bokomslag Collateralized Debt Obligations
Samhälle & debatt

Collateralized Debt Obligations

Albert Schaber

Pocket

1009:-

Funktionen begränsas av dina webbläsarinställningar (t.ex. privat läge).

Uppskattad leveranstid 10-16 arbetsdagar

Fri frakt för medlemmar vid köp för minst 249:-

  • 180 sidor
  • 2009
This book offers insights into three different aspects of Collateralized Debt Obligations (CDOs). The first section covers a mechanism that explains the sale of first loss positions to investors. The theoretical model is based on a repeated game and focuses on the role of issuer reputation. The second section empirically analyzes combination notes. These are a particular type of security issued in CDOs, consisting of parts of different tranches of one CDO transaction. The findings show that combination notes are used as an equity transfer vehicle and that their tranching caters to segmented demand. The third section finally analyzes the tranching of CDOs. A transaction cost-based hypothesis of tranching is proposed and verified empirically.
  • Författare: Albert Schaber
  • Illustratör: 23 tables 5 fig
  • Format: Pocket/Paperback
  • ISBN: 9783631587959
  • Språk: Engelska
  • Antal sidor: 180
  • Utgivningsdatum: 2009-09-29
  • Förlag: Peter Lang AG