The rating agencies and their credit ratings

what they are, how they work, and why they are relevant

Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticized for failing to ...

Conversations with practitioners

the chanllenges of market-led microfinance

This book presents a set of edited interviews with the CEOs and product champions of some of the leading microfinance institutions in sub- Saharan Africa, as well as some of the leading thinkers and writers on commercial microfinance internationally. A rare insight into the issues ...

The everyday life of global finance

saving and borrowing in Anglo-America

Grounded in literature from the sociology of finance and international political economy, and informed by extensive empirical research, The Everyday Life of Global Finance explores the unprecedented relationships that now bind Anglo-American society with the financial markets. As mutual funds have increased in popularity and ...

Credit risk

models, derivatives, and management

This volume illustrates how a risk management system can be implemented through an understanding of portfolio credit risks, a set of suitable models, and the derivation of reliable empirical results. It focuses on the application of new products in the financial services industry and the ...

Managing credit risk

the great challenge for global financial markets

There have been significant developments and changes to the world of credit risk management in recent years. "Managing Credit Risk, Second Edition" will touch upon all these changes, including a new emphasis on actively managing credit risk, the introduction of important regulatory changes, and the ...

The banker's handbook on credit risk

implementing basel II

"The Banker's Handbook on Credit Risk" shows you how to comply with Basel II regulations on credit risk step by step, building on the basics in credit risk up to advanced credit risk methodologies. This advanced credit/risk management book takes a 'new tools ...

Subprime Mortgage Credit Derivatives

Mortgage credit derivatives are a risky business, especially of late. Written by an expert author team of UBS practitioners-Laurie Goodman, Shumin Li, Douglas Lucas, and Thomas Zimmerman-along with Frank Fabozzi of Yale University, Subprime Mortgage Credit Derivatives covers state- of-the-art instruments and strategies for managing ...

Real estate finance and investment manual

Updated and revised to include ten years of new developments in real estate investment, Real Estate Finance and Investment Manual, Ninth Edition is the definitive guide to financing for all real estate investors. Understand all the financing options, learn how to choose an appropriate strategy ...

The credit crunch

housing bubbles, globalisation and the worldwide economic crisis

This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner shows that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad ...

The subprime solution

how today´s global financial crisis happened, and what to do about it

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and ...

Payment card industry data security standard handbook

The recent plethora of information security and payment card data breaches has created a tremendous amount of problems for consumers, retailers, financial institutions and service providers. "Payment Card Industry Data Security Standard Handbook" addresses the payment card industry standard that includes requirements for security management ...

Advances in credit risk modelling and corporate bankruptcy prediction

Eds. Stewart Jones, David A. Hensher. The field of credit risk and corporate bankruptcy prediction has gained considerable momentum following the collapse of many large corporations around the world, and more recently through the sub-prime scandal in the United States. This book provides a thorough ...

Credit derivatives handbook

global perspectives, innovations, and market drivers

Eds. Greg N. Gregoriou, Paul Ali. This book helps you latch onto the $18 trillion market of credit derivatives. "The Credit Derivatives Handbook" is an authoritative guide to the latest developments in these powerful credit risk-managing tools. Greg Gregoriou brings together more than 20 leading ...

Genres of the credit economy

mediating value in Eighteenth- and Nineteenth-century britain

How did banking, borrowing, investing, and even losing money - in other words, participating in the modern financial system - come to seem like routine activities of everyday life? "Genres of the Credit Economy" addresses this question by examining the history of financial instruments and representations of ...

The Crunch

the scandal of Northern Rock and the escalating credit crisis

On 9 August 2007, France's largest bank announced that it had to suspend trading in two huge investment funds it controlled. The same day three German banks revealed that they were close to collapse. A few days later came the first run on a ...

Manual de análisis del riesgo de crédito de las PYMES

Qué cautelas se deben tomar para evitar la morosidad? ¿Qué medidas se han de tomar para asegurar los pagos? ¿Cabría establecer un protocolo de análisis sistemático de riesgo de crédito? Son cuestiones que exigen una rápida y clara respuesta en el actual contexto de crisis ...

Chain of blame

how Wall Street caused the mortgage and credit crisis

In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust - and the people responsible for the crisis included not just unregulated loan brokers and con artists, but also investment ...

The future of banking in a globalised world

The world of banking is changing dramatically as a result of regulation, technology and society. New developments in the past three years include advances in regulatory change, the impact of China and India; from the latest technologies to impact bank services, to the latest experiments ...

Money tales

Ejercicios y esquemas de dinero y banca