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Advanced Modelling in Finance Using Excel and VBA (The Wiley Finance Series)
 
 

Advanced Modelling in Finance Using Excel and VBA (The Wiley Finance Series) (Hardcover)

by Mary Jackson (Author), Mike Staunton (Author) "The purpose of this chapter is to review certain Excel functions and procedures used in text ..." (more)
3.6 out of 5 stars See all reviews (5 customer reviews)
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Product Description

Review
No. 4 bestseller in ′General Finance′ (erivativesreview.com, December 2001)

Review
No. 4 bestseller in ′General Finance′ (erivativesreview.com, December 2001)

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Inside This Book (Learn More)
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The purpose of this chapter is to review certain Excel functions and procedures used in text. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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5 Reviews
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 (3)
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Average Customer Review
3.6 out of 5 stars (5 customer reviews)
 
 
 
 
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27 of 28 people found the following review helpful:
2.0 out of 5 stars a reader from London, 20 May 2004
There are two things this book won't teach you one is modelling and the other VBA. One would be far better off buying John Hull's book on derivatives or something of a sort and a book on VBA with Excel separately. To understand this book well you need a prior knowledge of both Financial math and VBA/Excel but if you have that already why would you need this book on the first place? I have to admit I was misled by the previous reviews - all were very good. Finally a lot of my colleagues have the book on their desks and how new these books look as if they've never been open before, draw your own conclusion.
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30 of 33 people found the following review helpful:
5.0 out of 5 stars Superb, 25 Jul 2001
By Franco Arda (Hong Kong) - See all my reviews
(REAL NAME)   
A fantstic book on Excel modelling for Equities, Equity Options, and Bond Options that fills the lack of books on this topic nicely.

It's probably best to compare it to Beninga's „Financial Modelling". It differs in many ways though. It's more compact (250 pages instead of 600), with less detailed explanations, leaves Corporate Finance completely out, and covers fewer topics but to a more advanced step.

The book deserves definitely „advanced", since the equity section was developed for an MBA elective at London Business School. The parts on options and bonds compromise a course for the MSc in Mathematical Trading & Finance at City University Business School.

Standard material covered: porfolio theory and efficient frontiers / the CAPM, beta and covariance matrices / performance measurement / the Black & Scholes formula / binomial trees for equity and bond options / Monte Carlo simulation / bond yield-to-maturity, duration and convexity / term structure models from Vasicek and Cox, Ingersoll and Ross.

Advanced topics: value at risk / style analysis / an improved binomial tree (Leisen&Refmer) / quasi Monte Carlo simulation / volatility smiles / Black, Derman & Toy trees / normal interest rate trees.

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5 of 6 people found the following review helpful:
5.0 out of 5 stars Very good indeed..., 12 Sep 2002
Excellent for those interested on Excel/VBA modelling. It's compact, clear, easy to follow and to understand. It covers all you need to know from portfolio theory to more advanced topics such as VAR, volatilities smiles and normal interest rate trees. Good spreadsheets examples and VBA functions in the CD-ROM. It's probably not so good for advanced programmers but it's an excellent book for those who want to develop their knolewdge of modelling in finance. I liked it very much...well done !
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Most Recent Customer Reviews

1.0 out of 5 stars Not worth buying or location on your shelf
To summarize, it is like a very simple recipes book about some models in finance. It is not to teach you VBA, and definitely will not teach you anything about finance. Read more
Published 13 months ago by Reader

5.0 out of 5 stars Excellent for learning VBA and finance
This is an excellent book for those learning options pricing or portfolio management using Visual Basic. Read more
Published on 7 Mar 2002

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