Understanding Credit Derivatives and Related Instruments

Understanding Credit Derivatives and Related Instruments, Second Edition is an intuitive, rigorous overview that links the practices of valuing and trading credit derivatives with academic theory. Rather than presenting highly technical explorations, the book offers summaries of major subjects and the principal perspectives associated with them. The book's centerpiece is pricing and valuation issues, especially valuation tools and their uses in credit models. Five new chapters cover practices that have become commonplace as a result of the 2008 financial crisis, including standardized premiums and upfront payments. Analyses of regulatory responses to the crisis for the credit derivatives market (Basel III, Dodd-Frank, etc.) include all the necessary statistical and mathematical background for readers to easily follow the pricing topics. Every reader familiar with mid-level mathematics who wants to understand the functioning of the derivatives markets (in both practical and academic contexts) can fully satisfy his or her interests with the comprehensive assessments in this book. Explores the role that credit derivatives played during the economic crisis, both as hedging instruments and as vehicles that potentially magnified losses for some investors Comprehensive overview of single-name and multi-name credit derivatives in terms of market specifications, pricing techniques, and regulatory treatment Updated edition uses current market statistics (market size, market participants, and uses of credit derivatives), covers the application of CDS technology to other asset classes (CMBX, ABX, etc.), and expands the treatment of individual instruments to cover index products, and more

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  • Author : Antulio N. Bomfim
  • Publisher : Academic Press
  • Pages : 420 pages
  • ISBN : 0128004908
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKUnderstanding Credit Derivatives and Related Instruments

Understanding Credit Derivatives and Related Instruments

Understanding Credit Derivatives and Related Instruments
  • Author : Antulio N. Bomfim
  • Publisher : Academic Press
  • Release : 23 November 2015
GET THIS BOOKUnderstanding Credit Derivatives and Related Instruments

Understanding Credit Derivatives and Related Instruments, Second Edition is an intuitive, rigorous overview that links the practices of valuing and trading credit derivatives with academic theory. Rather than presenting highly technical explorations, the book offers summaries of major subjects and the principal perspectives associated with them. The book's centerpiece is pricing and valuation issues, especially valuation tools and their uses in credit models. Five new chapters cover practices that have become commonplace as a result of the 2008 financial crisis, including

The Risks and Benefits of Credit Default Swaps and the Impact of a New Regulatory Environment

The Risks and Benefits of Credit Default Swaps and the Impact of a New Regulatory Environment
  • Author : Christoph Theis
  • Publisher : Haupt Verlag AG
  • Release : 07 December 2021
GET THIS BOOKThe Risks and Benefits of Credit Default Swaps and the Impact of a New Regulatory Environment

Since the breakout of the current financial crisis and the failures of system-relevant financial institutions such as Lehman Brothers, Bear Stearns and AIG, credit default swaps (CDSs) are being perceived as a double-edged sword and are the subject of a lively discussion in the academic community as well as in the media. In addition, a new regulatory framework is currently under way to be implemented at the European level, which will have a significant impact on CDS market participants. The

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  • Author : S.L. GUPTA
  • Publisher : PHI Learning Pvt. Ltd.
  • Release : 01 July 2017
GET THIS BOOKFINANCIAL DERIVATIVES

This highly acclaimed text, designed for postgraduate students of management, commerce, and financial studies, has been enlarged and updated in its second edition by introducing new chapters and topics with its focus on conceptual understanding based on practical examples. Each derivative product is illustrated with the help of diagrams, charts, tables and solved problems. Sufficient exercises and review questions help students to practice and test their knowledge. Since this comprehensive text includes latest developments in the field, the students pursuing

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  • Publisher : Springer
  • Release : 12 July 2018
GET THIS BOOKCredit Default Swaps

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as comprehensively summarizes the empirical evidence on important aspects of these instruments of risk transfer. Full-time academics, researchers at financial institutions, and students will benefit from the dispassionate and comprehensive summary of the academic literature; they

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  • Publisher : CRC Press
  • Release : 22 August 2008
GET THIS BOOKInsider Trading

Essential Reading on an Expanding Phenomenon The recent growth in mergers and acquisitions worldwide has been accompanied by a resurgence in insider trading on a scale not witnessed since the 1980s takeovers boom. Given the greater emphasis on insider trading in the global securities markets, this text combines the latest law and finance research on this ever-intriguing area with timely, expert perspectives to comprehensively cover the established US, European, and Asia-Pacific securities markets, as well as the key emerging markets

