Structured
Finance & Collateralized Debt Obligations2nd
Edition, John Wiley & Sons, September 15,
2008 by
Janet Tavakoli. Pre-order via
Amazon. Completely
updated and state-of-the-art look at the CDO and structured
credit products market amid
recent developments. Comprehensive overview of the market
and key issues in valuing structured financial products
with important
quality control issues. Coverage
begins with an overview of market basics, technology, subprime
and Alt-A special issues, special purpose entities, total
rate of return swaps, cash and synthetic arbitrage CDOs,
CDO equity structures, selling CDO equity, balance sheet
CDOs, risk and return, the role of the rating agencies,
and credit hedge funds.
Praise
for the Second Edition "Janet
Tavakoli warned the world this disaster was coming well in
advance. Now she explains it again for those who did not
listen before as well as why it is not over yet. You
need to read this
book to understand the biggest credit bubble in world history." Jim
Rogers Author
of A Bull in China, Hot Commodities,
Adventure Capitalist, and Investment Biker “Janet
Tavakoli has warned people about the risks in structured
finance for years. Now
she
has written a primer
that the investor on Main Street can understand and the pro
on Wall Street would be unwise to ignore.” Roger
Lowenstein Author
of When
Genius Failed, While America Aged, Origins of the Crash,and Buffett:
The Making of an American Capitalist "Janet
Tavakoli has been able to dissect with a brisk style the
intricacies of many structured products. Not only does she
explain in a
clear and insightful manner how certain things work, but
more important, why others DO NOT WORK!!!Highly
recommended and very
much needed." Arturo
Cifuentes, Ph.D. Managing
Director, R.W. Pressprich
& Co. "Stan
O'Neal and Marcus Ospel
and more than
a few other bold-face
names in finance might
still have jobs if
they'd taken the trouble
to read this book.
Janet Tavakoli takes
the complexities of
today's derivatives
markets and makes them
both comprehensible
and digestible for
everybody from the
practitioner to the
interested observer." Greg Newton
Founding published,
MAR/Hedge "Janet
Tavakoli’s
new book provides
an insider view into
the
opaque world of structured
finance and collateralized
debt obligations.
With its clear explanations
of numerous structured-finance
innovations, I expect
this book to become
the 'Rosetta
Stone' for deciphering
these markets. This
book is a service
to
the investment community." Hilary
Till Co-Founder, Premia
Capital Management,
LLC "Janet
Tavakoli explains
the complex world
of structured finance
with unusual flair
and colorful anecdotes
from securitization's
front lines. An
indispensible and
up-to-date guide
for anyone seeking
greater understanding
of the CDO market."
Charles
C. Henneman, CFA
Head, Educational
Programs and Events,
CFA Institute
Collateralized
Debt Obligations & Structured FinanceJohn
Wiley & Sons, 2003 by Janet Tavakoli. In the global bestseller
in the field, financial expert Janet Tavakoli examines
groundbreaking securitization topics:
the
huge
increase
in
the CDO synthetic arbitrage; the tranches benefiting
most from this new technology; special purpose entities;
new securitization products made possible by credit derivatives
technology and more. Click
here for more details on this book.
“Caveat Emptor!
Never in the history of finance has this warning been
more appropriate.
With the development of CDO’s, Credit Derivatives and
other esoteric structured finance techniques, market participants—the
savvy as well as the novice—are exposed to a bewildering
array of new ideas, concepts and structures. Janet Tavakoli
has tackled these subjects in an outstanding mixture of exposition,
mathematics and skepticism. A must read for anyone who plans
to play in these markets.” Jack Caouette
Vice Chairman
MBIA Insurance Corporation
"Structured Finance is central to the continued
development of active credit portfolio management. In this
book, Ms. Tavakoli
not only provides an authoritative account of many of the Structured
Finance products employed by Portfolio Managers, but also
addresses,
in a forthright manner, a number of the 'burning issues' affecting
the industry in a post-Enron world." John Cross
Global Head, Portfolio Management & Risk Distribution
Standard Chartered Bank
“A timely and comprehensive survey of the latest
developments in structured finance, particularly given the
rapid pace of
change in the last few years. The author's depth of knowledge
and wide experience are conveyed clearly to the reader. At
a
time when the industry's ability to meet the complexities of
the differing requirements of market participants is under
challenge
from both the events of the last cycle and the authorities,
the insights offered in this book are especially valuable.” Mark Hale
Group Strategist
Ansbacher & Co., Ltd.
Credit
Derivatives & Synthetic Structures: A Guide to Instruments
and Applications 2nd Edition, John
Wiley & Sons 2001, by Janet Tavakoli, is the groundbreaking
global bestseller on credit derivatives products. In this classic
guide to products and concepts, Tavakoli makes the case for
profitable credit derivatives hedging and investing (first edition
is available in Japanese and Orthodox Chinese).
"If
you want to know more about credit
derivatives - and these days
an increasing number of people do - then you should read this
book." Merton H. Miller, winner,
Nobel Prize in Economics, 1990
Robert R. McCormick Distinguished Service Professor Emeritus,
University of Chicago Graduate School of Business
The
credit derivatives market doubled for three years
running according to ISDA.. The notional of outstanding
contracts rose from $3.5
trillion/$5.44 trillion
(Sources:
British
Bankers
Association/ISDA) in 2003 to $17.3 trillion
in 2005 (ISDA) and readched $34.5 trillion in
2006. Tavakoli Structured Finance estimates outstanding
credit
derivative contracts will reach
$50 trillion
at the end of 2007. These
figures capture only credit default swaps, baskets,
and portfolio transactions. Click
Here for More Detail on This Book
Japanese
Edition
- Credit Derivatives: A Guide to Instruments and
ApplicationsSigma
Base, 1999, by Janet Tavakoli,
is available in Japanese from Sigma Base publishing
in Japan, ISBN4-916106-35-0. Users with Japanese
character language packs can also order from Amazon
Japan.
