Salih N.Neftci(1947-2009)，著名的金融學者，在資産定價、金融衍生物數學和風險管理方麵有獨到的研究。齣生於土庫曼斯坦，在美國明尼蘇達大學獲博士學位，先後在喬治·華盛頓大學、哥倫比亞大學、紐約城市大學任教，2009年4月於日內瓦去世。

陳典發，1982年南開大學研究生畢業，現任南開大學經濟學院金融係教授，金融工程研究中心主任；兼任南開大學深圳金融工程學院教授，計算金融係主任。專業研究方嚮：隨機過程理論、金融數學和金融工程。

Bestselling author Salih Neftci presents a fresh, original, informative, and up-to-date introduction to financial engineering. The book offers clear links between intuition and underlying mathematics and an outstanding mixture of market insights and mathematical materials. Also included are end-of-chapter exercises and case studies.

In a market characterized by the existence of large pools of liquid funds willing to go anywhere, anytime in search of a few points of advantage, there are new risks. Lacking experience with these new risks, firms, governmental entities, and other investors have been surprised by unexpected and often disastrous financial losses. Managers and analysts seeking to employ these new instruments and strategies to make pricing, hedging, trading, and portfolio management decisions require a mature understanding of theoretical finance and sophisticated mathematical and computer modeling skills.

Important and useful because it analyzes financial assets and derivatives from the financial engineering perspective, this book offers a different approach than the existing finance literature in financial asset and derivative analysis. Seeking not to introduce financial instruments but instead to describe the methods of synthetically creating assets in static and in dynamic environments and to show how to use them, his book complements all currently available textbooks. It emphasizes developing methods that can be used in order to solve risk management, taxation, regulation, and above all, pricing problems.

This perspective forms the basis of practical risk management. It will be useful for anyone learning about practical elements of financial engineering.

* Exercises and case studies at end of each chapter and on-line Solutions Manual provided

* Explains issues involved in day-to-day life of traders, using language other than mathematics

* Careful and concise analysis of the LIBOR market model and of volatility engineering problems