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.
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© 2014 Springer Fachmedien Wiesbaden
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Marcantoni, E. (2014). Introduction. In: Collateralized Debt Obligations. BestMasters. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-04846-4_1
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DOI: https://doi.org/10.1007/978-3-658-04846-4_1
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Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-04845-7
Online ISBN: 978-3-658-04846-4
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