Description
John Wiley & Sons Inc Treasury Finance And Development Banking : A Guide To Credit Debt And Risk + Website by Biagio Mazzi
Credit and credit risk permeates every corner of the financial world. Previously credit tended to be acknowledged only when dealing with counterparty credit risk, high-yield debt or credit-linked derivatives, now it affects all things, including such fundamental concepts as assessing the present value of a future cash flow. The purpose of this book is to analyze credit from the beginning the point at which any borrowing entity sovereign, corporate, etc. decides to raise capital through its treasury operation. To describe the debt management activity, the book presents examples from the development banking world which not only presents a clearer banking structure but in addition sits at the intersection of many topical issues multi-lateral agencies, quasi-governmental entities, Emerging Markets, shrinking pool of AAA borrowers, etcThis book covers: * Curve construction instruments, collateralization, discounting, bootstrapping * Credit and fair valuing of loans modeling, development institutions * Emerging markets and liquidity liquidity, credit, capital control, development * Bond pricing credit, illiquid bonds, recovery pricing * Treasury funding as an asset swap structure, benchmarks for borrowing/investing * Risk and asset liability management leverage, hedging, funding riskshow more