Collateralized Debt Obligations and Structured Finance

Beschreibung

The most cutting-edge read on CDO and credit marketstructures Collateralized Debt Obligations and Structured Finance provides astate-of-the-art look at the exploding CDO and structured creditproducts market. Financial expert Janet Tavakoli examinessecuritization topics never before seen in print, including thehuge increase in the CDO arbitrage created by synthetics; thetranches most at risk from this new technology; dumpingsecuritizations on bank balance sheets; the abuse of offshorevehicles by companies such as Enron; and securitizations madepossible by new securitization techniques and the introduction ofthe Euro. This valuable guide comprehensively covers one of thefastest growing markets on Wall Street, predicting where new bankregulations and other developments may lead to product growth orproduct extinction. While providing an overview of the market andits dynamic growth, Collateralized Debt Obligations and StructuredFinance explores the types of products offered, hedging techniques,and valuation and risk/return issues associated with investment inCDOs and synthetic CDOs. Janet M. Tavakoli, MBA (Chicago, IL), has over eighteen years ofexperience trading, structuring, and marketing derivatives andstructured products with major financial institutions in New Yorkand London. She is also the author of Credit Derivatives andSynthetic Structures, now in its Second Edition (0-471-41266-X).

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Janet M. Tavakoli

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Stimmen zu »Collateralized Debt Obligations and Structured Finance«

"...Tavakoli uses her broad professional experience toexamine the CDO market in simple and clear language."(Risk, March 2004) "Tavakoli...does what she can to address this market'sgrowing pains in...this intriguing book" (HedgeWorld)
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