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Risk Transfer:

Derivatives in Theory and Practice (Google eBook)
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John Wiley & Sons, Sep 20, 2011 - Business & Economics - 448 pages
Based on an enormously popular "derivative instruments and applications" course taught by risk expert Christopher Culp at the University of Chicago, Risk Transfer will prepare both current practitioners and students alike for many of the issues and problems they will face in derivative markets. Filled with in-depth insight and practical advice, this book is an essential resource for those who want a comprehensive education and working knowledge of this major field in finance, as well as professionals studying to pass the GARP FRM exam.

Christopher L. Culp, PhD (Chicago, IL), is a Principal at CP Risk Management LLC and is also Adjunct Professor of Finance at the University of Chicago. He is the author of Corporate Aftershock (0-471-43002-1) and The ART of Risk Management (0-471-12495-8).

  

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Contents

The Demonization ofDerivatives
Introduction and Structure of the Book
The Determinants of Financial Innovation
Risk Uncertainty and Profit
Methods of Controlling Risk
Risk Transfer and Contracting Structures
The Evolution of Derivatives Activity
Derivatives Trading Clearance
The Costof Carrying Some Specific Assets
Heterogeneous Firms andOwn RatesofInterest
The Supply of Storage and the Term
The TermStructure ofInterestRates
Speculation and the Speculative Risk
Hedging Objectives
Chapter
and Model

Clearance andNetting Schemes
Recent Issues in Clearing and Settlement
Revisiting the Distinctions Between OTC
Principles of Derivatives Valuation AtMarket Versus offMarket Derivativesand
OwnRates of Interest and the Cost
Basic Formulation of the Model
Calendar Basis Risk
Economic Theory and Equilibrium
ExchangeTraded Derivatives Settlement Lags
Index
Copyright

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About the author (2011)

CHRISTOPHER L. CULP is an Adjunct Professor of Finance at the University of Chicago’s Graduate School of Business, a Principal at Chicago Partners LLC, and, during the winter academic term, a Resident Guest Professor of Risk and Insurance in the Institut für Finanzmanagement at Universität Bern in Switzerland. Culp is an active consultant to various financial and non-financial firms on risk management, financial instrument selection, and capital allocation. In addition, he is an independent non-executive Director of Idaho Power Company, Inc., and IDACORP, Inc., where he is a member of the Audit and Governance Committees of both boards, and he is a Senior Fellow in Financial Regulation with the Competitive Enterprise Institute in Washington, D.C. Culp is the author of two previous books (both published by Wiley), The ART of Risk Management and The Risk Management Process. He recently coedited for Wiley (with William Niskanen) Corporate Aftershock: The Public Policy Lessons from the Collapse of Enron and Other Major Corporations. Culp holds a PhD in finance from the Graduate School of Business of the University of Chicago and a BA in economics from the Johns Hopkins University.

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