{"product_id":"9780133249194","title":"Credit Derivatives, Revised Edition: A Primer on Credit Risk, Modeling, and Instruments","description":"\u003cp\u003eEvery company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry, they are now widely used by businesses of all kinds—and all financial professionals need to understand them. \u003ci\u003eCredit Derivatives, Revised Edition,\u003c\/i\u003e explains these tools simply, clearly, and rigorously: what they do, how they work, and how to use them in today’s applications.\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eThe authors first show how credit risk can be measured and valued. They explain key ideas, such as recovery rates and credit spreads, and show how derivatives transfer credit risk to external investors. Next, they systematically demonstrate how credit risk models can describe and predict credit risk events. They cover structural models, including Merton and Black and Cox; empirical models, such as the Z-score model; and reduced-form models, such as Jarrow-Turnbull. The authors also present detailed explanations of two widely used instruments: credit default swaps (CDSs) and collateralized debt obligations (CDOs).\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eFinally, building on what you’ve learned, the authors offer a brand-new primer on today’s applications for financial instruments with embedded credit risk.\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e \u003cb\u003eFINANCIAL STATEMENT ANALYSIS\u003cbr\u003e \u003c\/b\u003e \u003ci\u003ePerform preliminary financial analysis on any potential project\u003c\/i\u003e \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e \u003cb\u003eUNDERSTAND, MEASURE, AND ASSESS CREDIT RISK\u003cbr\u003e \u003c\/b\u003e \u003ci\u003eMaster core concepts, from credit spreads to default probabilities\u003c\/i\u003e \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e \u003cb\u003eMASTER POWERFUL CREDIT RISK MODELING APPROACHES\u003cbr\u003e \u003c\/b\u003e \u003ci\u003eLearn structural, empirical, and reduced-form credit risk modeling\u003c\/i\u003e \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e \u003cb\u003eGAIN DEEP INSIGHT INTO TODAY’S INSTRUMENTS AND APPLICATIONS\u003cbr\u003e \u003c\/b\u003e \u003ci\u003eUnderstand CDSs, CDOs, and how credit-sensitive products are now used\u003c\/i\u003e \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e \u003cb\u003eFOR EVERY FINANCIAL PRACTITIONER: BUY-SIDE AND SELL-SIDE\u003cbr\u003e \u003c\/b\u003e \u003ci\u003eFor CFOs, treasurers, and other practitioners—everywhere from pension funds to commercial corporations\u003c\/i\u003e \u003c\/p\u003e","brand":"Pearson Education","offers":[{"title":"Default Title","offer_id":47147783127280,"sku":"9780133249194","price":69.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780133249194_p0.jpg?v=1763640992","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780133249194","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}