emeritus of International Economics and Finance at the University of Chicago Booth School of Business, USA.

The late Charles P. Kindleberger was the Ford Professor of Economics at MIT. He was best known as a financial historian, whom the Economist referred to as ‘the master of the genre’ on financial crisis.

Finance-Led CapitalismShadow Banking, Re-Regulation, and the Future of Global MarketsRobert Guttmann

In Finance-Led Capitalism, bestselling author and economist Robert Guttmann provides a new conceptual framework to assess the dominate role of modern finance within the workings of our contemporary economic system. This lively and provocative read will challenge some of the core beliefs about modern finance and the world economy.

Robert Guttmann is Professor of Economics at Hofstra University, USA, and also works at the Centre d’Economie Paris Nord of the Université Sorbonne Paris Cité, France. He has published numerous books and articles, including his bestselling books How Credit-Money Shapes the Economy: The United States in a Global System (M.E. Sharpe, 1994) and Cybercash: The Coming Era of Electronic Money (Palgrave Macmillan, 2003).

9781137525758 October 2015 UK October 2015 US£19.99 • $32.00 • CN$34.50Paperback • 460pp

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9781137398567 December 2015 UK November 2015 US£55.00 • $80.00 • CN$92.00 Hardback • 272pp

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Mastering Stocks and BondsUnderstanding How Asset Cross-Over Strategies will Improve Your Portfolio’s PerformanceBen Emons

Despite popular belief, bond and stock investors are not opposites. Stock investors can apply bond strategies to safeguard returns and bond investors can do better using a stock selection strategy designed to improve the portfolio’s income distribution. This book will teach readers to look at stocks through the lens of a bond buyer, and vice versa. 9781137476241 • September 2015 UK • September 2015 US£30.00 • $45.00 • CN$52.00 • Hardback • 224pp

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A Practical Guide to Corporate FinanceBreaking the Financial IceChristophe Thibierge & Andrew Beresford

This book offers an approachable guide to all key concepts within corporate finance. Emphasizing the use of common sense rather than number-crunching models, it provides a compact, easy to read experience for all readers, whatever their background. 9781137492517 • August 2015 UK • September 2015 US£29.99 • $50.00 • CN$55.00 • Hardback • 320pp

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The Medium of ContingencyAn Inverse View of the MarketElie Ayache

Ayache brings a new perspective to quantitative finance and the relationship between the reality of the marketplace and its disassociation with the tools used to model and support it. He provides insights into the relationship between financial mathematics and financial markets and new perspectives into the theory of derivatives pricing. 9781137286543 • October 2015 UK • November 2015 US£29.99 • $50.00 • CN$57.50 • Hardback • 592pp

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Capital ReturnsInvesting Through the Capital Cycle A Money Manager’s Reports 2002-15Edward Chancellor “Marathon Asset Management”

This book provides expert, example driven guidance on the crash-beating capital cycle approach to investing, successfully deployed by Marathon Asset Management and other successful investors over the past two decades and more.

9781137571649 • November 2015 UK • December 2015 US£24.99 • $48.00 • CN$58.00 • Hardback • 224pp

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TMarket Liquidity RiskImplications for Asset Pricing, Risk Management, and Financial RegulationAndria van der Merwe

Andria van der Merwe provides a thorough guide to the critical tools needed to navigate liquidity markets and value security pricing in the presence of market frictions and information asymmetries.

9781137390448 • June 2015 UK • June 2015 US£67.50 • $105.00 • CN$121.00 • Hardback • 216pp

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Sustainable Financial InvestmentsMaximizing Corporate Profits and Long-Term Economic Value CreationBrian Bolton

Bolton connects these seemingly disparate ideas to show how to incorporate economic costs, benefits, cash flows, and risks into the evaluation of any type of investment.

9781137411983 • August 2015 UK • August 2015 US£45.00 • $70.00 • CN$81.00 Hardback • 248pp

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Managing Operational RiskPractical Strategies to Identify and Mitigate Operational Risk within Financial InstitutionsDouglas Robertson

This book explores the types of operational risk that threaten financial institutions, and focuses on practical methodologies that can dentify these risks before it is too late.

