Interest Rate Swaps and Other Derivatives by Howard Corb (English) Hardcover Boo

Description: Interest Rate Swaps and Other Derivatives by Howard Corb In this volume, Howard M. Corb explains the concepts behind interest rate swaps and the derivatives spawned from their success. While his book is filled with sophisticated formulas and analysis, it is geared toward the average reader in search of an in depth understanding of these markets. Corb helps readers develop an intuition about these products and their use in the market, and he follows their manipulation into more complicated trades and structures. Through examples from financial and reverse engineering, he demonstrates how such products are created and how they can be deconstructed and analyzed effectively. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corbs book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively. Author Biography Howard Corb is an adjunct associate professor in finance and economics at Columbia Business School and a partner at Arel Capital. After receiving his Ph.D. in finance from Stanford University, he began his Wall Street career at J. P. Morgan and later joined Morgan Stanley, during which time he worked with a variety of institutional clients to help manage their interest rate risk using derivatives. Table of Contents Preface Acknowledgments List of Abbreviations 1. An Introduction to Swaps 2. The Risk Characteristics and the Traditional Uses of Swaps 3. The Pricing of Swaps 4. Caps and Floors 5. Swaptions 6. Swaps with Embedded Options 7. Structured Notes 8. Relative Value and Macro Trades 9. More Recent Product Innovations Appendixes A. Refresher in Option Pricing B. A Brief Review of Some Fixed Income Topics C. A Closer Look at Day Count and Payment Conventions in Swaps D. A Quick Look at Mortgages E. The Normal Model Solutions to Selected Problems Bibliography Index Review Howard Corbs comprehensive treatment of interest rate swaps and related derivatives is destined to be the standard source for all professionals and students anxious to learn both concepts and practice. This book is authoritative, accessible, and rich with applications and illustrative examples. -- Darrell Duffie, Stanford University Finally, a complete and comprehensive derivative textbook that is both commercial and quantitative. This book is written in a wonderful conversational manner that will appeal to students of many derivative applications-corporations of all sizes, institutional investors of all kinds, public sector borrowers, global regulators, quants and educators at all levels. Howard Corb has really captured everything-the broad array of products and the necessary maths and associated variables-covering both common applications along with all the nuances. Undoubtedly this book will serve as both a textbook for the inquisitive and a reference book for all practitioners. I have grown with the swaps and derivatives market for the last quarter century and would have valued having this book at my side on many occasions. I commend Corb for creating such an inclusive work. His book clearly captures his passion for the derivatives market and his sincere interest in education. -- Richard Prager, head of global trading, BlackRock Corbs book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. Academic Lounge Review Quote Howard Corbs comprehensive treatment of interest rate swaps and related derivatives is destined to be the standard source for all professionals and students anxious to learn both concepts and practice. This book is authoritative, accessible, and rich with applications and illustrative examples. Excerpt from Book Read an excerpt from Interest Rate Swaps and Other Derivatives (to view in full screen, click on icon in bottom right-hand corner): Details ISBN0231159641 Author Howard Corb Series Columbia Business School Publishing Year 2012 ISBN-10 0231159641 ISBN-13 9780231159647 Format Hardcover Imprint Columbia University Press Place of Publication New York Country of Publication United States Short Title INTEREST RATE SWAPS & OTHER DE Language English Media Book Publisher Columbia University Press DEWEY 332.6457 Pages 624 Publication Date 2012-08-28 Illustrations Charts: 50,, Graphs: 55, Translated from English UK Release Date 2012-08-28 NZ Release Date 2012-08-28 US Release Date 2012-08-28 Audience Professional & Vocational AU Release Date 2012-08-27 We've got this At The Nile, if you're looking for it, we've got it. 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