Credit Risk Transfer Instruments: and Their Role in Financial Crisis - Couverture souple

Khan, Qaiser Abbas

 
9783847301325: Credit Risk Transfer Instruments: and Their Role in Financial Crisis
Couverture souple
ISBN 10 : 3847301322 ISBN 13 : 9783847301325
Editeur : LAP LAMBERT Academic Publishing, 2011

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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.

Biographie de l'auteur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3847301322
ISBN 13 
9783847301325
Reliure
Broché
Nombre de pages
68
Coordonnées du fabricant
non disponible
Personne responsable
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