Credit Default Swap Markets in the Global Economy, Tamakoshi, Go , Hamori, Shigeyuki
Автор: Constantinides George M. Название: Financial Derivatives: Futures, Forwards, Swaps, Options, Corporate Securities, and Credit Default Swaps ISBN: 9814618411 ISBN-13(EAN): 9789814618410 Издательство: World Scientific Publishing Рейтинг: Цена: 77090.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Derivatives markets are an important and growing segment of financial markets and play an important role in the management of risk.
The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that when, in a bid to pull the country out of depression and get people back to work, he depreciated the U.S. dollar in relation to gold and annulled debt contracts retroactively. American Default is the story of this forgotten chapter in America's history.
Sebastian Edwards provides a masterful account of the economic and legal drama that embroiled a nation already reeling from global financial collapse. It began on April 5, 1933, when FDR ordered Americans to sell all their gold holdings to the government. This was followed by the removal of the country from the gold standard, the unilateral and retroactive rewriting of contracts, and the devaluation of the dollar. Anyone who held public and private debt suddenly saw its value reduced by nearly half, and debtors--including the U.S. government--suddenly owed their creditors far less. Revaluing the dollar imposed a hefty loss on investors and savers, many of them middle-class American families. The banks fought back, and a bitter battle for gold ensued. In early 1935, the case went to the Supreme Court. Edwards describes FDR's rancorous clashes with conservative Chief Justice Charles Evans Hughes, a confrontation that threatened to finish the New Deal for good--and that led to FDR's attempt to pack the court in 1937.
At a time when several major economies are on the brink of default or devaluing or recalling currencies, American Default is a timely account of a little-known yet drastic experiment with these policies, the inevitable backlash, and the ultimate result.
Consumer credit borrowing - using credit cards, store cards and personal loans - is an important and routine part of many of our lives. But what happens when these everyday forms of borrowing go 'bad', when people start to default on their loans and when they cannot, or will not, repay? It is this poorly understood, controversial, but central part of both the consumer credit industry and the lived experiences of an increasing number of people that this book explores.
Drawing on research from the interior of the debt collections industry, as well as debtors' own accounts and historical research into technologies of lending and collection, it examines precisely how this ever more sophisticated, globally connected market functions. It focuses on the highly intimate techniques used to try and recoup defaulting debts from borrowers, as well as on the collection industry's relationship with lenders. Joe Deville follows a journey of default, from debtors' borrowing practices, to the intrusion of collections technologies into their homes and everyday lives, to the collections organisation, to attempts by debtors to seek outside help. In the process he shows how to understand this particular market, we need to understand the central role played within it by emotion and affect.
By opening up for scrutiny an area of the economy which is often hidden from view, this book makes a major contribution both to understanding the relationship between emotion and calculation in markets and the role of consumer credit in our societies and economies. This book will be of interest to students, teachers and researchers in a range of fields, including sociology, anthropology, cultural studies, economics and social psychology.
Автор: Culp Название: Credit Default Swaps ISBN: 3319930753 ISBN-13(EAN): 9783319930756 Издательство: Springer Рейтинг: Цена: 130430.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as comprehensively summarizes the empirical evidence on important aspects of these instruments of risk transfer. Full-time academics, researchers at financial institutions, and students will benefit from the dispassionate and comprehensive summary of the academic literature; they can read this book instead of identifying, collecting, and reading the hundreds of academic articles on the important subject of credit risk transfer using derivatives and benefit from the synthesis of the literature provided.
Автор: Roggi Oliviero Название: Risk, Value And Default ISBN: 9814641715 ISBN-13(EAN): 9789814641715 Издательство: World Scientific Publishing Рейтинг: Цена: 92930.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Scholars and practitioners have known for a long time that risk plays an important, indeed central, role in determining the appropriate discount rate to be used in a sophisticated valuation model.
Автор: Philip Ernstberger Название: Crisis, Debt, and Default ISBN: 3658132302 ISBN-13(EAN): 9783658132309 Издательство: Springer Рейтинг: Цена: 60940.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Philip Ernstberger analyses in his three essays different topics of financial pathologies. In the third essay the author uses forecasts of default probabilities and implied market default probabilities to infer the weighing of information by investors.
Автор: Drelichman Mauricio, Voth Hans-Joachim Название: Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II ISBN: 0691151490 ISBN-13(EAN): 9780691151496 Издательство: Wiley Рейтинг: Цена: 44350.00 T Наличие на складе: Поставка под заказ. Описание: Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? This title looks at one famous case - the debts and defaults of Philip II of Spain. Using detailed evidence collected from sixteenth-century archives, it examines the incentives and returns of lenders.
Автор: Deville, Joe (lancaster University, Uk) Название: Lived economies of default ISBN: 0367867222 ISBN-13(EAN): 9780367867225 Издательство: Taylor&Francis Рейтинг: Цена: 44910.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Consumer credit borrowing - using credit cards, store cards and personal loans - is an important and routine part of many of our lives. But what happens when these everyday forms of borrowing go `bad`, when people cannot, or will not, repay? Drawing on research from the interior of the debt collections industry, it examines precisely how this ever
Автор: Prof. Dr. Thomas Hartmann-Wendels; Martin Honal Название: Loss Given Default von Mobilien-Leasingvertr?gen ISBN: 3834915769 ISBN-13(EAN): 9783834915764 Издательство: Springer Рейтинг: Цена: 47880.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Martin Honal beschaftigt sich mit der empirischen Analyse von Einflussgrossen auf den LGD von Mobilien-Leasingvertragen. Er untersucht den Einfluss gesamtwirtschaftlicher Grossen als auch die Wirkung objekt- und vertragsspezifischer Merkmale. "
Автор: Edwards Sebastian Название: American Default: The Untold Story of Fdr, the Supreme Court, and the Battle Over Gold ISBN: 0691196044 ISBN-13(EAN): 9780691196046 Издательство: Wiley Рейтинг: Цена: 17940.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The untold story of how FDR did the unthinkable to save the American economy.
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