by George Chacko, Anders Sjöman, Hideto Motohashi, Vincent Dessain
|
| List Price: | $69.99 |
| Amazon Price: | $55.99 & eligible for FREE Super Saver Shipping on orders over $25. |
| You Save: | $14.00 (20%) |
| Average Rating: |  |
| Lowest New Price: | $50.00 |
| Availablitiy: | Usually ships in 24 hours |
|
 |
|
No Editorial Reviews yet
Customers who bought this item also bought
Average Customer Review:
2 of 2 people found the following review helpful:
 Gateway of Credit Risk and Credit Derivatives, 2008-01-12
This is easy to understand and more academic oriented book. For any body who wants to become master in the field of credit risk and credit derivatives, this book will act as a gateway. Modeling Credit risk using structural approach is explained in about 60 pages and it is very clear.CDO pricing is detailed with examples and shows how to price CDO with correlation using Monte Carlo simulation and Cholesky decomposition.
However this book does not talk about ISDA documentation and from the trading point of view. The book "Credit Derivatives: Risk Management, Trading and Investing by Geoff Chaplin" focuses more from the point of view of trading and ISDA documentation. Reading Chaplin's book after Chacko's book will take the reader into next step.
For the professional who want to become expert in modeling, the must read is "Credit Derivatives Pricing Models: Model, Pricing and Implementation by Philipp J.Schönbucher". This requires lot of mathematical especially calculus and probability background and prior knowledge of Credit Risk and Credit Derivatives.
I would recommend Chacko's, Chaplin's and Phillip's books in the order in order to become proficient in Credit Derivatives.
Credit Derivatives: Risk Management, Trading and Investing (The Wiley Finance Series)
Credit Derivatives Pricing Models: Model, Pricing and Implementation
2 of 2 people found the following review helpful:
 Great book for beginners!, 2007-09-01
This is a very good introductory book. The authors go into explaining the details of the various derivatives in depth and give concrete numerical examples how they can be priced. However only elementary pricing techniques are considered -- a practitioner will not find much use of them.
I am giving the book 4 stars because the book contains many typos and errors which can be quite confusing to a beginner (e.g. mislabeled graphs). With four authors on the cover they could have done a better job at this.
4 of 6 people found the following review helpful:
 Distracting typos, 2007-06-20
Decent and accessible read, but has many typographical errors. I mean guys, this is a text book, show your readers some respect by doing adequate proof reading. 1 example:
Fig 3-15, page 99 y axis should be default prob., not credit spread as labeled.
1 of 4 people found the following review helpful:
 My copy is poorly published, 2007-06-11
For the first 150 pages, I thought this was a useful product. Not too deeply mathematical and clearly written. I would have given it 4 stars.
Then I noticed that it jumped from page 150 to 189. And repeated some pages after 180 again later in the book. Useless.
5 of 6 people found the following review helpful:
Should be mandatory reading for all financial practitioners, 2006-11-11
During the course of the last several years, I have had only a passing knowledge of credit derivatives. I have encountered the subject on occasion, but in little more depth than something equivalent to reading, "Credit derivatives are an important component of the modern economy." This book certainly reaches the level expounded in the title, namely being an excellent primer on what they are and the important role they play.
The first chapter explains exactly what credit derivatives are. Using mathematical modeling techniques, an accurate estimate is made of the true credit risk based on the likelihood of partial or total default. This allows the holder of a debt to sell it to someone willing to assume the debt for a price that both agree is reasonable. The seller then gets immediate payment and the buyer has enough margin to make a profit.
After credit derivatives are defined and examples given, precise definitions of credit and credit risk are given. Very sophisticated mathematics is used in the models that describe how the values are derived. Probability theory is also used in the computations, as most of the results are based on the likelihood that the debtor will repay the debt.
This book is not easy to read as you need a significant background in microeconomics and must be able to read and understand formulas. However, it is well worth the effort to read and understand it. Credit derivatives are a very important tool that can be used to generate significant capital quickly, reduce your credit risk or to make significant profits. Like nearly everything else, none of this is possible without the knowledge necessary to do it right. This book will provide that knowledge; I learned a lot while reading it.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
|
Store Categories
|