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Credit Derivatives and Synthetic Structures: A Guide to Instruments and Applications Paperback – May 7, 2019

4.0 out of 5 stars 18 ratings

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Editorial Reviews


"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. McCormickDistinguished Service Professor Emeritus, University of Chicago Graduate Schoolof 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 makesthis 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."
StephenWade, 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, BankBoston, Structured Derivatives.

About the Author

"The Cassandra of Credit Derivatives...She has also been right--and much in demand."
Business Week

"Tavakoli's strong opinions have earned her some high-profile admirers. Warren Buffett invited her to stop by..."
University of Chicago Magazine

"Janet Tavakoli warned that the biggest credit bubble in world history was coming well in advance."
Jim Rogers, author of A Bull in China, Hot Commodities, Adventure Capitalist, and Investment Biker

"An intelligent analyst whose command of the arcane world of securitization mixed with a brutally honest analytical framework makes it a pleasure to hear and read her work."
Asia Times Online

"Tavakoli writes in a clear, sprightly way."
ADAM SMITH (George J. W. Goodman), author of The Money Game

"Tavakoli makes for an attractive pundit--she knows her stuff, has strong opinions, and turns a colorful quote."
Financial Times

"Tavakoli has been railing against emperors wearing no clothes in the credit derivatives markets forever. If only people had listened."
Andrew Tobias, author of The Only Investment Guide You'll Ever Need
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Product details

  • Publisher ‏ : ‎ Lyons McNamara LLC (May 7, 2019)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 323 pages
  • ISBN-10 ‏ : ‎ 1943543143
  • ISBN-13 ‏ : ‎ 978-1943543144
  • Item Weight ‏ : ‎ 2.82 ounces
  • Dimensions ‏ : ‎ 6.14 x 0.73 x 9.21 inches
  • Customer Reviews:
    4.0 out of 5 stars 18 ratings

About the author

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Janet Tavakoli is the president of Tavakoli Structured Finance, a derivatives risk consulting firm for financial institutions. She has worked as a chemical engineer, earned her MBA from the University of Chicago, taught derivatives as an adjunct associate professor of finance at the University of Chicago's Booth Business School (Graduate School of Business), and worked for Wall Street firms in New York, Tokyo, and London. She was born and raised in Chicago, Illinois, lived in Iran during the Islamic revolution, lived in New York for a decade, lived in London for several years, and has traveled extensively for business and pleasure in Europe and Japan.

She is the author of Risk (Lyons McNamara 2016), Decisions: Life and Death on Wall Street (Lyons McNamara 2015), Credit Derivatives & Synthetic Structures (Wiley 1998, 2001), Structured Finance & Collateralized Debt Obligations (Wiley 2003, 2008), and Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, (Wiley 2009).

The New Robber Barons (Lyons McNamara, 2013), is a compilation of her web-based commentaries since the September 2008 financial crisis.

Archangels: Rise of the Jesuits (Lyons McNamara, 2013) is her fiction debut thriller.

Unveiled Threat: A Personal Experience of Fundamentalist Islam and the Roots of Terrorism (Lyons McNamara, 2014) is a non-fiction thriller and commentary.

Ms. Tavakoli is frequently published and quoted in the Wall Street Journal, Financial Times, New York Times, Business Week, Bloomberg News, and more. She is also a frequent front page writer at the Huffington Post. Frequent television appearances include CBS's 60 Minutes, CNN, C-Span, CNBC, BNN, CBS Evening News, Bloomberg TV, Fox, ABC, and BBC.

Customer reviews

4.0 out of 5 stars
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3.0 out of 5 stars Written before the advent of the "Euro" much of the novel is irrelevant
Reviewed in the United Kingdom 🇬🇧 on August 8, 2016
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4.0 out of 5 stars Good Book
Reviewed in the United Kingdom 🇬🇧 on February 8, 2013
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3.0 out of 5 stars Une mise à jour serait bienvenue
Reviewed in France 🇫🇷 on July 8, 2016