Credit Derivatives: Trends, Challenges and Opportunities

Gaiyan Zhang
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Gaiyan Zhang: College of Business Administration, University of Missouri-St. Louis, One University Blvd, St. Louis, MO 63121, USA

Chapter 10 in Advances in International Investments:Traditional and Alternative Approaches, 2008, pp 231-257 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe explosively-growing credit derivatives market provides international investors a new and complementary platform to trade and hedge credit risk and sovereign risk, alone or combined with other positions. Understanding the products and functions, participants, risk and opportunities in the credit derivative market is essential for international investors to maximize investment returns and minimize risk in this market, as well as in traditional bond and loan markets. This is particularly important in an increasingly integrated global financial market. This chapter provides an overview of the global credit derivatives market, including the history, new trends, products, participants, and risk, and then discusses the alternative investment and hedging opportunities provided by this market to international investors.

Keywords: Global Investment; Traditional and Alternative Investments; Equity Investments; Fixed Income Investments; Portfolio Management; Derivatives; Risk Management (search for similar items in EconPapers)
JEL-codes: F3 G21 (search for similar items in EconPapers)
Date: 2008
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