Fiancial Innovation, Structuring and Risk Transfer

Paolo Vanini

MPRA Paper from University Library of Munich, Germany

Abstract: These lecture notes are about financial innovations. We ask why are there some innovation and how is an innovative idea realized. This forces us to consider practical and structural aspects (regulations, taxation, markets) as key drivers of innovations and also basic formal aspects in valuation. Contents: Overview: Taxes and Regulation, Technology, Who Innovates, Life Cycle, Pricing and Hedging Discount Factors and No Arbitrage Investment: Rule Bases, Alpha, Beta, View and Trade, Fund Industry, Portfolio Theory Swaps and Financial Markets: IRS, TRS, ALM, ISDA Retail Structured Products Real Estate Asset Class, Green Banking, Demographic Risk Financial Crisis: Overview Leverage, Systemic Risk, Securitization, Pricing

Keywords: financial innovation; risk transfer; structuring; pricing; regulation; investment; markets (search for similar items in EconPapers)
JEL-codes: D50 D52 D81 G10 G12 G18 G21 (search for similar items in EconPapers)
Date: 2012-11
New Economics Papers: this item is included in nep-ino
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