Recently added articles from Economic Review (Atlanta, GA):
Preface--credit derivatives: where's the risk?(dialogue with paula tkac)(Interview)
Oct 01, 2007; ... Moderator: Welcome to Research Insights, a podcast from the Federal Reserve Bank of Atlanta. Our topic today is credit derivatives .... Our first question is, What are credit derivatives? Tkac: ... Credit derivatives are a relatively recent financial innovation that effectively ...
Credit derivatives: an overview.
Oct 01, 2007; ... A derivative is a bilateral agreement that shifts risk from one party to another; its value is derived from the value of an underlying price, rate, index, or financial instrument. A credit derivative is an agreement designed explicitly to shift credit risk between the parties; its value is ...
Credit derivatives and risk management.(Author abstract)
Oct 01, 2007; ... The growth of credit derivatives suggests that market participants find them useful for risk management. Figure 1 shows the growth trajectory for credit derivatives from two surveys of derivatives dealers: the International Swaps and Derivatives Association (ISDA) Market Survey, which goes ...
Credit derivatives, macro risks, and systemic risks.
Oct 01, 2007; ... In the early to mid-1990s, derivatives received a great deal of negative publicity in the popular media. Several unfortunate incidents ultimately led Gastineau and Kritzman (1996), in the revised edition of their Dictionary of Financial Risk Management, to define a derivative as, "in the ...
Errata notice.(Correction notice)
Jul 01, 2007 ... ERRATA NOTICE: In the First and Second Quarters 2007 Economic Review, in the commentary "Policies and Prescriptions for Safe and Sound Banking: Shocks, Lessons, and Prospects," by James A. Wilcox, the graph shown for Figure 2, ...