Credit Derivatives & Synthetic Structures: A Guide to Instruments and Applications, 2nd Edition [Hardcover]

Janet M. Tavakoli (Author)

Book Description

Series: Wiley Finance | Publication Date: June 29, 2001

Fully revised and updated
Here is the only comprehensive source that explains the various instruments in the market, their economic value, how to document trades, and more. This new edition includes enhanced treatment of U.S. and worldwide regulatory issues, and new product structures.
"If you want to know more about credit derivatives--and these days an increasing number of people do--then you should read this book."
--Merton H. Miller, winner, Nobel Prize in Economics, 1990
"Tavakoli brings extraordinary insight and clarity to this fascinating financial evolution . . ."--Carl V. Schuman, Manager, Credit Derivatives, West LB New York
Janet M. Tavakoli (Chicago, IL) is Vice President of the Chicago branch of Bank of America, where she directs the company's overall marketing of global derivatives and manages its CreditMetrics initiative.

Editorial Reviews

Review

"If you want to know more about credit derivatives-and these days an increasing number of people do-then you should read this book."-Merton H. Miller, winner, Nobel Prize in Economics, 1990; Robert R. McCormick Distinguished Service Professor Emeritus, University of Chicago Graduate School of Business

"Tavakoli brings extraordinary insight and clarity to this fascinating financial evolution. She combines her extensive experience and deep understanding of the derivatives markets with a lucid writing style that makes this an eminently readable volume. This book should set the standard for credit derivatives texts for years to come." -Carl V. Schuman, Manager, Credit Derivatives, WestLB New York

"Tavakoli does a remarkable job compiling a highly readable and much needed guide to instruments and applications of credit derivatives. Using charts, examples, basic investment theory, and elementary mathematics, Tavakoli explains the real-world practice and applications of credit derivative products. Credit Derivatives clarifies often misunderstood concepts and offers a framework with which to analyze derivatives and how to make them work."-Stephen Wade Managing Director, UBS Securities LLC Hei Wai Chan, PhD, Director, UBS Securities LLC

"Tavakoli has written a book that finally demystifies credit derivatives. It is an easy to understand analysis of the many aspects of the basic products used in this new and innovative derivative structure. Anyone in the banking community as well as the sophisticated derivatives professional will find it both useful and insightful."-Randy Allison Kaufman, Managing Director, Bank Boston, Structured Derivatives --This text refers to an out of print or unavailable edition of this title.

From the Publisher

Description of the Book: Tavakoli demystifies credit derivatives using real-world examples. She explains the full range of instruments and applications and offers detailed guidelines on how credit derivatives can be used as a mechanism for managing global risk. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 2 edition (June 29, 2001)
• Language: English
• ISBN-10: 047141266X
• ISBN-13: 978-0471412663
• Product Dimensions: 9.2 x 6.2 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (33 customer reviews)
• Amazon Best Sellers Rank: #711,827 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

49 of 50 people found the following review helpful:

5.0 out of 5 stars Perfect for beginners, excellent reference for veterns, April 14, 2001

By 

"mrfinance" - See all my reviews

This review is from: Credit Derivatives: A Guide to Instruments and Applications (Hardcover)

Takavoli's book is the prefect credit derivatives resource for novices and finance professionals who work around, but not with the products. Various forms of credit derivatives are explained in for the most part, qualatative narratives complimented with dealflow charts and information grids. The text remains very readable and comprehensible. That is why its perfect for someone who needs to get a basic grasp of the products, but would be intimidated by a heavy quant reading. This book also includes basic documentation for each of the profiled products.

42 of 43 people found the following review helpful:

5.0 out of 5 stars Excellent Primer and Reference Resource, November 5, 2001

By 

Pelorus (Wilmette, IL USA) - See all my reviews

This review is from: Credit Derivatives & Synthetic Structures: A Guide to Instruments and Applications, 2nd Edition (Hardcover)

Tavakoli has done an artful job in Credit Derivatives ( 2nd Edition) of simplifying complex subject matter through the use of practical examples, good graphics, and simple declarative sentences supported by math and real world experience. While this book is not intended for pure novices with no background in finance or mathematics, it does meet the purposeful, educated reader halfway. I would highly recommend Credit Derivatives to anyone with a need to understand the theory, mechanics, risks and real world applications of credit derivatives. Tavakoli's skill of explaining a complex topic without dumbing it down makes Credit Derivatives an excellent primer and reference book for understanding and managing the use of credit derivatives. If you need to understand credit derivatives, this is a great book. As a consultant, Tavakoli's book was invaluable in helping me expeditiously get up to speed on this area of financial risk management.

34 of 34 people found the following review helpful:

4.0 out of 5 stars Crisp and humourous explanation of the topic, October 29, 1999

By A Customer

This review is from: Credit Derivatives: A Guide to Instruments and Applications (Hardcover)

The book uses simple examples to explain a relatively new area in derivatives. In this area it scores 5/5, but unfortunately does not score as well in its treatment of the pricing and management of these structures as well as I had hoped.