Front Matter -- Overview. The History of Financial Engineering from Inception to Today / Tanya Beder -- Careers in Financial Engineering / Spencer Jones -- A Profile of Programs and Curricula with a Financial Engineering Component / John Cornish -- Financial Engineering and the Evolution of Major Markets. The Fixed Income Market / Peruvemba Satish -- The U.S. Mortgage Market / Bruce Mcnevin -- The Equity Market / Gary L Gastineau, John F Marshall -- The Foreign Exchange Market / Laurent L Jacque -- The Commodity Market / Helen Lu, Cara M Marshall -- The Credit Market / Frank Iacono -- Key Applications of Financial Engineering. Securitized Products / Konstantin Braun -- Structured Products / Timothy A Day -- Thoughts on Retooling Risk Management / Tanya Beder, Spencer Jones -- Financial Engineering and Macroeconomic Innovation / Cara M Marshall, John H O'connell -- Independent Valuation for Financially-Engineered Products / Cindy W Ma, Andrew Macnamara -- Quantitative Trading in Equities / Kun Gao -- Systematic Trading in Foreign Exchange / Chris Attfield, Mel Mayne -- Case Studies in Financial Engineering: The Good, The Bad, and The Ugly. Case Studies Introduction / Penny Cagan -- Mortgage Case Studies: Countrywide and Northern Rock -- Derivatives Case Studies: SocGen, Barings, and Allied Irish/Allfirst -- Fixed Income Case Study, Swap Market: The Allstate Corporation -- Lessons from Funds: LTCM, Florida, and Orange County -- Credit Derivatives Case Studies: AIG and Merrill Lynch -- Special Topics in Financial Engineering. Performance Fees / Mark P Kritzman -- Musings About Hedging / Ira Kawaller -- Operational Risk / Monique Miller -- Legal Risk / Jordana Krohley -- Portable Alpha / Tanya Beder, Giovanni Beliossi -- The No-Arbitrage Condition in Financial Engineering: Its Use and Misuse / Andrew Aziz -- Influencing Financial Innovation: The Management of Systemic Risks and the Role of the Public Sector / Todd Groome, John Kiff, Paul Mills -- Appendices. Appendix A: It Tools for Financial Asset Management and Engineering -- Appendix B: About the Companion Website -- About the Editors -- Index -- Glossary.

pt. 1. Overview -- pt. 2. Financial engineering and the evolution of major markets -- pt. 3. Key applications of financial engineering -- pt. 4. Case studies in financial engineering : the good, the bad, and the ugly -- pt. 5. Special topics in financial engineering -- pt. 6. Appendices.

"A comprehensive guide to the essential aspects of financial engineering Divided into four informative parts, this resource puts financial engineering in perspective and gives readers a better understanding of how it can be applied in real-world situations. Readers will gain familiarity with the different players, developments, and products of various markets-from fixed income, equity, and derivatives to foreign exchange-and learn about the role financial engineering has played in each one. Financial engineering is widely accepted around the globe, and this book has the information and insights that will allow readers to enhance their understanding of such a complex field. Part of the Robert W. Kolb Series in Finance, this book will be the essential guide to this complex and ever-evolving topic. Tanya S. Beder (New York, NY) is currently Chairman of SBCC in New York. She has written numerous articles in the financial area that have been published. Cara M. Marshall (Port Jefferson, NY) co-founded Marshall, Tucker & Associates, which has served the financial services industry since the 1980s as a derivatives consulting and financial engineering firm. Robert W. Kolb (Chicago, IL) is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University, Chicago."-- Provided by publisher.

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