Applications of Financial Engineering - A Bird's Eye View By

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dc.contributor.authorPankajam, A
dc.date.accessioned2017-04-08T20:16:48Z
dc.date.available2017-04-08T20:16:48Z
dc.date.issued2014
dc.departmentBusiness Administrationen_US
dc.description.abstractFinancial Engineering is the use of mathematical techniques to solve financial problems. Financiat I engineering uses tools and knowledge from the fields of computer science, statistics, economics and applied mathematics to address current financial issues as well as to devise new and innovative financial products. Financial engineering is sometimes referred to as quantitative analysis and is used by regular commercial banks, investment banks, insurance agencies and hedge funds. Financial engineering has led to the explosion of derivative trading that we see today. Since the Chicago Board Options Exchange was formed in 1973 and two of the first financial engineers, Fischer Black and Myron Scholes, published their option pricing model, trading in options and other derivatives has grown dramatically. Financial engineering makes use of heavy duty quantitative tools, the uses for which were once thought to be limited to physics and engineering. But also included In the financial engineer's tool kit is the entire spectrum of financial instruments. Perhaps most important among these financial instruments are derivatives. Financial Engineering addresses financial issues in all areas of finance including corporate finance, asset I management,investmentfinance,andfinancialinstitutions.en_US
dc.identifier.urihttps://ir.avinuty.ac.in/handle/avu/2972
dc.langEnglishen_US
dc.publisher.nameIndo Global Journal of Applied Management Scienceen_US
dc.publisher.typeInternationalen_US
dc.titleApplications of Financial Engineering - A Bird's Eye View Byen_US
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