| Credit Risk: Modeling, Valuation and Hedging 2002. Corr. 2nd Edition Contributor(s): Bielecki, Tomasz R. (Author), Rutkowski, Marek (Author) |
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ISBN: 3540675930 ISBN-13: 9783540675938 Publisher: Springer OUR PRICE: $123.49 Product Type: Hardcover - Other Formats Published: November 2001 Annotation: This volume will serve as a valuable reference for financial analysts and traders involved with credit derivatives. Some aspects of the book may also be useful for market practitioners engaged in managing credit-risk sensitive portfolios. Graduate students and researchers in areas such as finance theory, mathematical finance, financial engineering and probability theory will benefit from the book as well. |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Accounting - General - Business & Economics | Statistics |
| Dewey: 519 |
| LCCN: 2001055042 |
| Series: Springer Finance |
| Physical Information: 1.33" H x 6.48" W x 9.42" (1.95 lbs) 501 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Mathematical finance and financial engineering have been rapidly expanding fields of science over the past three decades. The main reason behind this phenomenon has been the success of sophisticated quantitative methodolo- gies in helping professionals manage financial risks. It is expected that the newly developed credit derivatives industry will also benefit from the use of advanced mathematics. This industry has grown around the need to handle credit risk, which is one of the fundamental factors of financial risk. In recent years, we have witnessed a tremendous acceleration in research efforts aimed at better comprehending, modeling and hedging this kind of risk. Although in the first chapter we provide a brief overview of issues related to credit risk, our goal was to introduce the basic concepts and related no- tation, rather than to describe the financial and economical aspects of this important sector of financial market. The interested reader may consult, for instance, Francis et al. (1999) or Nelken (1999) for a much more exhaustive description of the credit derivatives industry. |