9781137442154 • December 2015 UK • December 2015 US£60.00 • $95.00 • CN$110.00 Hardback • 208pp

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Asia Firms and the Global Profit Super CycleJonathan Garner & Morgan Stanley Asia Ltd

This book, written by a seasoned economist and strategist, argues that we are in the middle of a super-cycle in corporate profits grounded in deep structural forces within the global economy. Combining data and corporate case studies, this book shows how selected Asian and emerging market companies are succeeding in this environment.

9781137505439 • April 2016 UK • May 2016 US£29.99 • $48.00 • CN$55.00 Hardback • 256pp

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Modelling and Forecasting High Frequency Financial DataStavros Degiannakis & Christos Floros

This book is an accessible practitioners guide to the most cutting-edge models used in high-frequency finance modelling, providing advanced techniques and tools for understanding market microstructure and more generally for analyzing financial markets using recent HF data.

9781137396488 • September 2015 UK • September 2015 US£60.00 • $95.00 • CN$120.00 • Hardback • 192pp

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The Public Wealth of NationsHow Management of Public Assets Can Boost or Bust Economic GrowthDag Detter & Stefan Fölster

This radical, reforming book could lead to the creation of entirely new departments in the world’s major banks, improve the fabric of democratic institutions across the globe, and increase global living standards.

9781137519849 • June 2015 UK • July 2015 US£24.99 • $40.00 • CN$45.00 • Hardback • 244pp

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Managing Uncertainty, Mitigating RiskTackling the Unknown in Financial Risk Assessment and Decision MakingNikan B. Firoozye & Fauziah Ariff

This book proposes that financial risk management broaden its approach, maintaining quantification where possible, but incorporating uncertainty.


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Brazilian Derivatives and SecuritiesPricing and Risk Management of FX and Interest-Rate Portfolios for Local and Global MarketsRichard J. Brostowicz Jr. & Marcos C. S. Carreira

This book provides a quantitative, applied guide to the offshore and onshore Brazilian markets, with a focus on the financial instruments unique to the region.

9781137477262 • January 2016 UK • February 2016 US£60.00 • $95.00 • CN$110.00 • Hardback • 336pp

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Quantitative Trading with R Understanding Mathematical and Computational Tools from a Quant’s PerspectiveHarry Georgakopoulos

Quantitative Finance with R offers a winning strategy for devising expertly-crafted and workable trading models using the R open source programming language, providing readers with a step-by-step approach to understanding complex quantitative finance problems and building functional computer code.

9781137354075 • January 2015 UK • January 2015 US£39.99 • $70.00 • CN$81.00 • Hardback • 292pp

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Enterprise Risk Management in FinanceDesheng Dash Wu & David L. Olson

Enterprise Risk Management in Finance is a guide to measuring and managing Enterprise-wide risks in financial institutions. This new book provides a comprehensive, technical guide to ERM for financial institutions. Technical and rigorous, this book will be a welcome addition to the literature in this area, and will appeal to risk managers, actuaries, regulators and senior managers in banks and financial institutions.

9781137466280 • July 2015 UK • August 2015 US£60.00 • $95.00 • CN$110.00 • Hardback • 280pp

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Regulating Securitized ProductsA Post Crisis GuideRasheed Saleuddin

This book sets out a complete and definitive description of securitization mechanisms, detailing the history of the asset class up to the present day.


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Making Sense of MarketsAn Investor’s Guide to Profiting Amidst the GloomKevin Gardiner

Since the financial crisis, there have been numerous reports, articles and books highlighting the gloomy future ahead. Making Sense of Markets makes the case that received wisdom is still far too pessimistic, and that the future may be brighter than feared. A plain-speaking guide to keeping an open mind (and how to profit from it).


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Global Financial Markets is a series of practical guides to the latest fi nancial market tools, techniques, and strategies. Written for practitioners across a range of disciplines it

provides comprehensive but practical coverage of key topics in fi nance

covering strategy, markets, fi nancial

products, tools and techniques and their

implementation.

