Credit derivatives are the newest entrant to the world of derivatives and they have quickly become one of the fastest-growing areas of interest in global derivatives and risk management.
'Credit Derivatives: Instruments, Applications, And Pricing' provides an in-depth explanation of this risk management tool, which has been increasingly used to manage credit risk in banking and capital markets. In this comprehensive text, the authors cover everything, from the basics of why credit risk is important, to accounting and tax implications of credit derivatives.
