Fischer Black and the revolutionary idea of finance / Perry Mehrling.
Material type: TextPublisher: Hoboken, N.J. : John Wiley & Sons, [2005]Copyright date: ©2005Description: xv, 374 pages : illustrations ; 24 cmContent type:- text
- unmediated
- volume
- 0471457329
- 9780471457329
- 332.092 22
- HG172.F565 M44 2005
Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Book | City Campus City Campus Main Collection | 332.092 BLA (Browse shelf(Opens below)) | 1 | Available | A413944B |
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332.091724 BEI Emerging financial markets / | 332.091734 EXP Expanding the frontier in rural finance : financial linkages and strategic alliances / | 332.09174 GOL Assessing financial vulnerability : an early warning system for emerging markets / | 332.092 BLA Fischer Black and the revolutionary idea of finance / | 332.092 MEA Money & power : the history of business / | 332.0922 TYC Tycoons and entrepreneurs. | 332.0941 BUS Business life and public policy : essays in honour of D.C. Coleman / |
Includes bibliographical references (pages 327-353) and index.
Thou living ray of intellectual fire -- An idea in the rough -- Some kind of an education -- Living up to the model -- Tortuous economic intuition -- The money wars -- Global reach -- Stagflation -- Changing fields -- What do traders do? -- Exploring general equilibrium.
"In December of 1997, Robert Merton and Myron Scholes took the stage in Stockholm to accept the Nobel Prize in Economics. Absent from the podium was Fischer Black, the "Black" of the famous Black-Scholes options pricing formula, the formula that was to the derivatives revolution in finance what the discovery of the structure of DNA was to biotechnology. Black had died in 1995, two years short of the ultimate accolade." "Although the options formula made him famous, it was only one of Black's numerous contributions to finance, including portfolio insurance, commodity futures pricing, bond swaps and interest rate futures, and global asset allocation models that have become standard in the world of finance. Amazingly, he did it all despite having no formal training in finance or economics, and despite spending the bulk of his career in business settings. Certainly the most notable non-academic theoretician of modern finance, Fischer Black was one of a kind." "Fischer Black and the Revolutionary Idea of Finance tells the story of one man's intellectual adventure at the very center of modern finance. It is a story about the birth of quantitative finance and financial engineering. It is also the story about the continuing human quest to defeat the "dark forces of time and ignorance," as John Maynard Keynes famously put it. In 1995, the dark forces caught up with Fischer himself, but his quest lives on."--BOOK JACKET.
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