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Commodity Market Trading and InvestmentA Practitioners Guide to the Markets

Tom James

A practical, timely reference manual to commodity trading and investing

This is an essential manual for anyone who is looking to engage in the commodity markets. As a new commodity cycle looms, this book provides thorough, practical guidance on getting the very best out of commodity trades and investments, and will be a welcome, up-to-date addition to the current literature.

Professor Tom James is the Co-Founder and Chairman of Navitas Resources Ltd, launching the Investment Strategy & Fund Management group of Navitas Resources. He is Petronet LNG Chair Professor at the University of Petroleum & Energy Studies in Asia, an Executive Tutor for the MBA Oil & Gas programme at Middlesex University in the UK, and a visiting lecturer at the Singapore Management University.

9781137432803 February 2016 UK • March 2016 US£49.99 • $80.00 • CN$92.00 Hardback • 256pp

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Private Equity Investing in Emerging MarketsOpportunities for Value CreationRoger Leeds

Drawing on the author’s four decades of experience as a practitioner and academic working with private equity investors, entrepreneurs, and policymakers in over 100 developing countries around the world, this book uses anecdotes and case studies to illustrate and reinforce the key arguments for private equity investment in emerging economies.

9781137435347 • March 2015 UK • February 2015 US£39.99 • $70.00 • CN$81.00 • Hardback • 308pp

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Applied Financial Macroeconomics and Investment StrategyA Practitioner’s Guide to Tactical Asset AllocationRobert T. McGee

The absolute and relative performance of various asset classes is systematically related to macroeconomic trends. This book assesses the business cycle and analyzes the investment implications.

9781137428394 • May 2015 UK • April 2015 US£49.99 • $80.00 • CN$92.00 • Hardback • 272pp

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An Option Greeks PrimerBuilding Intuition with Delta Hedging and Monte Carlo Simulation using ExcelJawwad Farid

Aimed at the less quantitative practitioner, it provides a balanced account of options, Greeks and hedging techniques avoiding the complicated mathematics inherent to many texts.

9781137371669 • March 2015 UK • April 2015 US£36.99 • $62.00 • CN$71.00 • Hardback • 280pp

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Private Equity Fund InvestmentsNew Insights on Alignment of Interests, Governance, Returns and ForecastingCyril Demaria

This book presents new, advanced, evidence-based guidance on investing in private equity funds by assessing the investor’s environment, the risks, returns and overall performance of funds.

9781137400383 • October 2015 UK • November 2015 US£50.00 • $80.00 • CN$92.00 • Hardback • 296pp

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Models at WorkA Practitioner’s Guide to Risk ManagementJawwad Farid

This book provides a much needed ‘middle ground’ for risk practitioners who need an in-depth understanding of risk management without excessive formulae or theory. It provides coverage of risk management and the frameworks commonly applied in the financial services industry.

9781137371638 • December 2013 UK • January 2014 US£45.00 • $75.00 • CN$87.00 • Hardback • 656pp

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Dark PoolsOff-Exchange Liquidity in an Era of High Frequency, Program, and Algorithmic Trading 2nd editionErik Banks

This book deals with the topic of dark trading, or non-displayed, off-exchange trading execution.

9781137449535 • October 2014 UK • November 2014 US£50.00 • $80.00 • CN$92.00 • Hardback • 280pp

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THE STATESMAN’S YEARBOOK 2016

152nd edition | September 2015 | Hardback | 9781137439987 | GBP£245 / US$370

www.palgrave.com

How…many UNESCO World Heritage sites are there in Italy?

When…was the last time someone other than a Democrat or a Republican was the president of the United States?

Who…became his country’s first indigenous president in 2006?

If you want to know the answer to these questions, then The Statesman’s Yearbook 2016 will be an indispensable resource. The first point of reference for reliable, concise information on any country in the world, it is essential reading at all levels for anyone wishing to further their knowledge in global economics and finance.

