Author Biography

John Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He is an internationally recognized authority on derivatives and risk management with many publications in this area. His work has an applied focus. In 1999 he was voted Financial Engineer of the Year by the International Association of Financial Engineers. He has acted as consultant to many North American, Japanese, and European financial institutions. He has won many teaching awards, including University of Toronto's prestigious Northrop Frye award.

Table of Contents

IntroductionFutures Markets and Central CounterpartiesHedging Strategies Using FuturesInterest RatesDetermination of Forward and Futures PricesInterest Rate FuturesSwapsSecuritization and the Credit Crisis of 2007Mechanics of Options MarketsProperties of Stock OptionsTrading Strategies Involving OptionsIntroduction to Binomial TreesValuing Stock Options: The Black–Scholes–Merton ModelEmployee Stock OptionsOptions on Stock Indices and CurrenciesFutures Options and Black's ModelThe Greek LettersBinomial Trees in PracticeVolatility SmilesValue at Risk and Expected ShortfallInterest Rate OptionsExotic Options and Other Nonstandard ProductsCredit DerivativesWeather, Energy, and Insurance DerivativesDerivatives Mishaps and What We Can Learn from Them

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