How Long to Read Interest Rate Models

How Long Does it Take to Read Interest Rate Models?

It takes the average reader 4 hours and 59 minutes to read Interest Rate Models by Andrew J. G. Cairns

Assuming a reading speed of 250 words per minute. Learn more

Description

The field of financial mathematics has developed tremendously over the past thirty years, and the underlying models that have taken shape in interest rate markets and bond markets, being much richer in structure than equity-derivative models, are particularly fascinating and complex. This book introduces the tools required for the arbitrage-free modelling of the dynamics of these markets. Andrew Cairns addresses not only seminal works but also modern developments. Refreshingly broad in scope, covering numerical methods, credit risk, and descriptive models, and with an approachable sequence of opening chapters, Interest Rate Models will make readers--be they graduate students, academics, or practitioners--confident enough to develop their own interest rate models or to price nonstandard derivatives using existing models. The mathematical chapters begin with the simple binomial model that introduces many core ideas. But the main chapters work their way systematically through all of the main developments in continuous-time interest rate modelling. The book describes fully the broad range of approaches to interest rate modelling: short-rate models, no-arbitrage models, the Heath-Jarrow-Morton framework, multifactor models, forward measures, positive-interest models, and market models. Later chapters cover some related topics, including numerical methods, credit risk, and model calibration. Significantly, the book develops the martingale approach to bond pricing in detail, concentrating on risk-neutral pricing, before later exploring recent advances in interest rate modelling where different pricing measures are important.

How long is Interest Rate Models?

Interest Rate Models by Andrew J. G. Cairns is 289 pages long, and a total of 74,851 words.

This makes it 98% the length of the average book. It also has 91% more words than the average book.

How Long Does it Take to Read Interest Rate Models Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 49 minutes to read Interest Rate Models aloud.

What Reading Level is Interest Rate Models?

Interest Rate Models is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Interest Rate Models?

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