Customer Reviews

Credit Derivatives: Trading & Management of Credit & Default Risk (Wiley Frontiers in Finance)

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1 star:		(2)

 

 

About half the chapters are written by various accountants employed by Price Waterhouse. Only 2 out of about 20 chapter authors are recognizable names in the field.

In my opinion, this book provides a very incomprehensive and inadequate exposition of many of the key issues. The first four chapters are the most poorly written with unexplained examples and difficult to follow diagrams. Some of the latter chapters are a bit better written. The book, moreover, gives a very poor explanation of pricing techniques which should have formed the core of this text. ON the whole, i would not recommend it to anyone who wants to gain a good introduction to this topic.

I dislike this book for a number of reasons. Firstly it is incomprehensible, especially the examples. Some of the concepts are also not well explained. Secondly, it is not user-friendly. The ideas demonstrated are not presented in a coherent manner. Lastly, being basically a compilation from different authors, the chapters are also not well connected to each other. Overall a very poor effort.

This book provides a very incomprehensive and inadequate exposition of many of the key issues. The first four chapters are the most poorly written with unexplained examples. The book, moreover, gives a very poor explanation of pricing techniques which should have formed the core of this text. ON the whole, i would not recommend it to anyone who wants to gain a good introduction to this topic at this price.

When it comes to Derivative products, pricing, valuation, the markets, and all the other issues, such as rating, documentation, accounting and taxation, you could not get a better mentor than Satyajit DAS, and this book is his best ever. It is a collection of topics and authors who are the leaders and the best in the field. THERE is simply NO other book that can be called a HANDBOOK on Derivatives, for everyone, students, financial professions, and professors, and for beginners, as well as advanced.