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Fiancial Innovation, Structuring and Risk Transfer

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  • Vanini, Paolo

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

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File URL: http://mpra.ub.uni-muenchen.de/42536/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 42536.

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Date of creation: Nov 2012
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Handle: RePEc:pra:mprapa:42536

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Keywords: financial innovation; risk transfer; structuring; pricing; regulation; investment; markets;

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