Commodities and Commodity Derivatives / Wiley Finance Series (PDF)

The last few years have been a watershed for the commodities, cash
and derivatives industry. New regulations and products have led to
an explosion in the commodities markets, creating a new asset for
investors that includes hedge funds as well as University
endowments, and has resulted in a spectacular growth in spot and
derivative trading.

This book covers hard and soft commodities (energy, agriculture
and metals) and analyses:

* Economic and geopolitical issues in commodities markets

* Commodity price and volume risk

* Stochastic modelling of commodity spot prices and forward
curves

* Real options valuation and hedging of physical assets in the
energy industry

It is required reading for energy companies and utilities
practitioners, commodity cash and derivatives traders in investment
banks, the Agrifood business, Commodity Trading Advisors (CTAs) and
Hedge Funds.

In Commodities and Commodity Derivatives,
Hélyette Geman shows her powerful command of the subject by
combining a rigorous development of its mathematical modelling with
a compact institutional presentation of the arcane characteristics
of commodities that makes the complex analysis of commodities
derivative securities accessible to both the academic and
practitioner who wants a deep foundation and a breadth of different
market applications. It is destined to be a "must have" on the
subject."

--Robert Merton, Professor, Harvard Business School

"A marvelously comprehensive book of interest to academics and
practitioners alike, by one of the world's foremost experts in the
field."

--Oldrich Vasicek, founder, KMV