How Long to Read Credit Correlation

How Long Does it Take to Read Credit Correlation?

It takes the average reader 3 hours and 3 minutes to read Credit Correlation by Alexander Lipton

Assuming a reading speed of 250 words per minute. Learn more

Description

The recent growth of credit derivatives has been explosive. The global credit derivatives market grew in notional value from $1 trillion to $20 trillion from 2000 to 2006. However, understanding the true nature of these instruments still poses both theoretical and practical challenges. For a long time now, the framework of Gaussian copulas parameterized by correlation, and more recently base correlation, has provided an adequate, if unintuitive, description of the market. However, the increased liquidity in credit indices and index tranches, as well as the proliferation of exotic instruments such as forward starting tranches, options on tranches, leveraged super senior tranches, and the like, have made it imperative to come up with models that describe market reality better.This book, originally and concurrently published in the International Journal of Theoretical and Applied Finance, Vol. 10, No. 4, 2007, agrees that base correlation has outlived its usefulness; opinions of how to replace it, however, are divided. Both the top-down and bottom-up approaches for describing the dynamics of credit baskets are presented, and pro and contra arguments are put forward. Readers will decide which direction is the most promising one at the moment. However, it is hoped that, in the near future, models that transcend base correlation will be proposed and accepted by the market.

How long is Credit Correlation?

Credit Correlation by Alexander Lipton is 178 pages long, and a total of 45,924 words.

This makes it 60% the length of the average book. It also has 56% more words than the average book.

How Long Does it Take to Read Credit Correlation Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 10 minutes to read Credit Correlation aloud.

What Reading Level is Credit Correlation?

Credit Correlation is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Credit Correlation?

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