Financial boom and gloom
the credit and banking crisis of 2007-2009 and beyond
- ISBN: 9780230578111
- Editorial: Palgrave MacMillan
- Fecha de la edición: 2009
- Lugar de la edición: London. Reino Unido
- Colección: Palgrave Macmillan Studies in Banking and Financial Institutions
- Encuadernación: Cartoné
- Medidas: 22 cm
- Nº Pág.: 277
- Idiomas: Inglés
Papel: Cartoné
97,38 €
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This title features a case study on Northern Rock; a comprehensive coverage of how and why credit risk escaped management control and supervisory watch; a down to earth explanation of CDOs, CDSs, their business opportunities and their risks; clear explanation of the difference between solvency and liquidity; and, practical examples on asset-backed commercial paper, structured investment vehicles, the carry trade and auction-rate securities, all of them very current themes. The credit and banking crisis which hit the western world in 2007/2008 has and will continue to have far-reaching after-effects. At their core are Collateralized Debt Obligations (CDOs) and Credit Default Swaos (CDSs), the main themes of this book.
