Disponible en Español

CEMLA Course: Financial Mathematics

November 15 - 19, 2021 


Organizing Institutions

Banco Central de Chile
Centro de Estudios Monetarios Latinoamericanos, A. C.


Session 1: Brownian processes and Itô calculus
Session 2: Black and Scholes valuation, and risk neutral valuation
Session 3: Asset pricing models and applications
Session 4: Kolmogorov equations and dynamic programming
Session 5: Numerical methods and implementation in Python


The objective of this course is to provide participants with tools from the subject of financial mathematics - with a focus on continuous-time stochastic calculus-, underscoring applications to central banking.

Aimed at

The Course is aimed at analysts, junior researchers and mid-level officials in economic research, financial stability and risk management or related areas from CEMLA’s central banks membership.


Nelson Ramírez Rondán
Directorate of Economic Research