From Tainted Loans to a Global Economic Meltdown
Normal Price: $102.95
Your Price: $92.66 AUD, inc. GST
Shipping: $7.95 per order
You Save: $10.30! (10% off normal price)
Plus...earn $4.63 in Boomerang Bucks
Availability: Available, ships in 7-10 days
Credit Crises by Jochen Felsenheimer
Book DescriptionBased on the recent subprime crisis, the authors analyze the mechanisms of a financial market crisis. In order to highlight the basic transmission mechanisms and drivers of a financial market crisis they discuss the relevant players & strategies, explain the principles of the financial instruments that were involved in the crisis and analyze how bubbles emerge, how they burst and what the economic impact might be. The authors address the following key questions: Why do financial markets run into crises over and over again? Where do risks for financial crises come from? Who are the players in the game? Which instruments and strategies can drive a crisis? What are the transmission mechanisms onto other markets and the real economy? When is it all finally over? How to best weather the storm? Hence, in the prologue the authors highlight the basic framework for a financial crisis based on the subprime crisis. Here, they will also introduce the important topics and drivers of the crisis, i.e. the relevant players (banks, investment banks, hedge funds, real money investors, regulators and rating agencies), the involved instruments (ABS/RMBS, CDOs, SIV, leveraged loans, Leveraged Super Senior tranches, etc. ), the strategies which caused the crisis or were affected by the meltdown (leveraged exposure to highly correlated risks), and risks that were underestimated (investors ignored the market risk that was involved with the leveraged bets). In the subsequent chapter -- which is split into three parts -- they will explain these important topics in more detail and highlight the infection and transmission mechanisms. As an example, they introduce the business and investment concepts of investment banks and hedge funds and how they were involved in the crisis. Moreover, they explain how structured credit products (such as ABS, CDOs and SIVs) work and how they were used in order to implement leveraged bets in the markets. Finally, they highlight how a financial crisis evolves and why certain financial institutions failed. In the epilogue, they conclude how markets manage a crisis and why the crisis may also be healthy for the stability of financial markets.
Buy Credit Crises book by Jochen Felsenheimer from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9783527503759
(243mm x 164mm x 27mm)
Imprint: Wiley-VCH Verlag GmbH
Publisher: Wiley-VCH Verlag GmbH
Publish Date: 14-May-2008
Country of Publication: Germany
Books By Author Jochen Felsenheimer
Active Credit Portfolio Management, Hardback (December 2005)» View all books by Jochen Felsenheimer
The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350bn with respect to outstanding corporate bonds. As a result, credit risk trading and credit portfolio management gained significantly in importance.
» Have you read this book? We'd like to know what you think about it - write a review about Credit Crises book by Jochen Felsenheimer and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Jochen Felsenheimer
Dr. Jochen Felsenheimer works in the Global Research department at Unicredit. He heads the Credit Strategy & Structured Credit Team. He holds a PhD degree in Economics from Ludwig-Maximilians-Universitat Munchen. Dr. Philip Gisdakis works as a Senior Quantitative Credit Strategist at Unicredit. He studied Mathematical Finance at the University of Oxford and holds a PhD degree in Theoretical Chemistry from Technische Universitat Munchen.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.