This edition also includes a special feature from Barry Turner, exploring the Suez crisis during the year of its 60th anniversary.

AVAILABLE TO PURCHASE

NOW

The Statesman’s Yearbook 2016 is available to purchase now – don’t miss out!

Financial Engineering Explained is a series of concise, practical guides to modern

fi nance, focusing on key, technical areas of risk management and asset pricing. Written

for practitioners, researchers, and

students, the series discusses a range of topics in a non-mathematical, but

highly intuitive way.

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Interest Rate Derivatives ExplainedVolume 2: Term Structure and Volatility Modelling

Jörg Kienitz

A concise but rigorous guide to products and models commonly used in the fixed income markets

Aimed at practitioners who need to understand the current fixed income markets and learn the techniques necessary to master the fundamentals, this book provides a thorough but concise description of fixed income markets, looking at the business, products and structures and advanced modeling of interest rate instruments.

Jörg Kienitz is head of Quantitative Analytics at Deutsche Postbank AG. He is involved in developing and implementing models for pricing complex derivatives structures and for asset allocation.

Interest Rate Derivatives ExplainedVolume 1: Products and Markets

Jörg Kienitz

A concise but rigorous guide to products and models commonly used in the fixed income markets

Aimed at practitioners who need to understand the current fixed income markets and learn the techniques necessary to master the fundamentals, this book provides a thorough but concise description of fixed income markets, looking at the business, products and structures and advanced modeling of interest rate instruments.

Jörg Kienitz is head of Quantitative Analytics at Deutsche Postbank AG. He is involved in developing and implementing models for pricing complex derivatives structures and for asset allocation.

9781137360182 March 2016 UK • April 2016 US£26.99 • $45.00 • CN$52.00Paperback • 150pp

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9781137360069 December 2014 UK January 2015 US£26.99 • $45.00 • CN$52.00Paperback • 224pp

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The XVA of Financial Derivatives: CVA, DVA and FVA ExplainedDongsheng Lu

A short, practical yet technical guide to derivatives valuation and risk management under the new paradigm

This latest addition to the Financial Engineering Explained series focuses on the new standards for derivatives valuation, namely, pricing and risk management, taking into account counterparty risk, and the XVA’s – Credit, Funding and Debt value adjustments.

Dongsheng Lu is Managing Director and Head of Quantitative Research at BNY Mellon’s Derivatives Trading Unit.

Financial Engineering with Copulas ExplainedJan-Frederik Mai & Matthias Scherer

The first book to explain in an accessible way, the applications of copulas in asset pricing and risk management

This is a succinct guide to the application and modelling of dependence models or copulas in the financial markets. First applied to credit risk modelling, copulas are now widely used across a range of derivatives transactions, asset pricing techniques and risk models and are a core part of the financial engineer’s toolkit.

Dr. Matthias Scherer is Professor of Mathematical Finance at the Technische Universität München.

Dr. Jan-Frederik Mai is Quantitative Analyst at XAIA Investment GmbH. He holds a PhD in Financial Mathematics from Technische Universität München.

9781137435835 September 2015 UK October 2015 US£24.99 • $48.00 • CN$55.00Paperback • 240pp

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9781137346308 October 2014 UK October 2014 US£24.99 • $40.00 • CN$45.99Paperback • 168pp

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Smile Pricing ExplainedPeter Austing

A practical guide to smile pricing, an advanced financial modelling technique and an essential skill for anyone working with complex (exotic) options

“A gem of a book, Smile Pricing Explained oozes with the enthusiasm that its author Dr Austing, a seasoned practitioner and expert on multi-asset smile modelling, has for the subject. The book takes us on a concise but very exciting journey from the carefully yet succinctly explained basics of arbitrage pricing to the cutting edge of correlation smile, a journey that is fuelled by generous measures of intuition and practical advice.” —Vladimir Piterbarg, Managing Director and Head of Quantitative Analytics, Barclays

Peter Austing is a seasoned quantitative practitioner, best known for his work on multi-asset derivative pricing with correlation smile. He is currently engaged in research at Imperial College, London.