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  • Author : Richard Bruyere,Regis Copinot,Loic Fery,Christophe Jaeck,Thomas Spitz
  • Publisher : John Wiley & Sons
  • Release : 14 June 2006
GET THIS BOOKCredit Derivatives and Structured Credit

Over the past decade, credit derivatives have emerged as the key financial innovation in global capital markets. At end 2004, the market size hit $6.4 billion (in notional amounts) from virtually nothing in 1995. This rise has been spurred by the imperative for banks to better manage their risks, not least credit risks, and the appetite shown by institutional investors and hedge funds for innovative, high yielding structured investment products. As a result, growth in collateralized debt obligations and other second-generation products, such

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  • Publisher : American Mathematical Soc.
  • Release : 07 December 2021
GET THIS BOOKMathematics in Finance

This volume contains survey papers on mathematical finance based on some courses given at the ""Lluis Santalo"" Summer School of the Real Sociedad Matematica Espanola, held in July 2007 at the Universidad Internacional Menendez Pelayo, Santander (Spain). The primary topics are pathwise approximations of stochastic differential equations, Hedge funds, and credit derivatives. The paper by L. Seco and F. Chen provides a systematic survey of hedge funds from a rigorous mathematical point of view. The related paper by M. Escobar, S.

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  • Author : Michael I. C. Nwogugu
  • Publisher : Springer
  • Release : 09 March 2019
GET THIS BOOKIndices, Index Funds And ETFs

Indices, index funds and ETFs are grossly inaccurate and inefficient and affect more than €120 trillion worth of securities, debts and commodities worldwide. This book analyzes the mathematical/statistical biases, misrepresentations, recursiveness, nonlinear risk and homomorphisms inherent in equity, debt, risk-adjusted, options-based, CDS and commodity indices – and by extension, associated index funds and ETFs. The book characterizes the “Popular-Index Ecosystems,” a phenomenon that provides artificial price-support for financial instruments, and can cause systemic risk, financial instability, earnings management and inflation. The

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  • Author : Wolfgang Schöpf
  • Publisher : diplom.de
  • Release : 23 July 2010
GET THIS BOOKCredit Default Swap Trading Strategies

Inhaltsangabe:Introduction: Credit default swaps are by far the most often traded credit derivatives and the credit default swap markets have seen tremendous growth over the past two decades. Put simply, a credit default swap is a tradeable contract that provides insurance against the default of a certain debtor. Initially, when the first form of a credit default swap (CDS) was traded in 1991, they were mainly used by commercial banks in order to lay off credit risk to insurance companies.

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  • Author : Management Association, Information Resources
  • Publisher : IGI Global
  • Release : 01 December 2017
GET THIS BOOKRisk and Contingency Management: Breakthroughs in Research and Practice

In business, mistakes and errors will inevitably occur. As such, organizations must be constantly alert and ready to meet challenges head-on. Risk and Contingency Management: Breakthroughs in Research and Practice is a comprehensive reference source for the latest scholarly material on trends and techniques for the prediction and evaluation of financial risks and how to diminish their effect. Highlighting a range of pertinent topics such as project management, risk auditing and reporting, and resource management, this multi-volume book is ideally

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  • Author : Alain Ruttiens
  • Publisher : John Wiley & Sons
  • Release : 25 April 2013
GET THIS BOOKMathematics of the Financial Markets

Mathematics of the Financial Markets Financial Instruments and Derivatives Modeling, Valuation and Risk Issues Alain Ruttiens There are many books dedicated to the quantitative finance field but these are either devoted to a specific type of financial instrument, combining both the products description and use in the market and their quantitative aspects, or to a specific mathematical or statistical/econometric theory, or otherwise, with an impressive degree of mathematical formalism which needs a high degree of competence in mathematics, econometrics

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  • Author : Brian P. Lancaster,Glenn M. Schultz,Frank J. Fabozzi
  • Publisher : John Wiley & Sons
  • Release : 20 June 2008
GET THIS BOOKStructured Products and Related Credit Derivatives

Filled with the insights of numerous experienced contributors, Structured Products and Related Credit Derivatives takes a detailed look at the various aspects of structured assets and credit derivatives. Written over a period spanning the greatest bull market in structured products history to arguably its most challenging period, this reliable resource will help you identify the opportunities and mitigate the risks in this complex financial market.

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The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared

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  • Publisher : Oxford University Press
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