Customer Reviews

Interest Rate Derivatives: A Practical Guide to Applications, Pricing and Modelling

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Its very very costly book. I purchased this book to understand the interest rate derivatives but only thing this book is good at is giving a breif description of construction of zero rates, which is available free on net. The main allure of this book is CD-ROM having excel models but the models do not work on Excel 2007 and above version (for previoius version I have no idea but one of my friends who used it in Excel 2003 reported some critial errors which render those models useless at best and egregious at worst, though it runs in Excel 2003 ). If you try to contact the authour there is no response as he is selling the model for a price through his website .

In essence this book has nothing to offer what is very easily available on net for free (just look at the table of contents and search on net- the first entries itself will be suffice).

So buy the book if you think you have money in your pocket to burn and you are dead averse to googling things

A good primer. Good, high-level discussion and introduction to interest rate derivatives. Thought the VBA models are broken and password protected, so impossible to troubleshoot and fix the models. The models definitely do not work with MS-Excel 2007 as MS-Excel 2007 has same-named functions as user-defined by the author. I had mixed success using MS-Excel 2003. Don't buy this for the VBA models. Though as a basic reference book, it is good, but would be made more complete with working models as without the models, the book is a bit thin.