Wiley Handbooks in

Financial Engineering and Econometrics

Advisory Editor

Ruey S. Tsay

The University of Chicago Booth School of Business USA

The dynamic and interaction between financial markets around the world have changed dramatically under economic globalization. In addition, advances in communication and data collection have changed the way information is processed and used. In this new era, financial instruments have become increasingly sophisticated and their impacts are far-reaching. The recent financial (credit) crisis is a vivid example of the new challenges we face and continue to face in this information age. Analytical skills and ability to extract useful information from mass data, to comprehend the complexity of financial instruments, and to assess the financial risk involved become a necessity for economists, financial managers, and risk management professionals. To master such skills and ability, knowledge from computer science, economics, finance, mathematics and statistics is essential. As such, financial engineering is cross-disciplinary, and its theory and applications advance rapidly.

The goal of this Handbook Series is to provide a one-stop source for students, researchers, and practitioners to learn the knowledge and analytical skills they need to face today's challenges in financial markets. The Series intends to introduce systematically recent developments in different areas of financial engineering and econometrics. The coverage will be broad and thorough with balance in theory and applications. Each volume will be edited by leading researchers and practitioners in the area and covers state-of-the-art methods and theory of the selected topic.

Published Wiley Handbooks in Financial Engineering and Econometrics

1. Bauwens, Hafner, and Laurent · Handbook of Volatility Models and Their Applications
2. Brandimarte · Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics
3. Chan and Wong · Handbook of Financial Risk Management: Simulations and Case Studies
4. Cruz, Peters, and Shevchenko · Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk
5. James, Marsh, and Sarno · Handbook of Exchange Rates
6. Peters and Shevchenko · Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk
7. Viens, Mariani, and Florescu · Handbook of Modeling High-Frequency Data in Finance
8. Szylar · Handbook of Market Risk
9. Bali and Engle · Handbook of Asset Pricing
10. Veronesi · Handbook of Fixed-Income Securities
11. Longin · Extreme Events in Finance: A Handbook of Extreme Value Theory and its Applications

Forthcoming Wiley Handbooks in Financial Engineering and Econometrics

1. Chacko · Handbook of Credit and Interest Rate Derivatives
2. Florescu, Mariani, Stanley, and Viens · Handbook of High-Frequency Trading and Modeling in Finance
3. Jacquier · Handbook of Econometric Methods for Finance: Bayesian and Classical Perspectives
4. Starer · Handbook of Equity Portfolio Management: Theory and Practice
5. Szylar · Handbook of Hedge Fund Risk Management and Performance: In a Challenging Regulatory Environment
6. Szylar · Handbook of Macroeconomic Investing