The Applications and Pricing Development of Credit Derivatives

Autor:	Ng, Chun-hung, 吳振雄
Rok vydání:	2004
Druh dokumentu:	學位論文 ; thesis
Popis:	92 With the rapid development of Credit Derivatives, we could enhance the efficience of financial market. In this thesis, we analyze the pricing development and applications of Credit Derivatives, mainly from the frame of Total Returns Swap, Credit Default Swap, CLN as well as CDO. We also try to introduce clearly the differences between the academic pricing model and the practices .Our research suggests that the Taiwan government should mature the interest-rate market to provide the appropriate instruments to hedge and implement the price discovery of the Credit Derivatives. We also suggest that the future main streams of Credit Derivatives market in Taiwan should surround the frame under the CDO as well as CLN .
Databáze:	Networked Digital Library of Theses & Dissertations
Externí odkaz:	http://ndltd.ncl.edu.tw/handle/33863827698423320486 Zobrazit plný text záznamu