- Paperback: 352 pages
- Publisher: Prentice-Hall; illustrated edition edition (Oct 1999)
- Language English
- ISBN-10: 0735201048
- ISBN-13: 978-0735201040
- Product Dimensions: 22.9 x 15.5 x 3 cm
- Amazon Bestsellers Rank: 5,391,574 in Books (See Top 100 in Books)
Did you know you can trade in your old books for an Amazon.co.uk Gift Card to spend on the things you want? Plus, get an extra £5 Gift Certificate when you trade in books worth £10 or more before June 30, 2012. Visit the Books Trade-In Store for more details. |
Product details |
Product Description
Product Description
Credit derivatives are revolutionising the world of investment. But without a firm understanding of their mechanics and their bottom-line impact, these hot financial instruments can bring devastating losses. An international authority on risk management, Dr. Dimitris N. Chrorafas draws on his own experience and the insights of over 70 senior executives at nearly 50 organisations worldwide to bring to the reader the market for credit derivatives, the instruments which make trading in credit derivatives possible and the models which are applicable for the management of credit risk.
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organise and find favourite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Reviews
There are no customer reviews yet on Amazon.co.uk.
5 star
4 star
3 star
2 star
1 star
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
5 reviews
6 of 6 people found the following review helpful
Not too technical
29 Nov 1999
Format:Paperback
Very light on modeling contrary to the book's title. This book would be a good overview for someone with zero knowledge. If anyone has seen a published book with good models included, please let me know.
6 of 6 people found the following review helpful
Do not waste your money
26 Oct 2000
Format:Paperback
This is one of the worst books I have ever read. I was lucky to sell it on zShops for half of face value. Clearly, this guy has little or no experience with crederivs, and his weak command of English just makes it worse. While I think Nelken's book is also a little thin on material, and Tavakoli's book represents a somewhat dated view of the market, both are substantially more educational than this one. My own experience suggests that one is far better off to understand bond/loan trading first, plus some structuring and capital allocation. That is enough to figure out how to trade crederivs. All this hype about the insane risk in these things is crap - it's not substantially more risky than bonds, and people have been in that business for a long time. The only essential difference - counterparty risk - is not really addressed in any satisfactory manner anywhere.
8 of 9 people found the following review helpful
Not the Best Book on Credit Derivatives
5 Sep 2000
Format:Paperback
The book is divided into 3 parts: Part 1 talks about the market and some accounting and regulatory implications. This part is very dry and difficult to get through. For me, this is partly because of the subject matter and more the way it was written. There are lots of generalizing statements that don't seem to add value. Part 2 goes over the actual building blocks such as asset swaps, credit default swaps, credit linked notes, etc. This section was not very insightful compared to other research and credit derivatives books I have read. A much better book on the mechanics is "Credit Derivatives" by Tavakoli. Part 3 discusses "credit derivative models" but is not very deep. There are no partial differential equations or a discussion of modeling the credit process. A better book on modeling is "Derivatives" by Wilmott. As a credit derivatives professional, I would not recommend this as your first CD book. It might add incremental knowledge as your third/ fourth book. Basically, I thought that the content could have be compressed. Overall, it seemed difficult to believe that the author could be a practitioner in the field. It makes more sense when you find out that this is only 1 out of 115 books he has written on a variety of topics.
Were these reviews helpful?
Let us know
Listmania!
Look for similar items by category
- Books > Business, Finance & Law > Economics
- Books > Business, Finance & Law > Management > Management Skills > Decision Making
- Books > Business, Finance & Law > Professional Finance > Insurance > Risk Management
- Books > Business, Finance & Law > Professional Finance > Investments & Securities
- Books > Business, Finance & Law > Professional Finance > Risk Management
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
