Introduction To Pseudo-differential Operators, An (2nd Edition)

This is the first systematic and extensive book on exotic options. The book covers essentially all popular exotic options currently trading in the Over-the-Counter (OTC) market, from digitals, quantos, spread options, lookback options, Asian options, vanilla barrier options, to various types of exotic barrier options and other options. Each type of exotic options is largely written in a separate chapter, beginning with the basic concepts of the products and then moving on to how to price them in closed-form solutions. Many pricing formulae and analyses which have not previously appeared in the literature are included and illustrated with detailed examples. It will be of great interest to traders, marketers, analysts, risk managers, professors, graduate students, and anyone who is interested in what is going on in the rapidly changing financial market.In this new edition of An Introduction to Pseudo-Differential Operators, the style and scope of the original book are retained. A chapter on the interchange of order of differentiation and integration is added at the beginning to make the book more self-contained, and a chapter on weak solutions of pseudo-differential equations is added at the end to enhance the value of the book as a work on partial differential equations. Several chapters are provided with additional exercises. The bibliography is slightly expanded and an index is added.