num_pages: 336
description: Credit and credit risk permeates every corner of the financial world. Previously credit tended to be acknowledged only when dealing with counterparty credit risk high-yield debt or credit-linked derivatives now it affects all things including such fundamental concepts as assessing the present value of a future cash flow. The purpose of this book is to analyze credit from the beginning--the point at which any borrowing entity (sovereign corporate etc.) decides to raise capital through its treasury operation. To describe the debt management activity the book presents examples from the development banking world which not only presents a clearer banking structure but in addition sits at the intersection of many topical issues (multi-lateral agencies quasi-governmental entities Emerging Markets shrinking pool of AAA borrowers etc.). This book covers:Curve construction (instruments collateralization discounting bootstrapping) Credit and fair valuing of loans (modeling development institutions) Emerging markets and liquidity (liquidity credit capital control development) Bond pricing (credit illiquid bonds recovery pricing) Treasury (funding as an asset swap structure benchmarks for borrowing/investing) Risk and asset liability management (leverage hedging funding risk)
language: None
title: Treasury Finance and Development Banking: A Guide to Credit, Debt, and Risk
publisher: Wiley