Advertisement

Introduction

Chapter
  • 741 Downloads
Part of the BestMasters book series (BEST)

Abstract

The financial crisis which started in 2007 has shown a comprehensive undervaluation by the Financial Institutions, of the risk involved in credit derivatives, such as collateralized debt obligations (CDOs).

The complexity of CDOs, combined with inadequate tools for modeling the risk, solicited the formation of a more robust approach to measure and price them.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Fachmedien Wiesbaden 2014

Authors and Affiliations

  1. 1.ViennaAustria

Personalised recommendations