Author Description

This book focuses on fair valuation methodology and its implications for the management of financial institutions and regulations. It explains how different investment instruments are used and priced in contexts such as valuing corporations and capital budgeting.LIn addition, Financial Modeling for Financial Institutions offers a unique and coherent framework for developing financial models with real-world applications. It starts with fundamental security models such as the bond model and Black-Scholes model, then uses the binomial lattice method to expand coverage to other securities, from simple to complex. A companion website contains downloadable ExcelRG files of all the financial models relevant to the financial institutions industry.