The Greeks and Hedging ExplainedPeter Leoni

A practical guide to basic and intermediate hedging techniques for traders, structerers and risk management quants

A practical guide to basic and intermediate hedging techniques for traders, structerers and risk management quants. This book fills a gap for a technical but not impenetrable guide to hedging options, and the ‘Greek’ - (Theta, Vega, Rho and Lambda) - parameters that represent the sensitivity of derivatives prices.

Peter Leoni graduated in 2003 with a PhD in mathematical physics and then stumbled into the fascinating world of finance. He currently works in the London/Geneva office of a privately owned trading firm. He also holds the position of visiting professor for the Catholic University of Leuven in Belgium.

9781137335715 August 2014 UK September 2014 US£27.99 • $40.00 • CN$46.00Paperback • 240pp

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9781137350732 May 2014 UK • June 2014 US£19.99 • $30.00 • CN$34.50Paperback • 152pp

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Applied Quantitative Finance brings readers the very latest market

tested tools, techniques, and developments in quantitative fi nance.

Written for practitioners who need to understand how things work “on the fl oor,” the series delivers

the most cutting-edge applications in quantitative fi nance

in areas such as asset pricing, risk

management, and fi nancial derivatives.

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The Book of GreeksRahul Bhattacharya

A perfect companion for any risk manager, quant or derivatives trader providing a unique blend of practical application whilst giving the reader all necessary technical and academic detail

The Book of Greeks provides a compendium of quantitative models and methodologies for quants, traders and structurers to implement financial models, value risk and trade portfolios. Based on the author’s CFE course, it enables readers to understand the mathematical landscape that underpins modern quantitative finance.

Rahul Bhattacharya is Chief Content Officer and Director of Risk Latte, a quantitative finance and risk management training and consulting company. He holds an B.Sc. (Hons) in Physics, an M.Sc. in Nuclear Physics and an MBA in Finance.


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The Validation of Risk ModelA Handbook for Practitioners

Sergio Scandizzo

This book is a one-stop-shop reference for risk management practitioners involved in the validation of risk models.

This is a comprehensive manual about the tools, techniques and processes to be followed in the validation of risk models, focused on all the models that are relevant in the capital requirements and supervisory review of large international banks. It is a definitive guide to fulfilling the risk management function’s responsibilities.

Sergio Scandizzo is Deputy Advisor at the European Investment Bank in Luxembourg. He is associate editor of The Journal of Operational Risk and associate editor of The Journal of Compliance Magazine. Prior to his position at the EIB he was a principal in the London office of PricewaterhouseCoopers.

Optimization Methods for Gas and Power MarketsTheory and Cases

Enrico Edoli, Stefano Fiorenzani & Tiziano Vargiolu

A guide to the latest theory and practice of optimization methods for gas and power markets

This is a valuable, quantitative guide to the technicalities of optimization methodologies in gas and power markets.

Enrico Edoli is a Senior Quantitative Analyst at Aleph Energy Consulting, Italy.

Stefano Fiorenzani is founder and director of Aleph, a consulting firm specialized in the area of Energy Trading, Portfolio Optimization and Risk Management.

Tiziano Vargiolu is Associate Professor of Mathematics University of Padua, Italy.


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9781137412966 November 2015 UKDecember 2015 US£70.00 • $110.00 • CN$132.00 Hardback • 250pp

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TFX Barrier OptionsA Comprehensive Guide for Industry QuantsZareer Dadachanji

This book derives, demonstrates and analyses a wide range of models, modelling techniques and numerical algorithms that can be used for valuation and risk management of these instruments.

9781137462749 • September 2015 UK • September 2015 US£60.00 • $95.00 • CN$110.00 • Hardback • 323pp

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Equity Derivatives and HybridsMarkets, Models and MethodsOliver Brockhaus

This book provides an up-to-date account of equity and equity-hybrid (equity-rates, equity-credit, equity-foreign exchange) derivatives modeling from a practitioner’s perspective.


