{"product_id":"callable-mortgage-bonds-von-niels-rom","title":"Callable Mortgage Bonds","description":"\n                                \n                \u003cp\u003eCallable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often offer long-term stable investments that are very attractive for pension funds. \u003c\/p\u003e\n                                \n                \n                \u003cp\u003e \u003c\/p\u003e\n                                \n                \n                \u003cp\u003eThis book focuses on the pricing and calculation of risk numbers of callable fixed-rate mortgage bonds. Owing to the, from a financial perspective, irrational behaviour of borrowers, the pricing of these instruments usually requires the use of numerical solutions. Traditionally, it has been either a Monte Carlo simulation or a Finite Difference method. This book covers both methods and, in addition, the relatively new Fourier technique. This latter technique also creates a link between the interest rate derivatives market and the market for callable mortgage bonds. Finally, a chapter presenting a model for the valuation of a mortgage credit institute’s loan book is included. \u003c\/p\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783031878886\"\u003e\u003ch3\u003eNumerical Methods and Valuation Models for Pricing and Risk Analysis\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Hardcover - 9783031878886","offer_id":54730993500485,"sku":"9783031878886","price":85.59,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/9b385066-d3ce-473b-87c6-1a348b5a8515.jpg?v=1782015678","url":"https:\/\/shop.autorenwelt.de\/en\/products\/callable-mortgage-bonds-von-niels-rom","provider":"Autorenwelt Shop","version":"1.0","type":"link"}