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Collateralized Debt Obligations - First Loss Piece Retention, Combination Notes, and Tranching (Paperback, 1st New edition) Loot Price: R800 Discovery Miles 8 000
Collateralized Debt Obligations - First Loss Piece Retention, Combination Notes, and Tranching (Paperback, 1st New edition):...
Collateralized Debt Obligations - First Loss Piece Retention, Combination Notes, and Tranching (Paperback, 1st New edition):...

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Collateralized Debt Obligations - First Loss Piece Retention, Combination Notes, and Tranching (Paperback, 1st New edition)

Albert Schaber

Series: Europaische Hochschulschriften Reihe 5: Volks- und Betriebswirtschaft, 3351

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This book offers insights into three different aspects of Collateralized Debt Obligations (CDOs). The first section covers a mechanism that explains the sale of first loss positions to investors. The theoretical model is based on a repeated game and focuses on the role of issuer reputation. The second section empirically analyzes combination notes. These are a particular type of security issued in CDOs, consisting of parts of different tranches of one CDO transaction. The findings show that combination notes are used as an equity transfer vehicle and that their tranching caters to segmented demand. The third section finally analyzes the tranching of CDOs. A transaction cost-based hypothesis of tranching is proposed and verified empirically.

General

Imprint: Peter Lang Pub Inc
Country of origin: Germany
Series: Europaische Hochschulschriften Reihe 5: Volks- und Betriebswirtschaft, 3351
Release date: September 2009
First published: 2009
Authors: Albert Schaber
Dimensions: 210 x 148 x 13mm (L x W x T)
Format: Paperback
Pages: 180
Edition: 1st New edition
ISBN-13: 978-3-631-58795-9
Barcode: 9783631587959
Categories: Promotions
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Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics > Monetary economics
LSN: 3-631-58795-3

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