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

4 avg rating
( 3 ratings by GoodReads )
 
9780133249187: Credit Derivatives: A Primer on Credit Risk, Modeling, and Instruments

Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry, they are now widely used by businesses of all kinds—and all financial professionals need to understand them. Credit Derivatives, Revised Edition, explains these tools simply, clearly, and rigorously: what they do, how they work, and how to use them in today’s applications.

 

The authors first show how credit risk can be measured and valued. They explain key ideas, such as recovery rates and credit spreads, and show how derivatives transfer credit risk to external investors. Next, they systematically demonstrate how credit risk models can describe and predict credit risk events. They cover structural models, including Merton and Black and Cox; empirical models, such as the Z-score model; and reduced-form models, such as Jarrow-Turnbull. The authors also present detailed explanations of two widely used instruments: credit default swaps (CDSs) and collateralized debt obligations (CDOs).

 

Finally, building on what you’ve learned, the authors offer a brand-new primer on today’s applications for financial instruments with embedded credit risk.

 

FINANCIAL STATEMENT ANALYSIS
Perform preliminary financial analysis on any potential project

 

UNDERSTAND, MEASURE, AND ASSESS CREDIT RISK
Master core concepts, from credit spreads to default probabilities

 

MASTER POWERFUL CREDIT RISK MODELING APPROACHES
Learn structural, empirical, and reduced-form credit risk modeling

 

GAIN DEEP INSIGHT INTO TODAY’S INSTRUMENTS AND APPLICATIONS
Understand CDSs, CDOs, and how credit-sensitive products are now used

 

FOR EVERY FINANCIAL PRACTITIONER: BUY-SIDE AND SELL-SIDE
For CFOs, treasurers, and other practitioners—everywhere from pension funds to commercial corporations

"synopsis" may belong to another edition of this title.

Product Description:

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.

About the Author:

George C. Chacko is an Associate Professor and Chair of the Finance Department at Santa Clara University. Professor Chacko’s research has focused on three areas: (1) transaction costs and liquidity risk in capital markets, particularly in the fixed income markets; (2) portfolio construction by institutions and individuals; and (3) the analysis and application of derivative securities. He was formerly an Associate Professor at Harvard Business School (HBS) in the Finance Department. On the commercial side, he is currently a Partner with HNC Advisors. He was formerly a Chief Investment Officer at Auda Alternative Investments, a Managing Director at IFL, and a Managing Director with State Street Bank. Professor Chacko holds a Ph.D. in business economics from Harvard University and dual master’s degrees in business economics (Harvard University) and business administration (University of Chicago). He holds a bachelor’s degree in electrical engineering from the Massachusetts Institute of Technology.

 

Anders Sjöman is the Head of the Communications Department at the Centre for Business History in Stockholm, Sweden. He has also served as a Vice President of Communications at Voddler and a senior researcher for Harvard Business School at its Paris-based Europe Research Center. Prior, Mr. Sjö man worked five years in Boston for Englishtown.com as Director of Production. A M.Sc. graduate of the Stockholm School of Economics in his native Sweden, and initially specialized in information management and international business, Mr. Sjö man speaks Swedish, English, French, and Spanish.

 

Hideto Motohashi is a senior manager at NTT DoCoMo. He has held several positions at NTT during his career. He was manager in the Financial System Division at NTT COMWARE Corporation, where he helped financial institutions with their risk management systems. His experience at NTT COMWARE also includes systems analysis for the financial and telecommunications industries. He was also a Vice President of Strategic Finance and Financial Planning at Tata Teleservices. Mr. Motohashi completed the Advanced Study Program at Massachusetts Institute of Technology 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 was appointed executive director of the Europe Research Center for Harvard Business School, based in Paris, in November 2001. The center works with HBS faculty members on research and course development projects across the European continent. Prior, he was senior director of corporate relationships at INSEAD in Fontainebleau and on the school’s board of directors. Mr. Dessain has been active as a management consultant with Booz-Allen & Hamilton in New York and Paris in the financial services field. His field of consulting was international market entry strategies, financial products, strategy, negotiation and implementation of cross-border alliances, financial restructuring, mergers, and acquisitions. He has also been active as a foreign associate with the law firm Shearman & Sterling in New York in banking and finance and as an advisor to the president of the College of Europe in Bruges, Belgium. A speaker of five European languages (French, English, German, Dutch, and Italian), Mr. Dessain holds a law degree from Leuven University (Belgium), a business administration degree from Louvain University (Belgium), and an MBA from Harvard Business School. Mr. Dessain is an avid mountain climber, marathon runner, and tennis player, and will not miss a good art exhibition.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

