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OverviewSecuritization 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. Full Product DetailsAuthor: Laurent GauthierPublisher: Springer Nature Switzerland AG Imprint: Springer Nature Switzerland AG Edition: 1st ed. 2020 Weight: 0.910kg ISBN: 9783030503253ISBN 10: 3030503259 Pages: 478 Publication Date: 01 August 2020 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsIntroduction 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.ReviewsAuthor InformationLaurent 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. Tab Content 6Author Website:Countries AvailableAll regions |