1.

Record Nr.

UNINA9911020087303321

Autore

Schoutens Wim

Titolo

Levy processes in credit risk / / Wim Schoutens and Jessica Cariboni

Pubbl/distr/stampa

[Hoboken, NJ], : John Wiley & Sons, c2009

ISBN

9786612291722

9780470685068

0470685069

9781119206521

1119206529

9781282291720

1282291726

9780470749036

0470749032

Descrizione fisica

1 online resource (201 p.)

Collana

The Wiley Finance Series ; ; v.519

Altri autori (Persone)

CariboniJessica

Disciplina

658.8/8015195

Soggetti

Credit - Management - Mathematical models

Risk management - Mathematical models

Lévy processes

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

L ́evy Processes in Credit Risk; Contents; Preface; Acknowledgements; PART I: INTRODUCTION; 1 An Introduction to Credit Risk; 2 An Introduction to L ́evy Processes; PART II: SINGLE-NAME MODELLING; 3 Single-Name Credit Derivatives; 4 Firm-Value L ́evy Models; 5 Intensity L ́evy Models; PART III: MULTIVARIATE MODELLING; 6 Multivariate Credit Products; 7 Collateralized Debt Obligations; 8 Multivariate Index Modelling; PART IV: EXOTIC STRUCTURED CREDIT RISK PRODUCTS; 9 Credit CPPIs and CPDOs; 10 Asset-Backed Securities; Bibliography; Index

Sommario/riassunto

This book is an introductory guide to using Lévy processes for credit risk modelling. It covers all types of credit derivatives: from the single name vanillas such as Credit Default Swaps (CDSs) right through to structured credit risk products such as Collateralized Debt Obligations



(CDOs), Constant Proportion Portfolio Insurances (CPPIs) and Constant Proportion Debt Obligations (CPDOs) as well as new advanced rating models for Asset Backed Securities (ABSs).  Jumps and extreme events are crucial stylized features, essential in the modelling of the very volatile credit markets - the recent