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2 of 4 people found the following review helpful:
1.0 out of 5 stars
Pedantic Tome,
This review is from: Credit Derivatives: CDOs and Structured Credit Products (Wiley Finance) (Hardcover)
Avoid spending your hard earned money and go to Janet M. Tavakoli's book.
Should be rewritten, in English.
3 of 7 people found the following review helpful:
2.0 out of 5 stars
avoid these instruments and this book,
By
This review is from: Credit Derivatives: CDOs and Structured Credit Products (Wiley Finance) (Hardcover)
When this book came out just a few years ago, CDOs were all the rage, along with the other financial derivative instruments analysed here. Indeed, the analysis is thorough. You get to understand how each instrument is made, and how to model its risk.
But much has changed since the book appeared. Now there has been 2 years of a falling real estate market in the US. Which has revealed flaws in the book's instruments. The chapters on simulations and modelling of the time behaviour should be read with sceptical and jaundiced eye. Just last week, the US Fed took over Fannie and Ginnie Mae. While today, Lehman filed for bankruptcy and Merril Lynch agreed to be taken over by BofA. One major common factor in all these travails were the credit derivatives so carefully explained by the book. |
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Credit Derivatives: CDOs and Structured Credit Products (Wiley Finance) by Satyajit Das (Hardcover - May 9, 2005)
$150.00 $94.50
In Stock | |
 
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