Understanding Credit Derivatives and Related Instruments‎,‎ Second Edition is an intuitive‎,‎ rigorous overview that links the practices of valuing and trading credit derivatives with academic theory‎.‎ Rather than presenting highly technical explorations‎,‎ the book offers summaries of major subjects and the principal perspectives associated with them‎.‎ The book‎'‎s centerpiece is pricing and valuation issues‎,‎ especially valuation tools and their uses in credit models‎.‎ Five new chapters cover practices that have become commonplace as a result of the 2008 financial crisis‎,‎ including standardized premiums and upfront payments‎.‎ Analyses of regulatory responses to the crisis for the credit derivatives market ‎(‎Basel III‎,‎ Dodd‎-Frank‎,‎ etc‎.‎‎)‎ include all the necessary statistical and mathematical background for readers to easily follow the pricing topics‎.‎ Every reader familiar with mid‎-level mathematics who wants to understand the functioning of the derivatives markets ‎(‎in both practical and academic contexts‎)‎ can fully satisfy his or her interests with the comprehensive assessments in this book‎.‎

• Author‎:‎ Antulio N‎.‎ Bomfim
• Publisher‎:‎ Academic Press
• ISBN‎:‎ 9780128001165