{"product_id":"treasury-finance-and-development-banking-website-a-guide-to-credit-debt-and-risk-hardcover","title":"Treasury Finance and Development Banking, + Website: A Guide to Credit, Debt, and Risk - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eBiagio Mazzi\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eCredit 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.).\u003cbr\u003e \u003cbr\u003e This book covers: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eCurve construction (instruments, collateralization, discounting, bootstrapping)\u003c\/li\u003e \u003cli\u003eCredit and fair valuing of loans (modeling, development institutions)\u003c\/li\u003e \u003cli\u003eEmerging markets and liquidity (liquidity, credit, capital control, development)\u003c\/li\u003e \u003cli\u003eBond pricing (credit, illiquid bonds, recovery pricing)\u003c\/li\u003e \u003cli\u003eTreasury (funding as an asset swap structure, benchmarks for borrowing\/investing)\u003c\/li\u003e \u003cli\u003eRisk and asset liability management (leverage, hedging, funding risk)\u003c\/li\u003e \u003c\/ul\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIt used to be that credit and the cost of debt were considered only when dealing with counterparty credit risk, high-yield debt, or credit-linked derivatives. In the wake of the 2007-2009 credit crisis, that is no longer the case. Credit and credit risk are now of crucial concern throughout the banking sector and the financial markets.\u003c\/p\u003e \u003cp\u003eBut, as expert Biagio Mazzi explains, any practical knowledge of credit and debt must be rooted in a thorough understanding of where credit originates: i.e., in treasuries--or more specifically, the point at which a borrowing entity, such as a corporation, bank, or sovereign nation, decides to raise capital through its treasury or debt management operation.\u003c\/p\u003e \u003cp\u003eWhich is why it is so surprising that, until now, there were no books devoted to the impact of the treasury desk on the pricing and valuation of financial instruments. This book fills that gap in the literature, offering a formal, yet highly accessible overview of the structure and function of treasuries, along with in-depth discussions of how debt affects all subsequent downstream financial activities.\u003c\/p\u003e \u003cp\u003eWith the help of numerous real-world examples--including an abundance of graphs and market data screen shots--taken from the trading and development banking world, Dr. Mazzi explores an array of critical topics, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eCurve construction and the increasing role of credit in discounting\u003c\/li\u003e \u003cli\u003eAsset swaps as the key to funding\u003c\/li\u003e \u003cli\u003eBasic credit modeling as a framework for understanding default\u003c\/li\u003e \u003cli\u003eFair value of loans and its implications\u003c\/li\u003e \u003cli\u003eEmerging markets and their key financial characteristics\u003c\/li\u003e \u003cli\u003eBond pricing and the challenges of illiquid or distressed debt\u003c\/li\u003e \u003cli\u003eAsset liability management as a manifestation of debt and credit flowing through an institution\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOn the \u003ci\u003eTreasury Finance and Development Banking\u003c\/i\u003e companion website, you'll find a host of powerful tools for implementing the practices covered in the book, including spreadsheets and macros, interest rate and credit modeling apps, and more.\u003c\/p\u003e \u003cp\u003eThe first practical guide to understanding how treasury funding affects the operations of financial institutions and, more importantly, how it impacts the ways in which activities are assessed, transactions priced, and financial risks managed, \u003ci\u003eTreasury Management and Development Banking\u003c\/i\u003e is an invaluable working resource for banking and other finance professionals, especially those involved in the fixed income markets.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIt used to be that credit and the cost of debt were considered only when dealing with counterparty credit risk, high-yield debt, or credit-linked derivatives. In the wake of the 2007-2009 credit crisis, that is no longer the case. Credit and credit risk are now of crucial concern throughout the banking sector and the financial markets. \u003c\/p\u003e\u003cp\u003eBut, as expert Biagio Mazzi explains, any practical knowledge of credit and debt must be rooted in a thorough understanding of where credit originates: i.e., in treasuries--or more specifically, the point at which a borrowing entity, such as a corporation, bank, or sovereign nation, decides to raise capital through its treasury or debt management operation. \u003c\/p\u003e\u003cp\u003eWhich is why it is so surprising that, until now, there were no books devoted to the impact of the treasury desk on the pricing and valuation of financial instruments. This book fills that gap in the literature, offering a formal, yet highly accessible overview of the structure and function of treasuries, along with in-depth discussions of how debt affects all subsequent downstream financial activities. \u003c\/p\u003e\u003cp\u003eWith the help of numerous real-world examples--including an abundance of graphs and market data screen shots--taken from the trading and development banking world, Dr. Mazzi explores an array of critical topics, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eCurve construction and the increasing role of credit in discounting\u003c\/li\u003e \u003cli\u003eAsset swaps as the key to funding\u003c\/li\u003e \u003cli\u003eBasic credit modeling as a framework for understanding default\u003c\/li\u003e \u003cli\u003eFair value of loans and its implications\u003c\/li\u003e \u003cli\u003eEmerging markets and their key financial characteristics\u003c\/li\u003e \u003cli\u003eBond pricing and the challenges of illiquid or distressed debt\u003c\/li\u003e \u003cli\u003eAsset liability management as a manifestation of debt and credit flowing through an institution\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOn the \u003ci\u003eTreasury Finance and Development Banking\u003c\/i\u003e companion website, you'll find a host of powerful tools for implementing the practices covered in the book, including spreadsheets and macros, interest rate and credit modeling apps, and more. \u003c\/p\u003e\u003cp\u003eThe first practical guide to understanding how treasury funding affects the operations of financial institutions and, more importantly, how it impacts the ways in which activities are assessed, transactions priced, and financial risks managed, \u003ci\u003eTreasury Management and Development Banking\u003c\/i\u003e is an invaluable working resource for banking and other finance professionals, especially those involved in the fixed income markets.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBIAGIO MAZZI, PHD, \u003c\/b\u003e is a Senior Financial Officer on the Structured Notes Desk in the World Bank Treasury. Prior to the World Bank, Biago Mazzi was a Vice President at Morgan Stanley, where he was responsible for modeling exotic credit derivatives on the Emerging Markets Desk. Before working in fixed income, he was an equity derivatives quant at Barclays Capital and Banca Caboto. He holds a PhD in theoretical physics from the University of Cambridge.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 336\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.3 x 9 x 6.1 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 30, 2013\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":43718272778375,"sku":"9781118729120","price":94.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/06z6d3jmoS9781118729120.webp?v=1767995425","url":"https:\/\/booksby.splitshops.com\/products\/treasury-finance-and-development-banking-website-a-guide-to-credit-debt-and-risk-hardcover","provider":"Books by splitShops","version":"1.0","type":"link"}