{"product_id":"9780128004906","title":"Understanding Credit Derivatives and Related Instruments","description":"\u003ci\u003e \u003c\/i\u003e\u003cp\u003eUnderstanding Credit Derivatives and Related Instruments, Second Edition is an intuitive, rigorous overview that links the practices of valuing and trading credit derivatives with academic theory. Rather than presenting highly technical explorations, the book offers summaries of major subjects and the principal perspectives associated with them.\u003c\/p\u003e \u003cp\u003eThe book's centerpiece is pricing and valuation issues, especially valuation tools and their uses in credit models. Five new chapters cover practices that have become commonplace as a result of the 2008 financial crisis, including standardized premiums and upfront payments. Analyses of regulatory responses to the crisis for the credit derivatives market (Basel III, Dodd-Frank, etc.) include all the necessary statistical and mathematical background for readers to easily follow the pricing topics. \u003c\/p\u003e \u003cp\u003eEvery reader familiar with mid-level mathematics who wants to understand the functioning of the derivatives markets (in both practical and academic contexts) can fully satisfy his or her interests with the comprehensive assessments in this book.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eExplores the role that credit derivatives played during the economic crisis, both as hedging instruments and as vehicles that potentially magnified losses for some investors \u003c\/li\u003e\n\u003cli\u003eComprehensive overview of single-name and multi-name credit derivatives in terms of market specifications, pricing techniques, and regulatory treatment \u003c\/li\u003e\n\u003cli\u003eUpdated edition uses current market statistics (market size, market participants, and uses of credit derivatives), covers the application of CDS technology to other asset classes (CMBX, ABX, etc.), and expands the treatment of individual instruments to cover index products, and more \u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Elsevier Science","offers":[{"title":"Default Title","offer_id":47079778025712,"sku":"9780128004906","price":99.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780128004906_p0.jpg?v=1763639166","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780128004906","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}