Book Statistics
The Mathematics Of Banking And Finance
Description
Throughoutbanking, mathematical techniques are used. Some of these are withinsoftware products or models; mathematicians use others to analysedata. The current literature on the subject is either very basic orvery advanced.
TheMathematics of Banking offers an intermediate guide to thevarious techniques used in the industry, and a consideration of howeach one should be approached. Written in a practical style, it willenable readers to quickly appreciate the purpose of the techniquesand, through illustrations, see how they can be applied in practice.Coverage is extensive and includes techniques such as VaR analysis,Monte Carlo simulation, extreme value theory, variance and manyothers.
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A practical review of mathematical techniques needed in banking which does not expect a high level of mathematical competence from the reader
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