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Credit Derivatives: Trends, Challenges and Opportunities

In: Advances In International Investments Traditional and Alternative Approaches

Author

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  • Gaiyan Zhang

    (College of Business Administration, University of Missouri-St. Louis, One University Blvd, St. Louis, MO 63121, USA)

Abstract

The explosively-growing credit derivatives market provides international investors a new and complementary platform to trade and hedge credit risk and sovereign risk, alone or combined with other positions. Understanding the products and functions, participants, risk and opportunities in the credit derivative market is essential for international investors to maximize investment returns and minimize risk in this market, as well as in traditional bond and loan markets. This is particularly important in an increasingly integrated global financial market. This chapter provides an overview of the global credit derivatives market, including the history, new trends, products, participants, and risk, and then discusses the alternative investment and hedging opportunities provided by this market to international investors.

Suggested Citation

  • Gaiyan Zhang, 2008. "Credit Derivatives: Trends, Challenges and Opportunities," World Scientific Book Chapters, in: Hung-Gay Fung & Xiaoqing Eleanor Xu & Jot Yau (ed.), Advances In International Investments Traditional and Alternative Approaches, chapter 10, pages 231-257, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812770363_0010
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    More about this item

    Keywords

    Global Investment; Traditional and Alternative Investments; Equity Investments; Fixed Income Investments; Portfolio Management; Derivatives; Risk Management;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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