The Algebra of Cash Flows: Theory and Application

@inproceedings{Huerlimann2003TheAO,
  title={The Algebra of Cash Flows: Theory and Application},
  author={Werner Huerlimann},
  year={2003}
}
AbstractThe following sections are included:IntroductionTerm Structure of Interest RatesThe Cash Flow Polynomial RingThe Economic Multiplication and Division of Cash FlowsThe Probabilistic Notions of Duration and ConvexityConvex Order and Immunization TheoryImmunization of Liability Cash Flow ProductsExamplesConclusionsAcknowledgmentReferencesAppendix 1Appendix 2 

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