George Chacko
Published by Pearson Education (2015)
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Quantity Available: 2
Seller
PBShop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description Pearson Education, 2015. HRD. Book Condition: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # IB-9780133249187

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 42.38
Convert Currency

Add to Basket

Shipping: £ 3.21
Within U.S.A.
Destination, Rates & Speeds

2.

Chacko, George; Anders Sj?man , Anders Sj?man ; Hideto Motohashi , Hideto Motohashi ; Vincent Dessain, Vincent Dessain
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Quantity Available: 5
Seller
GreatBookPrices
(Columbia, MD, U.S.A.)
Rating
[?]

Book Description Book Condition: New. Bookseller Inventory # 23206607-n

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 43.49
Convert Currency

Add to Basket

Shipping: £ 2.12
Within U.S.A.
Destination, Rates & Speeds

3.

Chacko, George^Sjöman, Anders^Motohashi, Hideto^Dessain, Vincent
Published by Prentice Hall
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Quantity Available: > 20
Seller
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description Prentice Hall. Book Condition: New. Brand New. Bookseller Inventory # 0133249182

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 44.44
Convert Currency

Add to Basket

Shipping: £ 2.81
Within U.S.A.
Destination, Rates & Speeds

4.

George Chacko, Anders Sjoman, Hideto Motohashi
Published by Pearson Education (US), United States (2016)
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Hardcover Quantity Available: 1
Seller
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Pearson Education (US), United States, 2016. Hardback. Book Condition: New. 2nd Revised edition. 236 x 161 mm. Language: English . Brand New Book. Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry, they are now widely used by businesses of all kinds-and all financial professionals need to understand them. Credit Derivatives, Revised Edition, explains these tools simply, clearly, and rigorously: what they do, how they work, and how to use them in today s applications. The authors first show how credit risk can be measured and valued. They explain key ideas, such as recovery rates and credit spreads, and show how derivatives transfer credit risk to external investors. Next, they systematically demonstrate how credit risk models can describe and predict credit risk events. They cover structural models, including Merton and Black and Cox; empirical models, such as the Z-score model; and reduced-form models, such as Jarrow-Turnbull. The authors also present detailed explanations of two widely used instruments: credit default swaps (CDSs) and collateralized debt obligations (CDOs). Finally, building on what you ve learned, the authors offer a brand-new primer on today s applications for financial instruments with embedded credit risk. FINANCIAL STATEMENT ANALYSIS Perform preliminary financial analysis on any potential project UNDERSTAND, MEASURE, AND ASSESS CREDIT RISK Master core concepts, from credit spreads to default probabilities MASTER POWERFUL CREDIT RISK MODELING APPROACHES Learn structural, empirical, and reduced-form credit risk modeling GAIN DEEP INSIGHT INTO TODAY S INSTRUMENTS AND APPLICATIONS Understand CDSs, CDOs, and how credit-sensitive products are now used FOR EVERY FINANCIAL PRACTITIONER: BUY-SIDE AND SELL-SIDE For CFOs, treasurers, and other practitioners-everywhere from pension funds to commercial corporations. Bookseller Inventory # AAS9780133249187

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 48.13
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

5.

