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Englisch
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Beschreibung
Securitization is widely used around the world, and structured products are one of the largest fixed-income asset classes. This textbook guides readers through the complexity of this financial technique and first introduces them to the mechanics of securitization and makes the key concepts, techniques and logic of this field accessible for teachers and students alike. Further, the textbook presents a systematic economic analysis of securitization, asking and answering why it exists, how it works, why it has failed, how complex structures operate, why they are so complex, and many other related questions. The author offers a unique approach, and combines detailed discussions of theoretical economics models with advanced empirical research in order to confront them to the perspective of an experienced practitioner in this market.
Securitization is widely used around the world, and structured products are one of the largest fixed-income asset classes. This textbook guides readers through the complexity of this financial technique and first introduces them to the mechanics of securitization and makes the key concepts, techniques and logic of this field accessible for teachers and students alike. Further, the textbook presents a systematic economic analysis of securitization, asking and answering why it exists, how it works, why it has failed, how complex structures operate, why they are so complex, and many other related questions. The author offers a unique approach, and combines detailed discussions of theoretical economics models with advanced empirical research in order to confront them to the perspective of an experienced practitioner in this market.
Über den Autor
Laurent Gauthier works as a consultant advising institutional investors on securitized products research and modeling, teaches as an adjunct at Toulouse Business School (France), and has been a Visiting Professor in economics at the University of Konstanz (Germany). He has spent close to 25 years focusing on securitization, and ran securitized products research and trading strategy at Morgan Stanley and at other investment banks. He graduated from Edhec Business School (France) with a major in corporate finance, and holds a PhD in mathematics from Sorbonne University (France). He has published several articles and book chapters in mathematical finance and on the analysis of securitized products.
Zusammenfassung
Introduces securitization, explains the analysis of loan portfolios and presents a detailed overview of structuring
Offers a useful guide to the economics of securitization and drills into its fundamental economic drivers and the problems it raises
Combines theoretical concepts and proofs with recent and impactful research from the field and confronts them with a practitioner's perspective
Inhaltsverzeichnis
Introduction to the Economics of Securitazation.- Overview of Securitization and Securitized Products.- Overview of Loan Portfolio Analysis.- Incentives and the Economics of Securitization.- Problems with Securitization.- Structuring Securitized Bonds.- The Economics of Securitization Structuring.- Problems in Securitization Structuring.- Conclusion of Securitization Economics.
Details
| Erscheinungsjahr: | 2021 |
|---|---|
| Fachbereich: | Einzelne Wirtschaftszweige |
| Genre: | Recht, Sozialwissenschaften, Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Reihe: | Springer Texts in Business and Economics |
| Inhalt: |
xx
478 S. 55 s/w Illustr. 26 farbige Illustr. 478 p. 81 illus. 26 illus. in color. |
| ISBN-13: | 9783030503284 |
| ISBN-10: | 3030503283 |
| Sprache: | Englisch |
| Einband: | Kartoniert / Broschiert |
| Autor: | Gauthier, Laurent |
| Hersteller: |
Springer
Springer International Publishing AG Springer Texts in Business and Economics |
| Verantwortliche Person für die EU: | Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com |
| Maße: | 235 x 155 x 27 mm |
| Von/Mit: | Laurent Gauthier |
| Erscheinungsdatum: | 02.08.2021 |
| Gewicht: | 0,75 kg |