### Review

### About the Author

Claus Munk holds a PhD in Economics (1997) and an MSc in Mathematics-Economics (1993) from the University of Southern Denmark, where he also served as Assistant, Associate, and full Professor in the period 1996-2008. His primary research areas are financial derivatives, asset allocation, general asset pricing theory, and the application of numerical methods in finance. His research has been published in journals such as Journal of Financial Economics, Review of Derivatives Research, Journal of Banking and Finance, European Finance Review, and Journal of Economic Dynamics and Control.