{"product_id":"credit-risk-transfer-instruments-von-qaiser-abbas-khan","title":"Credit Risk Transfer Instruments","description":"\u003cp\u003eFinancial crisis of 2007 has raised serious concerns regarding soundness of  financial system. It has been pointed out by several academic scholars that root  cause of recent turmoil is embedded deep and closely connected with innovation in  credit risk transfer. This study examines the motives behind creation of derivative  market and their role in financial meltdown. Among the credit derivatives the two  most widely used or abused tools, credit default swaps and collateralized debt  obligations, played a significant role in rapid establishment of credit derivative  universe thereby leaving behind the long established equity market. The study further  examines original concept of credit risk transfer along with their funding structure  and dynamics of different tools highlighting the role of Regulators, Rating Agencies,  Financial Institutions \u0026amp; contagion effects of innovation on financial industry and  establishment of shadow banking. The study concludes on quotation of Terri Duhond  that when car crash happens people only blame drivers rather than criticizing the  authorities who allow them to drive.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783847301325\"\u003e\u003ch3\u003eand Their Role in Financial Crisis\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783847301325","offer_id":39472667656285,"sku":"9783847301325","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/bfac4364-62d4-4550-abf9-e306953abde1.jpg?v=1758775279","url":"https:\/\/shop.autorenwelt.de\/products\/credit-risk-transfer-instruments-von-qaiser-abbas-khan","provider":"Autorenwelt Shop","version":"1.0","type":"link"}