Keywords:
Financial mathematics, Time value of money, Interest rates, Cash-flow analysis, Bonds and annuities, Financial risk, Markets and derivatives
Synopsis
The volume lays out the principles of financial mathematics with a structured and progressive approach, designed to help students grasp the key mechanisms that drive financial markets. After introducing fundamental concepts such as interest, discounting, and the time value of money, the textbook presents the models for evaluating cash flows, bonds, loans, and annuities. A central section examines the term structure of interest rates, risk measures linked to interest rate fluctuations, and indicators for comparing alternative investments, including NPV and IRR. The volume concludes with an overview of widely used derivatives, illustrating their role in protecting portfolios and managing interest-rate risk.
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Author Biographies
Davide Provenzano, University of Palermo
Davide Provenzano is an Associate Professor of Mathematical Methods for Economics and Actuarial and Financial Sciences at the University of Palermo. His research focuses on mathematical and empirical models applied to tourism economics, the analysis of tourist flows and the causal relationships between tourism and migration flows, as well as the use of complex networks to study the temporal evolution of cryptocurrency prices and trading volumes. He also works on data analysis based on statistical–mathematical approaches. He has coordinated research projects with regional institutions and serves on the editorial boards of leading journals in tourism economics.
Andrea Consiglio, University of Palermo
Andrea Consiglio is a Full Professor of Mathematical Methods for Economics, Actuarial and Financial Sciences at the University of Palermo. His research interests include quantitative finance, public debt sustainability and high-dimensional data analysis. He has led national and international research projects and provides advisory support to national and European bodies and institutions in quantitative and financial modelling.
Simone Giansante, University of Palermo
Simone Giansante is Associate Professor of Mathematical Methods for Economics, Actuarial and Financial Sciences at the University of Palermo. His research focuses on monetary policy analysis, financial regulation, and computational models for systemic risk and payment systems. He has held academic positions at international institutions and has provided scientific consulting to central banks and regulatory bodies.
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