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Modern Derivatives Pricing and Credit Exposure AnalysisTheory and Practice of CSA and XVA Pricing, Exposure Simulation and BacktestingRoland Lichters, Roland Stamm & Donal Gallagher

The book details on pricing modern financial derivatives and analyzes the credit exposure of a financial instrument in today’s markets.

9781137494832 • October 2015 UK • November 2015 US£60.00 • $95.00 • CN$110.00 Hardback • 432pp

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SABR and SABR LIBOR Market Models in PracticeWith Examples Implemented in PythonChristian Crispoldi, Gérald Wigger & Peter Larkin

A hands-on guide to interest rate modelling, including the SABR model, the market standard for vanilla products, and the LIBOR market model, the most commonly used model for exotic products. This accessible book also provides an explanation of the extended SABR LIBOR market model.

9781137378637 • August 2015 UK • September 2015 US£60.00 • $95.00 • CN$120.00 • Hardback • 250pp

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Interest Rate Modelling in the Multi-Curve FrameworkFoundations, Evolution and ImplementationMarc Henrard

An analysis of the framework from the foundations and evolution to recent extensions to collateral and stochastic spreads modelling.

9781137374653 • May 2014 UK • June 2014 US£60.00 • $100.00 • CN$115.00 • Hardback • 264pp

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Quantitative FinanceBack to Basic PrinciplesAdil Reghai

The series of recent financial crises have thrown open the world of quantitative finance and financial modeling. This book brings together proven and new methodologies from finance, physics and engineering, along with years of industry and academic experience to provide a cookbook of models for dealing with the challenges of today’s markets.

9781137414496 • December 2014 UK • January 2015 US£60.00 • $100.00 • CN$115.00 • Hardback • 256pp

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XVA Desks - A New Era for Risk ManagementUnderstanding, Building and Managing Counterparty, Funding and Capital RiskIgnacio Ruiz

This book takes readers through all aspects of counterparty credit risk management and the business cycle of CVA, DVA and FVA, focusing on risk management, pricing considerations and implementation.

9781137448194 • April 2015 UK • May 2015 US£60.00 • $95.00 • CN$110.00 • Hardback • 440pp

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Aliber, Manias, Panics, and Crashes 9Ariff, Managing Uncertainty, Mitigating Risk 12Austing, Smile Pricing Explained 21Ayache, The Medium of Contigency 10

Bachher, The New Frontier Investors 6Banks, Dark Pools 16Belomestny, Advanced Simulation-Based Methods for Optimal Stopping and Control 8Beresford, A Practical Guide to Corporate Finance 10Bhattacharya, The Book of Greeks 23Bolton, Sustainable Financial Investments 11Brockhaus, Equity Derivatives and Hybrids 25Brostowicz Jr., Brazilian Derivatives and Securities 12

Carreira, Brazilian Derivatives and Securities 12Chancellor, Capital Returns 10Charupat, Leveraged Exchange-Traded Funds 8Crispoldi, SABR and SABR LIBOR Market Models in Practice 25

Dadachanji, FX Barrier Options 25Dash Wu, Enterprise Risk Management in FinanceDegiannakis, Modelling and Forecasting High Frequency Financial Data 12Demaria, Private Equity Fund Investments 16Detter, The Public Wealth of Nations 12Dixon, The New Frontier Investors 6Dunis, Artifi cial Intelligence in Financial Markets 4

Edoli, Optimization Methods for Gas and Power Markets 24Emons, Mastering Stocks and Bonds 10Ernst, Financial Modeling 5

Farid, An Option Greeks Primer 16Farid, Models at Work 16Fiorenzani, Optimization Methods for Gas and Power Markets 24Firoozye, Managing Uncertainty, Mitigating Risk 12Floros, Modelling and Forecasting High Frequency Financial Data 12Fölster, The Public Wealth of Nations 12

Gallagher, Modern Derivatives Pricing and Credit Exposure Analysis 25Gardiner, Making Sense of Markets 13Garner, Asia Firms and the Global Profi t Super Cycle 11Georgakopoulos, Quantitative Trading with R 13Guttmann, Finance-Led Capitalism 9

