–Christopher L. Culp, PhD, Adjunct Associate Professor of Finance at The University of Chicago′s Graduate School of Business and Managing Director at CP Risk Management LLC
"The third edition of Kolb and Overdahl presents a nice blend of theory and application of financial derivatives. The concise anthology introduces institutional background and valuation issues and then shows how each instrument can be used to manage risk. This book is sure to be of interest to risk managers as well as business students about to embark on their finance careers."
–Steve Swidler, J. Stanley Mackin Professor of Finance, Auburn University
"Financial Derivatives is an excellent, accessible introduction to some of the fastest growing markets in modern finance. Kolb and Overdahl clearly explain the uses (as well as the problems underlying several well–publicized abuses) of financial derivatives as risk management tools. Practitioners, regulators, and students of finance will all profit from exercising their option to acquire this book."
–Michael Ferguson, Assistant Professor of Finance, University of Cincinnati
CHAPTER 2: Futures.
CHAPTER 3: Risk Management with Futures Contracts.
CHAPTER 4: Options.
CHAPTER 5: Risk Management with Options Contracts.
CHAPTER 6: The Swaps Market.
CHAPTER 7: Risk Management with Swaps.
CHAPTER 8: Financial Engineering and Structured Products.
QUESTIONS AND PROBLEMS WITH ANSWERS.
JAMES A. OVERDAHL is Chief Economist at the Commodity Futures Trading Commission in Washington, D.C. Previously, Overdahl worked in the Risk Analysis Division at the Office of the Comptroller of the Currency, performing on–site assessments of risk measurement models employed by banks to manage their exposure to risks resulting from derivatives trading and dealing activities. Overdahl has also been a senior economist with the Securities and Exchange Commission, and an adjunct professor of business at Georgetown University, Virginia Polytechnic Institute, George Mason University, and Johns Hopkins University, where he taught MBA courses on investment management, industrial organization, and derivative instruments.