Credit Correlation: Life After Copulas

Explore the complexities of the global credit derivatives market with Credit Correlation: Life After Copulas by World Scientific Publishing Co Pte Ltd. Published in 2008, this insightful hardback edition spans 176 pages and delves into the dramatic growth of the credit derivatives market, which surged from $1 trillion to an astonishing $20 trillion between 2000 and 2006.

Despite this rapid expansion, the intricacies of these financial instruments present both theoretical and practical challenges for professionals in the field. This book offers a comprehensive analysis, utilizing both top-down and bottom-up approaches to effectively describe the dynamics of credit baskets. Whether you're a seasoned expert or a newcomer to the world of credit derivatives, this title provides valuable insights that will enhance your understanding of the market.