Credit Risk Transfer Instruments: and Their Role in Financial Crisis - Tapa blanda

Khan, Qaiser Abbas

 
9783847301325: Credit Risk Transfer Instruments: and Their Role in Financial Crisis
Tapa blanda
ISBN 10: 3847301322 ISBN 13: 9783847301325
Editorial: LAP LAMBERT Academic Publishing, 2011

Sinopsis

Financial crisis of 2007 has raised serious concerns regarding soundness of financial system. It has been pointed out by several academic scholars that root cause of recent turmoil is embedded deep and closely connected with innovation in credit risk transfer. This study examines the motives behind creation of derivative market and their role in financial meltdown. Among the credit derivatives the two most widely used or abused tools, credit default swaps and collateralized debt obligations, played a significant role in rapid establishment of credit derivative universe thereby leaving behind the long established equity market. The study further examines original concept of credit risk transfer along with their funding structure and dynamics of different tools highlighting the role of Regulators, Rating Agencies, Financial Institutions & contagion effects of innovation on financial industry and establishment of shadow banking. The study concludes on quotation of Terri Duhond that when car crash happens people only blame drivers rather than criticizing the authorities who allow them to drive.

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Reseña del editor

Financial crisis of 2007 has raised serious concerns regarding soundness of financial system. It has been pointed out by several academic scholars that root cause of recent turmoil is embedded deep and closely connected with innovation in credit risk transfer. This study examines the motives behind creation of derivative market and their role in financial meltdown. Among the credit derivatives the two most widely used or abused tools, credit default swaps and collateralized debt obligations, played a significant role in rapid establishment of credit derivative universe thereby leaving behind the long established equity market. The study further examines original concept of credit risk transfer along with their funding structure and dynamics of different tools highlighting the role of Regulators, Rating Agencies, Financial Institutions & contagion effects of innovation on financial industry and establishment of shadow banking. The study concludes on quotation of Terri Duhond that when car crash happens people only blame drivers rather than criticizing the authorities who allow them to drive.

Biografía del autor

The author is a graduate in Medicine. He completed his MBA in international business from The University of Birmingham, UK. His field of interest includes Financial Management particularly Structured Finance and Credit Derivatives.

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Editorial
LAP LAMBERT Academic Publishing
Año de publicación
2011
Idioma
Inglés
ISBN 10 
3847301322
ISBN 13 
9783847301325
Encuadernación
Tapa blanda
Número de páginas
68
Contacto del fabricante
no disponible
Persona responsable
no disponible