{"product_id":"the-libor-market-model-and-its-application-in-the-safex-jibar-market-von-victor-gumbo","title":"The LIBOR Market Model and its Application in the SAFEX-JIBAR Market","description":"\u003cp\u003eThe main objective of this work is to construct and  implement a LIBOR market model and a Swaptions  market model for the South African market.In his  Thesis, Victor Gumbo starts by recapitulating the  basic theory of arbitrage pricing, forward measures  and term structure models for zero-coupon bonds. He  goes on to describe and analyze the LIBOR market  models. Apart from the standard models, he goes on  to discusses market practice and provides numerous  formulae for pricing as well as terminal measure  existence. In Chapter 3, he gives a similar outline  for Swap Market models. It should be emphasized that  these models are quite complicated from a  theoretical point of view but Victor manages to give  an extremely pedagical account of this difficult  theory.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838353722\"\u003e\u003ch3\u003eWe construct and implement LIBOR and Swaptions market models for the South African market\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838353722","offer_id":39469248774237,"sku":"9783838353722","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/6dd32845-4d5e-4cd2-b3d3-11d7c2cb4262.jpg?v=1758952373","url":"https:\/\/shop.autorenwelt.de\/products\/the-libor-market-model-and-its-application-in-the-safex-jibar-market-von-victor-gumbo","provider":"Autorenwelt Shop","version":"1.0","type":"link"}