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Interest Rate Swaps and Other Derivatives

Interest Rate Swaps and Other Derivatives


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About the Book

The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them.

Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.
About the Author: Howard Corb is an adjunct associate professor in finance and economics at Columbia Business School and a partner at Arel Capital. After receiving his Ph.D. in finance from Stanford University, he began his Wall Street career at J. P. Morgan and later joined Morgan Stanley, during which time he worked with a variety of institutional clients to help manage their interest rate risk using derivatives.


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Product Details
  • ISBN-13: 9780231159647
  • Publisher: Columbia University Press
  • Publisher Imprint: Columbia University Press
  • Depth: 44
  • Language: English
  • Returnable: Y
  • Spine Width: 43 mm
  • Width: 157 mm
  • ISBN-10: 0231159641
  • Publisher Date: 28 Aug 2012
  • Binding: Hardback
  • Height: 231 mm
  • No of Pages: 624
  • Series Title: Columbia Business School Publishing
  • Weight: 956 gr


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