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Credit Derivatives & Synthetic Structures: A Guide to Instruments and Applications
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Credit Derivatives & Synthetic Structures: A Guide to Instruments and Applications

3.38  ·  Rating Details  ·  16 Ratings  ·  2 Reviews
"If you want to know more about credit derivatives - and these days an increasing number of people do - then you should read this book."
Merton H. Miller, winner, Nobel Prize in Economics, 1990

Fully revised and updated
Here is the only comprehensive source that explains the various instruments in the market, their economic value, how to document trades, and more. This new ed
Hardcover, 304 pages
Published July 16th 2001 by John Wiley & Sons (first published June 9th 1998)
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I realized half way through that it was my second time reading this book. Still, my understanding in the past was so poor, that the second read was thoroughly enlightening. Tavakoli does an impressive job in making the Credit Derivatives market accessible to laymen. She expertly describes the nature, usage, terms, as well as their regulatory inspiration and their flaws.

I found it very helpful that she included examples of instruments that exist, though they make questionable sense. It really doe
Janet Tavakoli
Dec 31, 2014 Janet Tavakoli rated it it was amazing  ·  (Review from the author)
From author Janet Tavakoli
Credit Derivatives & Synthetic Structures is meant for financial pros with some background experience working in and around these products. Michael Burry told Congress he read this book along with Collateralized Debt Obligations (the first edition of Structured Finance), before he put on “the big short” mentioned in Michael Lewis’ post-crisis book about the trade. This revised second edition was published in 2001. It describes the strengths and weaknesses of models,
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Dec 31, 2014 Janet Tavakoli rated it it was amazing  ·  (Review from the author)  ·  review of another edition
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Janet Tavakoli is the founder president of Tavakoli Structured Finance, Inc., a Chicago-based consulting firm established in 2003.

Ms. Tavakoli is an occasional front-page blogger at The Huffington Post. She also posts topical finance updates at her business site: and posts blogs related to her novel at her author's web site:

She is frequentl
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