Credit Derivatives: A Primer on Credit Risk, Modeling, and Instruments - Rilegato

Chacko, George; Sjöman, Anders; Motohashi, Hideto; Dessain, Vincent

Rilegato

ISBN 10: 0133249182 ISBN 13: 9780133249187

Casa editrice: Ft Pr, 2016

Riassunto

Now, there’s a completely up-to-date guide on credit derivatives that’s ideal for all working financial professionals and students entering the field.Credit Derivatives, Second Edition has been fully updated to explain today’s credit risk markets clearly and simply, in language any practitioner or advanced business student can understand. The authors 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. The authors, including leading practitioner George Chacko, have updated all content throughout to reflect today’s instruments, rules, and practices.For wide audiences of finance professionals, analysts, MBA/Executive MBA students and upper-level undergraduates who need a thorough understanding of modern credit derivatives.

Su questo libro

L'autore:

George Chacko (San Jose, CA) is Associate Professor of Finance at Santa Clara University's Leavey School of Business and Managing Partner at Confluentis Investments LLC. He has served as Associate Professor at Harvard Business School, Managing Director at State Street Bank, and Chief Investment Officer at Auda Alternative Investments. Chacko holds a Ph.D. and M.A. in Business Economics from Harvard and a B.S. from MIT. He currently teaches seminars on valuation throughout the US, and is author of several books.

Anders Sjöman (Paris, France) is a senior researcher for Harvard Business School’s Europe Research Center (ERC). He works across management disciplines throughout Europe, conducting research and developing intellectual material for HBS. He is an M.Sc.-graduate of the Stockholm School of Economics in Sweden.

Hideto Motohashi, manager in the Financial System Division at NTT COMWARE Corporation, consults on risk management systems with financial institutions. He completed the Advanced Study Program at MIT as a fellow. He holds a master’s degree in international management from Thunderbird, the Garvin School of International Management, and a bachelor’s degree in chemistry from Keio University, Japan.

Vincent Dessain (Paris, France) is Executive Director of the Harvard Business School’s Europe Research Center (ERC). He previously served as Senior Director of Corporate Relationships at INSEAD, in Fontainebleau, and worked in management consulting with Booz-Allen & Hamilton. He has co-authored two business education books and over 40 case studies and research notes. He holds an MBA from Harvard Business School, a law degree from Leuven University, and a Business Administration degree from Louvain University.

Chacko and Sjöman are co-authors of The Global Economic System (FT Press).

Dalla quarta di copertina:

TODAY’S COMPLETE GUIDE TO CREDIT RISK MARKETS AND APPLICATIONS FOR EVERY FINANCIAL PROFESSIONAL

• Simple, yet rigorous explanations: no credit derivatives experience necessary
• Covers principles, models, techniques, and widely used credit instruments, including CDSs and CDOs
• Now includes detailed coverage of solving business problems with credit-sensitive instruments

Today’s credit risk market is immense—and immensely important, attracting everyone from hedge funds to banks and insurers. Today, corporate finance professionals must understand credit risk, both to manage risk in their own organizations and to consult with their clients. Most books in the field, however, are either too academic, or assume extensive experience.Credit Derivatives, Revised Edition, fills the gap, explaining the credit risk market clearly and simply, in language any working financial professional can understand.

 

The authors first explain the underlying principles of credit, and the various risks associated with extending loans and other types of credit. Next, they systematically present today’s leading methods and instruments for managing credit risk. You’ll learn how models can be used to gauge credit risk, and how credit derivatives can be used to isolate the risk and sell it to someone willing to accept it.

 

The authors introduce several of these credit derivatives—such as total return swaps, credit spread options, and credit linked notes—and devote two chapters to CDSs and CDOs, some of the market’s most widely used credit instruments. They conclude with a brand-new chapter on using credit-sensitive instruments to solve problems in industries ranging from utilities to biotech to insurance.

Su questa edizione

• Editore: Ft Pr
• Data di pubblicazione: 2016
• ISBN 10: 0133249182
• ISBN 13: 9780133249187
• Rilegatura: Copertina rigida
• Numero di pagine: 296