Laurent Gauthier: Securitization Economics

Cover: 9783030503284 | Securitization Economics | Laurent Gauthier | Taschenbuch | Paperback

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Sprache: Englisch

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Beschreibung

Securitization 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.

Über den Autor

Laurent 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.

Zusammenfassung

Introduces securitization, explains the analysis of loan portfolios and presents a detailed overview of structuring

Offers a useful guide to the economics of securitization and drills into its fundamental economic drivers and the problems it raises

Combines theoretical concepts and proofs with recent and impactful research from the field and confronts them with a practitioner's perspective

Inhaltsverzeichnis

Introduction 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.

Details

Erscheinungsjahr:	2021
Fachbereich:	Einzelne Wirtschaftszweige
Genre:	Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Reihe:	Springer Texts in Business and Economics
Inhalt:	xx 478 S. 55 s/w Illustr. 26 farbige Illustr. 478 p. 81 illus. 26 illus. in color.
ISBN-13:	9783030503284
ISBN-10:	3030503283
Sprache:	Englisch
Ausstattung / Beilage:	Paperback
Einband:	Kartoniert / Broschiert
Autor:	Gauthier, Laurent
Auflage:	1st ed. 2020
Hersteller:	Springer International Publishing Springer International Publishing AG Springer Texts in Business and Economics
Maße:	235 x 155 x 27 mm
Von/Mit:	Laurent Gauthier
Erscheinungsdatum:	02.08.2021
Gewicht:	0,75 kg

Artikel-ID: 120317432