TODAY’S COMPLETE GUIDE TO CREDIT RISK MARKETS AND APPLICATIONS FOR EVERY FINANCIAL PROFESSIONAL
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.
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Descripción Hardcover. Condición: Very Good. Estado de la sobrecubierta: Very Good. No marks in text. Not a library book. Ships in a cardboard enclosure, from Tim's Used Books, open shop in Provincetown, Massachusetts. Founded 1991 on the principle of good books at sane prices. 11 2 23. Nº de ref. del artículo: 0000836