George Chacko
Published by Pearson Education (2015)
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Quantity Available: 2
Seller
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description Pearson Education, 2015. HRD. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # IB-9780133249187

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 40.73
Convert Currency

Add to Basket

Shipping: £ 9
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

George Chacko, Anders Sjoman, Hideto Motohashi
Published by Pearson Education (US), United States (2016)
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Hardcover Quantity Available: 1
Seller
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description Pearson Education (US), United States, 2016. Hardback. Book Condition: New. 2nd Revised edition. 236 x 161 mm. Language: English . Brand New Book. Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry, they are now widely used by businesses of all kinds-and all financial professionals need to understand them. Credit Derivatives, Revised Edition, explains these tools simply, clearly, and rigorously: what they do, how they work, and how to use them in today s applications. The authors first show how credit risk can be measured and valued. They explain key ideas, such as recovery rates and credit spreads, and show how derivatives transfer credit risk to external investors. Next, they systematically demonstrate how credit risk models can describe and predict credit risk events. They cover structural models, including Merton and Black and Cox; empirical models, such as the Z-score model; and reduced-form models, such as Jarrow-Turnbull. The authors also present detailed explanations of two widely used instruments: credit default swaps (CDSs) and collateralized debt obligations (CDOs). Finally, building on what you ve learned, the authors offer a brand-new primer on today s applications for financial instruments with embedded credit risk. FINANCIAL STATEMENT ANALYSIS Perform preliminary financial analysis on any potential project UNDERSTAND, MEASURE, AND ASSESS CREDIT RISK Master core concepts, from credit spreads to default probabilities MASTER POWERFUL CREDIT RISK MODELING APPROACHES Learn structural, empirical, and reduced-form credit risk modeling GAIN DEEP INSIGHT INTO TODAY S INSTRUMENTS AND APPLICATIONS Understand CDSs, CDOs, and how credit-sensitive products are now used FOR EVERY FINANCIAL PRACTITIONER: BUY-SIDE AND SELL-SIDE For CFOs, treasurers, and other practitioners-everywhere from pension funds to commercial corporations. Bookseller Inventory # AAS9780133249187

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 50.07
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Chacko, George; Sjöman, Anders; Motohashi, Hideto; Dessain, Vincent
Published by Pearson FT Press
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Hardcover Quantity Available: 2
Seller
Movie Mars
(Matthews, NC, U.S.A.)
Rating
[?]

Book Description Pearson FT Press. Hardcover. Book Condition: New. 0133249182 Brand New Book. Ships from the United States. 30 Day Satisfaction Guarantee!. Bookseller Inventory # 17648297

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 54.13
Convert Currency

Add to Basket

Shipping: £ 3.21
Within U.S.A.
Destination, Rates & Speeds

8.

Chacko, George
Published by Pearson FT Press (2016)
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Hardcover Quantity Available: 2
Seller
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Pearson FT Press, 2016. Hardcover. Book Condition: New. Bookseller Inventory # 0133249182

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 54.98
Convert Currency

Add to Basket

Shipping: £ 2.40
Within U.S.A.
Destination, Rates & Speeds

9.

George K. Chacko, Anders Sjoman, Hideto Motohashi, Vincent Dessain
Published by Pearson Education (US)
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Hardcover Quantity Available: 2
Seller
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description Pearson Education (US). Hardback. Book Condition: new. BRAND NEW, Credit Derivatives: A Primer on Credit Risk, Modeling, and Instruments (2nd Revised edition), George K. Chacko, Anders Sjoman, Hideto Motohashi, Vincent Dessain, 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. Bookseller Inventory # B9780133249187

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 52.42
Convert Currency

Add to Basket

Shipping: £ 5.94
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Anders Sjoman
ISBN 10: 0133249182 ISBN 13: 9780133249187
New Hardcover Quantity Available: 1
Seller
Grand Eagle Retail
(Wilmington, DE, U.S.A.)
Rating
[?]

Book Description Hardcover. Book Condition: New. 2nd. 167mm x 237mm x. Hardcover. Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry, they are now widely used by busi.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 304 pages. 0.548. Bookseller Inventory # 9780133249187

More Information About This Seller | Ask Bookseller a Question

Buy New
£ 61.53
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book