tailieunhanh - FINANCIAL ENGINEERING The Evolution of a Profession

The past three decades have been a remarkable period for innovation. This is no less true, and probably truer, for financial innovation. No prior period of equal length has ever witnessed anything that even comes close. This innovation has included amazing advances in financial theory, computational capability, new product design, new trading processes, new markets, and new applications. In fact, each of these innovations has supported and reinforced the others. In the early 1990s, practitioners and academics alike began to recognize that this spate of innovation was not just a passing fad. Rather, something fundamental had changed. Indeed, something had, and the new profession known as financial engineering emerged | FINANCIAL ENGINEERING The Evolution of a Profession Tanya s. Beder Cara M. Marshall Editors KOLB SERIES IN FINANCE Essential Perspectives FINANCIAL .

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