| Аннотація | During the last decade Levy processes and other stochastic processes with jumps have become increasingly popular for modelling market fluctuations, both for risk management and option pricing purposes. More than a hundred research papers related to thistopic have been published to this date in various flnance and applied mathematics journals, leading to a considerable literature which is difficult to master for the nonspecialist. The time seems therefore ripe for a book which can give a self-containedoverview of the important aspects of this body of research in a way that can be relevant for applications.
While there exists a considerable volume of mathematical literature related to processes with jumps and Levy processes in particular, this literature is quite technical and difficult to access for readers not specialized in stochastic analysis. On the other hand many of the applications of jump processes in financial modelling use fairly sophisticated analytical and probabilistic tools which are onl |