Credit Derivatives: Application, Pricing, and Risk Management (英語) ハードカバー – 2005/2/11
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The market for credit derivatives--financial instruments designedto transfer credit risk from one party to another--has grownexponentially in recent years, with volume expected to reach morethan $4.8 trillion by 2004. With demand increasing from the privatesector for finance professionals trained in the opportunities--anddangers--inherent in this fast-changing market, finance courses arealready springing up to meet this need.
- Explains the field of credit derivatives to business studentswith a background in finance
- Cites real-world examples throughout, reinforced byend-of-chapter questions and internet links to pricing models
- Provides a concise overview of the field that is ideal forinstructors seeking to supplement traditional derivatives coursematerial, as well as those looking to offer a stand-alone course oncredit derivatives.
"Gunter Meissner has pulled off the nearly impossible in this veryvaluable book on credit risk and credit derivatives. The book hassomething practical and useful for everyone from serious studentsof finance to very senior management and experienced creditmodelers."
Donald R. van Deventer, Chairman and CEO, KamakuraCorporation
with ease and grace. Haven't found a so easy read.
Liked mostly the applicaton chapter 4. The pricing chapter 5 is also easy to follow. The Merton extensions could have used more meat (too much math).
I was fooled by positive ratings as so often is the problem in Amazon. This book only to enhance author's nice lifestyle in Honolulu.