© Wiley Periodicals, Inc.
Edited By: Jerome Detemple
Impact Factor: 1.0
ISI Journal Citation Reports © Ranking: 2012: 21/45 (Social Sciences Mathematical Methods); 35/89 (Business Finance); 44/93 (Mathematics Interdisciplinary Applications); 131/333 (Economics)
Online ISSN: 1467-9965
Mathematical Finance publishes articles that investigate the interface between mathematics and finance. Financial theory, financial engineering, and related mathematical and statistical techniques are examples of suitable topics. Papers in financial theory may involve stochastic processes, game theory, optimization theory, or similar topics in the mathematical sciences. Papers in financial engineering should be similar but emphasize the development of practical tools and products for the financial industry.
The journal also seeks papers on new statistical methods for the analysis of financial problems. Empirical results are appropriate to the extent that they illustrate a statistical technique, enrich an example, or validate a model. However, papers whose significance rests on empirical results derived with standard approaches are not suitable. Similarly, papers that present simulation results or computation experience with algorithms are encouraged, provided these results are crucial to a financial application.
While every paper will involve mathematics, each paper must make clear its contribution to finance. The paper that only uses advanced mathematics in routine ways, for example, will be eschewed.
In summary, Mathematical Finance serves as a forum for bringing together financial researchers, financial practitioners, and mathematical scientists. Submitted papers will be screened by one of the three editors. A paper that is clearly unsuitable will be returned immediately to the author. Otherwise, an associate editor conducts the primary evaluation. This associate editor may seek the opinions of outside reviewers who are usually aware of the identity of the author. The associate editor then prepares a recommendation for the editors. If the recommendation is to revise or reject the paper, then normally this is the final decision. At least two of the three editors must be in favor of acceptance for publication to occur.
Editorial Board members and editors are welcome to submit papers to the journal. The review process for Editoral Board members' papers is the same as outlined above. For the editors, however, the other editors direct the review process and their decision is reviewed by the Advisory Board.
Authors will be required to assign copyright in their paper to Mathematical Finance. Copyright assignment is a condition of publication and papers will not be passed to the publisher for production unless copyright has been assigned. (Papers subject to government or Crown copyright are exempt from this requirement.) To assist authors an appropriate copyright assignment form will be supplied by the editorial office.
Go to mc.manuscriptcentral.com/MAFI and create an account with Mathematical Finance, if you do not already have an account, by clicking on the create account tab at the upper right and then log in to make your submission. The contents must represent original and unpublished work and the paper should not be considered for publication elsewhere. There is no submission charge.
The paper should be formatted as follows. Double-space all lines, including footnotes and references. The title page should include the authors, their affiliations, key words, and a short abstract. Acknowledgements, if any, should appear on the title page as a footnote.
Begin with an introductory section that briefly summarizes the main results and explains the paper's significance and contribution to finance. This introduction should be accessible to the knowledgeable reader who perhaps does not thoroughly understand the mathematics used in the paper. Indeed, without sacrificing precision and rigor, authors using considerable mathematics must take a special effort to facilitate the communication of their technical results. For instance, proofs can be accompanied by remarks that help the reader develop intuition about the underlying arguments, and examples can illuminate important concepts.
Results should be presented in a careful and mathematically rigorous fashion. A theorem-proof format may be appropriate, in which case the proofs can immediately follow the corresponding theorems or be placed in an appendix. All items, except main headings, requiring numbers should be double-numbered by sections, each presented as a separate paragraph (e.g. , Lemma 2.1.); the statements themselves should be in italics. If it is necessary to number a displayed equation, it should be double-numbered (by section) on the left. Mathematical symbols should be in italics unless, of course, another typeface is necessary (e.g. , boldface, roman). A short concluding section may be useful for summarizing the technical results in a qualitative fashion.
The backmatter should appear as follows: appendix (if any), references, footnotes (if any) numbered consecutively starting with 1, and, finally, any tables and figures, which should be high-quality reproductions.
References should be cited in the text by author and (in parentheses) year of publication. References at the end of the manuscript should be arranged alphabetically by author and follow the style of these examples:
Gibbons, M. R. , S. A. Ross, and J. Shanken (1989): A Test of the Efficiency of a Given Portfolio. ' Econometrica, 57, 1121-1152.
Hakansson, N. (1979): 'A Characterization of Optimal Multiperiod Portfolio Policies,' in Portfolio Theory, 25 Years After: Essays in Honor of Harry Markowitz, eds. E. Elton and M. Gruber. Amsterdam: North-Holland, 169-177
Merton, R. C. (1990): Continuous-Time Finance. Cambridge: Basil Blackwell.
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