Faithin Omaha eBook Collection

Download or read book The Mathematics of Banking and Finance written by Dennis Cox and published by John Wiley & Sons. This book was released on 2006-05-01 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout banking, mathematical techniques are used. Some of these are within software products or models; mathematicians use others to analyse data. The current literature on the subject is either very basic or very advanced. The Mathematics of Banking offers an intermediate guide to the various techniques used in the industry, and a consideration of how each one should be approached. Written in a practical style, it will enable readers to quickly appreciate the purpose of the techniques and, 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 many others. A practical review of mathematical techniques needed in banking which does not expect a high level of mathematical competence from the reader