This book presents a major innovation in the interest rate space. It explains a financially motivated extension of the LIBOR Market model which accurately reproduces the prices for plain vanilla hedging instruments (swaptions and caplets) of all strikes and maturities produced by the SABR model. The authors show how to accurately recover the whole of the SABR smile surface using their extension of the LIBOR market model. This is not just a new model, this is a new way of option pricing tha...

The New British Politics is one of the most comprehensive and successful introductions to British politics ever published. Now available in a fully revised and updated fourth edition, this clear, lively and authoritative text has an emphasis on law and order and the historical context of British politics. Written by internationally-known specialists, the book combines incisive and original analysis with direct presentation.