Fiancial Innovation, Structuring and Risk Transfer

Vanini, Paolo (2012): Fiancial Innovation, Structuring and Risk Transfer.

Abstract

These lecture notes are about financial innovations. We ask why are there some innovation and how is an innovative idea realized. This forces us to consider practical and structural aspects (regulations, taxation, markets) as key drivers of innovations and also basic formal aspects in valuation.

Contents:

Overview: Taxes and Regulation, Technology, Who Innovates, Life Cycle, Pricing and Hedging Discount Factors and No Arbitrage

Investment: Rule Bases, Alpha, Beta, View and Trade, Fund Industry, Portfolio Theory

Swaps and Financial Markets: IRS, TRS, ALM, ISDA Retail Structured Products Real Estate Asset Class, Green Banking, Demographic Risk

Financial Crisis: Overview Leverage, Systemic Risk, Securitization, Pricing

• Item Type: MPRA Paper
• English Title: Financial Innovation, Structuring and Risk Transfer
• Language: English
• Keywords: financial innovation, risk transfer, structuring, pricing, regulation, investment, markets
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D50 - General; G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation; D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D52 - Incomplete Markets; G - Financial Economics > G1 - General Financial Markets > G10 - General; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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