Credit Derivatives

A Primer on Credit Risk, Modeling, and Instruments

George Chacko, Anders Sjöman, Hideto Motohashi, Vincent Dessain

260 pages, parution le 03/10/2006

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Résumé

The credit risk market is the fastest growing financial market in the world, attracting everyone from hedge funds to banks and insurance companies. Increasingly, professionals in corporate finance need to understand the workings of the credit risk market in order to successfully manage risk in their own organizations; in addition, some wish to move into the field on a full-time basis. Most books in the field, however, are either too academic for working professionals, or written for those who already possess extensive experience in the area.

Credit Derivatives fills the gap, explaining the credit risk market clearly and simply, in language any working financial professional can understand. Harvard Business School faculty member George C. Chacko and his colleagues begin by explaining the underlying principles surrounding credit risk. Next, they systematically present today's leading methods and instruments for managing it. The authors introduce total return swaps, credit spread options, credit linked notes, and other instruments, demonstrating how each of them can be used to isolate risk and sell it to someone willing to accept it.

Sommaire

What Is Credit Risk?
- Introduction
- About Credit Risk
Credit Risk Modeling
- Modeling Credit Risk: Structural Approach
- Modeling Credit Risk: Alternative Approaches
Typical Credit Derivatives
- Credit Default Swaps
- Collateralized Debt Obligations

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wharton School Publishing
Auteur(s)	George Chacko, Anders Sjöman, Hideto Motohashi, Vincent Dessain
Parution	03/10/2006
Nb. de pages	260
Format	16 x 24
Couverture	Relié
Poids	570g
Intérieur	Noir et Blanc
EAN13	9780131467446
ISBN13	978-0-13-146744-6