Cover image of Financial Theory - Video

Financial Theory - Video

Financial Theory - Video

Ranked #1

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17 - Callable Bonds and the Mortgage Prepayment Option

17 - Callable Bonds and the Mortgage Prepayment Option

This lecture is about optimal exercise strategies for callable bonds, which are bonds bundled with an option that allows... Read more

31 Mar 2011

1hr 12mins

Ranked #2

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18 - Modeling Mortgage Prepayments and Valuing Mortgages

18 - Modeling Mortgage Prepayments and Valuing Mortgages

A mortgage involves making a promise, backing it with collateral, and defining a way to dissolve the promise at prearran... Read more

31 Mar 2011

1hr 12mins

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Ranked #3

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20 - Dynamic Hedging

20 - Dynamic Hedging

Suppose you have a perfect model of contingent mortgage prepayments, like the one built in the previous lecture. You are... Read more

31 Mar 2011

1hr 12mins

Ranked #4

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26 - The Leverage Cycle and Crashes

26 - The Leverage Cycle and Crashes

In order to understand the precise predictions of the Leverage Cycle theory, in this last class we explicitly solve two ... Read more

31 Mar 2011

1hr 10mins

Most Popular Podcasts

Ranked #5

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09 - Yield Curve Arbitrage

09 - Yield Curve Arbitrage

Where can you find the market rates of interest (or equivalently the zero coupon bond prices) for every maturity? This l... Read more

29 Mar 2011

1hr 15mins

Ranked #6

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22 - Risk Aversion and the Capital Asset Pricing Theorem

22 - Risk Aversion and the Capital Asset Pricing Theorem

Until now we have ignored risk aversion. The Bernoulli brothers were the first to suggest a tractable way of representin... Read more

31 Mar 2011

1hr 16mins

Ranked #7

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23 - The Mutual Fund Theorem and Covariance Pricing Theorems

23 - The Mutual Fund Theorem and Covariance Pricing Theorems

This lecture continues the analysis of the Capital Asset Pricing Model, building up to two key results. One, the Mutual ... Read more

31 Mar 2011

1hr 16mins

Ranked #8

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19 - History of the Mortgage Market: A Personal Narrative

19 - History of the Mortgage Market: A Personal Narrative

I explain how, as a mathematical economist, I became interested in the practical world of mortgage securities, and how I... Read more

31 Mar 2011

1hr 19mins

Ranked #9

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15 - Uncertainty and the Rational Expectations Hypothesis

15 - Uncertainty and the Rational Expectations Hypothesis

According to the rational expectations hypothesis, traders know the probabilities of future events, and value uncertain ... Read more

31 Mar 2011

1hr 16mins

Ranked #10

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10 - Dynamic Present Value

10 - Dynamic Present Value

In this lecture we move from present values to dynamic present values. If interest rates evolve along the forward curve,... Read more

29 Mar 2011

1hr 9mins

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