Interest rate models

an infinite-dimensional stochastic analysis perspective

"Interest Rate Models: An Infinite Dimensional Stochastic Analysis Perspective" studies the mathematical issues that arise in modeling the interest rate term structure. These issues are approached by casting the interest rate models as stochastic evolution equations in infinite dimensional function spaces. The book is comprised ...

Tratado de Derecho mercantil

T.28: La tarjeta de crédito

Este libro pretende ocuparse de las principales cuestiones que el empleo de las tarjetas de crédito plantea en el tráfico mercantil, analizando la respuesta que de nuestro ordenamiento jurídico cabe esperar para cada una de ellas. así, a lo largo de sus páginas, revisamos los ...

Stress testing for risk control under basel

The Consultative paper issued by the Basel Committee on Banking Supervision (Basel II) cites the failure of bankers to adequately stress test exposures as a major reason for bad loans. Sample quotes from this crucial document include: "Banks should take into consideration potential future changes ...

ICC Reglas y usos uniformes relativos a los Créditos documentarios revisión 2007 = ICC Uniform customs and practice for Documentary credits 2007 revision

Las cartas de crédito comercial son el elemento vital del comercio internacional. Durante más de 70 años, las Reglas y Usos Uniformes relativos a los Créditos Documentarios (UCP) -las Reglas de la Cámara de Comercio Internacional sobre créditos socumentarios- han gobernado las transacciones con cartas ...

Una nueva visión del riesgo de crédito

El objetivo de esta obra es medir el riesgo de crédito del sistema financiero, utilizando un enfoque moderno mediante una metodología innovadora. Esta obra se concentra en explicar en detalle los dos paradigmas comerciales más utilizados entre los practicantes, el CreditRisk y el CreditMetrics y ...

House prices and the macroeconomy

implications for banking and price stability

House price bubbles, and their aftermath, have become a focus of macro- economic policy concern in most developed countries. This book elucidates the two-way relationship between house-price fluctuations and economic fundamentals. Housing has many features which make it distinct from other assets, like equity. Real ...

Credit derivatives

techniques to manage credit risk for financial professionals

ÍNDICE: Part I: Credit Derivative Products and Application: 1: An Introduction to Credit Derivatives. 2: Fundamental Credit Derivative Products . 3: Structured and Synthetic Credit Products. 4: An Overview of Credit Derivative Applications. Part II: Valuation Tools: 5: A Primer on Risk Modeling . 6: A Basic ...

The economics of consumer credit

This work offers a cross-national analysis of empirical, theoretical, and policy issues in the consumer credit industry, including household debt, credit card usage, and bankruptcy. Academic research and policy discussions of credit markets usually focus on borrowing by firms and producers rather than households, which ...

The economics and regulation of financial privacy

an international comparison of credit reporting systems

This book provides the first in-depth analysis of the economics and regulation of financial privacy. It is an international comparison of credit reporting systems in the United States and in European countries. On the theoretical level the book explains competition in information markets, especially in ...

Handbook mortgage backed securities

Frank J. Fabozzi is one of the world's foremost authorities on fixed income securities and derivative instruments, and the author or editor of dozens of widely acclaimed fixed income books, including The Handbook of Fixed Income Securities, which sold more than 25,000 copies ...

The LIBOR market model in practice

The LIBOR market model is an interest rate model that is used to price derivatives. Whilst the number of books on interest rate modeling is large, this is a reflection of the speed of development of the theory and market demand. This book will concentrate ...

Active credit portfolio management

a practical guide to credit risk management strategies

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 350 bn in respect to outstanding corporate bonds. Against this background, credit risk trading and credit portfolio management gained ...

The evolution of creditary structures and controls

Money is negotiable debts. Monetarist principles have to date largely ignored the supply of new credit and trade credit. High interest rates cause inflation, stagflation and unemployment, but never cure. The author argues that governments use faulty methods for regulating credit and argues the use ...

Introducción al renting

Este libro tiene por objetivo facilitar el acercamiento a un instrumento cada vez más presente en la vida de las empresas como es el renting, una forma de alquiler en la que están incluidos los servicios fundamentales para el buen funcionamiento del bien, no existiendo ...

Microcrédito en países desarrollados

problemas, retos y propuestas

Los microcréditos son préstamos de pequeña cuantía para personas que no pueden optar a un préstamo bancario convencional. Su situación socioeconómica, las características del préstamo que necesitan, la imposibilidad de aportar garantías o de cumplir con los requerimientos administrativos que exigen las entidades financieras les ...

Préstamos hipotecarios

la compra de bienes inmuebles

El presente libro trata de dar respuesta a un buen número de incógnitas que surgen a la hora de realizar la que , probablemente, sea la mayor inversión de la vida de los consumidores: la adquisición de una vivienda. El estudio ha sido diseñado desde la ...

The economics of microfinance

The microfinance revolution, begun with independent initiatives in Latin America and South Asia starting in the 1970s, has so far allowed 65 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. This comprehensive survey of microfinance ...

The new masters of capital

american bond rating agencies and the politics of creditworthiness

Structured credit products

credit derivatives and synthetic securitisation

Structured Credit Products are one of today's fastest growing investment and risk management mechanisms, and a focus of innovation and creativity in the capital markets. The building blocks of these products are credit derivatives, which are among the most widely used products in finance ...

Basilea II

una nueva forma de relación Banca-Empresa

El libro está enfocado, primordialmente, a ¿sensibilizar¿ a los empresarios directivos de esta nueva realidad financiera que les afecta en su ¿core business?. Basilea II pretende alcanzar tres objetivos:- Que el capital de las entidades crediticias sea cada día sea más sensible a los distintos ...