Häcker, Financial Modeling 5Henrard, Interest Rate Modelling in the Multi-Curve Framework 26

James, Commodity Market Trading and Investment 15

Karathanasopolous, Artifi cial Intelligence in Financial Markets 4Kienitz, Interest Rate Derivatives Explained Volume I 19Kienitz, Interest Rate Derivatives Explained Volume II 19Kindleberger, Manias, Panics, and Crashes 9

Larkin, SABR and SABR LIBOR Market Models in Practice 25Leeds, Private Equity Investing in Emerging Markets 15Leoni, The Greeks and Hedging Explained 21Lichters, Modern Derivatives Pricing and Credit Exposure Analysis 25Lu, The XVA of Financial Derivatives: CVA, DVA and FVA Explained 20

Mai, Financial Engineering with Copulas Explained 20McGee, Applied Financial Macroeconomics and Investment Strategy 15Meziani, Exchange Traded Funds 6Middleton, Artifi cial Intelligence in Financial Markets 4Miu, Leveraged Exchange-Traded Funds 8Monk, The New Frontier Investors 6Morgan Stanley Asia Ltd, Asia Firms and the Global Profi t Super Cycle 11

Olson, Enterprise Risk Management in Finance 13

Porras, Bubbles and Contagion in Financial Markets Volume I 7Porras, Bubbles and Contagion in Financial Markets Volume II 7

Reghai, Quantitative Finance 26Robertson, Managing Operational Risk 11Ruiz, XVA Desks – A New Era for Risk Management 26

Saleuddin, Regulating Securitized Products 13Scandizzo, The Validation of Risk Model 24Scherer, Financial Engineering with Copulas Explained 20Schoenmakers, Advanced Simulation-Based Methods for Optimal Stopping and Control 8Shefrin, Behavioral Risk Management 4Silver, Finance, Society and Sustainability 5Stamm, Modern Derivatives Pricing and Credit Exposure Analysis 25

Theofi latos, Artifi cial Intelligence in Financial Markets 4Thibierge, A Practical Guide to Corporate Finance 10

van der Merwe, Market Liquidity Risk 11

Vargiolu, Optimization Methods for Gas and Power Markets 24Wigger, SABR and SABR LIBOR Market Models in Practice 25

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32

The Palgrave Handbook of Research Design in Business and ManagementKenneth D. Strang

The Palgrave Handbook of Research Design in Business and Management uses a new state-of-the-art research design typology model to guide researchers in creating the blueprints for their experiments. By focusing on theory and cutting-edge empirical best-practices, this handbook utilizes visual techniques to appease all learning styles. 9781137379924 • March 2015 UK and US£147.00 • $235.00 • CN$271.00 • Hardback • 464pp

Systemic Change ManagementThe Five Capabilities for Improving EnterprisesGeorge L. Roth & Anthony J. DiBella

Weaving together prescriptions with a series of cases, Systemic Change Management describes the value and how-to of a systemic or enterprise approach to organizational change. Each capability presented here promotes change, but when used together create synergies that magnify their individual impact within and between collaborating organizations. 9781137412010 • April 2015 UK and US£41.00 • $65.00 • CN$74.00 • Hardback • 292pp

Managing FlowA Process Theory of the Knowledge-Based FirmIkujiro Nonaka, Ryoko Toyama & Toru Hirata

This new edition of Managing Flow presents an ultimate theory of knowledge-based management and organizational knowledge creation based on empirical research and an extensive literature review. It explores knowledge management as a global concept and is relevant to any company that wants to prosper and thrive in the global knowledge economy. 9781137494825 • February 2015 UK and US£24.99 • $40.00 • CN$45.99 • Paperback • 280pp

Cutting-Edge Research from our Academic list

As well as publishing top-quality professional content, Palgrave Macmillan is one of the leading publishers of academic business and management books. Take a look at these three highlights below, or visit www.palgrave.com/catalogs to take a look at our latest academic business catalogue.

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