Credit Derivatives: Instruments, Applications, and Pricing, Mark J. P. Anson
јвтор: Ross Stephen Ќазвание: Core principles and applications of Corporate Finance, global edition ISBN: 0071221166 ISBN-13(EAN): 9780071221160 »здательство: McGraw-Hill –ейтинг: ÷ена: 3657 р. 5224.00-30% Ќаличие на складе: ≈сть (1 шт.) ќписание: Conveys important corporate finance concepts and applications. This text distills the subject of corporate finance down to its core, while also maintaining a decidedly modern approach.
ќписание: Property derivatives have the potential to revolutionize real estate - the last major asset class without a liquid derivatives market. The new instruments offer ease and flexibility in the management of property risk and return.
ќписание: . Understanding Credit Derivatives and Related Instruments, Second Edition is an intuitive, rigorous overview that links the practices of valuing and trading credit derivatives with academic theory. Rather than presenting highly technical explorations, the book offers summaries of major subjects and the principal perspectives associated with them. The book's centerpiece is pricing and valuation issues, especially valuation tools and their uses in credit models. Five new chapters cover practices that have become commonplace as a result of the 2008 financial crisis, including standardized premiums and upfront payments. Analyses of regulatory responses to the crisis for the credit derivatives market (Basel III, Dodd-Frank, etc.) include all the necessary statistical and mathematical background for readers to easily follow the pricing topics. . Every reader familiar with mid-level mathematics who wants to understand the functioning of the derivatives markets (in both practical and academic contexts) can fully satisfy his or her interests with the comprehensive assessments in this book.
ќписание: This is a comprehensive source that explains the various instruments in the market, their economic value and how to document trades. This edition includes enhanced treatment of US and worldwide regulatory issues, and new product structures.
ќписание: Offers a comprehensive introduction to the credit derivatives market. This title provides summaries of the major subjects and the principal perspectives associated with them. It covers pricing and valuation issues, giving discussions of different valuation tools and their use in credit models. It discusses the main types of credit derivatives.
ќписание: Credit risk is one of the oldest forms of risk in the financial markets, and still revolutionary changes and developments are taking place in the credit markets today. This work contributes to the efforts of academics and practitioners to explain credit markets, price default related financial instruments such as defaultable fixed and floating rate debt, credit derivatives, and other securities with embedded credit risk. The whole process, from the specification of the underlying stochastic processes to the estimation of the parameters and calibration to market data is shown. The models proposed are validated in a lot of in- and out-of-sample statistical tests. Typical applications such as bond portfolio optimization under the consideration of credit risk are discussed in depth.
ќписание: The credit derivatives market is booming and, for the first time, expanding into the banking sector which previously has had very little exposure to quantitative modeling. This phenomenon has forced a large number of professionals to confront this issue for the first time. Credit Derivatives Pricing Models provides an extremely comprehensive overview of the most current areas in credit risk modeling as applied to the pricing of credit derivatives. As one of the first books to uniquely focus on pricing, this title is also an excellent complement to other books on the application of credit derivatives. Based on proven techniques that have been tested time and again, this comprehensive resource provides readers with the knowledge and guidance to effectively use credit derivatives pricing models. Filled with relevant examples that are applied toal-world pricing problems, Credit Derivatives Pricing Models paves a clear path for a better understanding of this complex issue. Dr. Philipp J. Schonbucher is a professor at the Swiss Federal Institute of Technology (ETH), Zurich, and has degrees in mathematics from Oxford University and a PhD in economics from Bonn University. He has taught various training courses organized by ICM and CIFT, and lectured at risk conferences for practitioners on credit derivatives pricing, credit risk modeling, and implementation.
ќписание: The second edition of "Credit Derivatives Pricing Models" provides an updated, extremely comprehensive overview of the most current areas in credit risk
modelling as applied to the pricing of credit derivatives. This is still one of the only books to focus uniquely on pricing. Based on proven techniques that have been tested time and again
and revised for this edition, this comprehensive resource provides readers with the knowledge and guidance to effectively use credit derivatives pricing models.
new examples that are applied to real-world pricing problems, this book paves a clear path for a better understanding of this complex issue.
ќписание: Covers hard and soft commodities, including gold, crude oil, electricity, plastics, emissions and agriculturals. This book includes an explanation of the commodity and an analysis of its physical market, discussion on the typical patterns of demand and supply and the factors that influence the price of the commodity, and the main products.
ќписание: Asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle.