Features of *Modeling Fixed-Income Securities and Interest Rate Options:
Second Edition*

by Robert A. Jarrow

- Written to be equally useful for both the specialist and the newcomer.
- Includes an introduction to traded securities, theory, modeling, and applications.
- Takes the reader through the complete process of modelingâ*”from model construction to implementation and modeling.
- Provides a coherent theoretical framework for understanding all basic models through the Heath-Jarrow-Morton Model. This approach, widely used in the securities industry, treats all other models as special cases to enhance understanding and avoid repetition.
- MBA lecture notes and MATLAB-based software for problem solution are available at www.johnson.cornell.edu/faculty/jarrow.

- Each chapter now begins with examples to illustrate key concepts.
- New chapters enrich coverage.
- More user-friendly introduction of topics and organization of chapters.
- Expanded explanations and discussions, real world examples, and analysis bring theory alive in the classroom.