Table of Contents:
  • ANHA series preface
  • Preface
  • Career highlights and list of publications / Dilip B. Madan
  • PART I. VARIANCE-GAMMA AND RELATED STOCHASTIC PROCESSES. The early years of the variance-gamma process
  • Variance-gamma and Monte Carlo
  • Some remarkable properties of gamma processes
  • A note about Selberg's integrals in relation with the beta-gamma algebra
  • itô formulas for fractional Brownian motion
  • PART II. ASSET AND OPTION PRICING. A tutorial on zero volatility and option adjusted spreads
  • Asset price bubbles in complete markets
  • Taxation and transaction costs in a general equilibrium asset economy
  • Calibration of Lévy term structure models
  • Pricing of swaptions in affine term structures with stochastic volatility
  • Forward evolution equations for knock-out options
  • Mean reversion versus random walk in oil and natural gas prices
  • PART III. CREDIT RISK AND INVESTMENTS. Beyond hazard rates: a new framework for credit-risk modelling
  • A generic one-factor Lévy model for pricing synthetic CDOs
  • Utility valuation of credit derivatives: single and two-name cases
  • Investment and valuation under backward and forward dynamic exponential utilities in a stochastic factor model.