Credit Risk Transfer Instruments

Qaiser Abbas Khan

ISBN 10: 3847301322 / ISBN 13: 9783847301325

Published by LAP LAMBERT Academic Publishing Dez 2011, 2011

About this Item

This item is printed on demand - Print on Demand Titel. Neuware -Financial crisis of 2007 has raised serious concerns regarding soundness of financial system. It has been pointed out by several academic scholars that root cause of recent turmoil is embedded deep and closely connected with innovation in credit risk transfer. This study examines the motives behind creation of derivative market and their role in financial meltdown. Among the credit derivatives the two most widely used or abused tools, credit default swaps and collateralized debt obligations, played a significant role in rapid establishment of credit derivative universe thereby leaving behind the long established equity market. The study further examines original concept of credit risk transfer along with their funding structure and dynamics of different tools highlighting the role of Regulators, Rating Agencies, Financial Institutions & contagion effects of innovation on financial industry and establishment of shadow banking. The study concludes on quotation of Terri Duhond that when car crash happens people only blame drivers rather than criticizing the authorities who allow them to drive.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 68 pp. Englisch.

Seller Inventory # 9783847301325

Bibliographic Details

• Title: Credit Risk Transfer Instruments
• Publisher: LAP LAMBERT Academic Publishing Dez 2011
• Publication Date: 2011
• Language: English
• ISBN 10: 3847301322
• ISBN 13: 9783847301325
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 5D millimeters 220 millimeters width by 150 millimeters height by 5 millimeters depth
• Weight: 119 grams

About this title

Synopsis

Financial crisis of 2007 has raised serious concerns regarding soundness of financial system. It has been pointed out by several academic scholars that root cause of recent turmoil is embedded deep and closely connected with innovation in credit risk transfer. This study examines the motives behind creation of derivative market and their role in financial meltdown. Among the credit derivatives the two most widely used or abused tools, credit default swaps and collateralized debt obligations, played a significant role in rapid establishment of credit derivative universe thereby leaving behind the long established equity market. The study further examines original concept of credit risk transfer along with their funding structure and dynamics of different tools highlighting the role of Regulators, Rating Agencies, Financial Institutions & contagion effects of innovation on financial industry and establishment of shadow banking. The study concludes on quotation of Terri Duhond that when car crash happens people only blame drivers rather than criticizing the authorities who allow them to drive.

About the Author

The author is a graduate in Medicine. He completed his MBA in international business from The University of Birmingham, UK. His field of interest includes Financial Management particularly Structured Finance and Credit Derivatives.