CIMPA-UNESCO-MOROCCO School

Marrakech, April 9-20, 2007

Stochastic Models in Mathematical Finance

Co-organized with M. Eddahbi (Universite Cadi Ayyad, Marrakech, Morocco), S. Hamadene (Universite du Maine (Le Mans, France)), Y. Ouknine (Universite Cadi Ayyad, Marrakech)

Objectives :
The main objective of the School is to provide lectures for students and young researchers in order to familiarize them with the concepts of stochastic calculus in finance. The professors will explore some classical topics in mathematical finance (option pricing, risk measure, default risk, calibration, …)

Organizing institutions:
1) Académie Hassan II des Sciences et Techniques Rabat, Morocco
2) Centre International de Mathématiques Pures et Appliquées, Nice, France
3) Université Cadi Ayyad, Facultés des Sciences Semlalia Marrakech, Morocco

Working languages: French, English

Scientific program and invited speakers:

·         ”Introduction to Interest Rate Theory” T. Björk (Stockholm, Sweden)

·         Risk measures and BSDEs” N. El Karoui (Paris, France)

·         ”Models for trading climate risk, Symmetric information in financial markets” P. Imkeller (Berlin, Germany)

·         “Stochastic processes with jumps and applications in finance” M. Jeanblanc (Evry, France)

·         “Equilibrium models with beliefs heterogeneity” E. Jouini (Dauphine, France)

·         Valuation and hedging of credit risk” M. Rutkowski (Warsaw, Poland)

·         On the model risk in finance” D. Talay (Nice, France)

·         “Portfolio allocation models” Ali Lazrak, Slides, Empirical facts

Prerequisites :
Standard Stochastic Calculus especially in continuous time: Filtration, Brownian Motion, Martingale, Itô Formula, Stochastic Differential Equations, Martingale Representation Property, Poisson Process, Girsanov Theorem, …

Deadline for registration : January 31, 2007. You can contact me at lazrak@sauder.ubc.ca.