A Primer on Credit Risk, Modeling, and Instruments

Great book for beginners!

This is a very good introductory book. The authors go into
explaining the details of the various derivatives in depth and give
concrete numerical examples how they can be priced. However only
elementary pricing techniques are considered — a practitioner will not
find much use of them.

I am giving the book 4 stars because the book contains many typos
and errors which can be quite confusing to a beginner (e.g. mislabeled
graphs). With four authors on the cover they could have done a better
job at this.

Distracting typos

Decent and accessible read, but has many typographical errors. I
mean guys, this is a text book, show your readers some respect by doing
adequate proof reading. 1 example:

Fig 3-15, page 99 y axis should be default prob., not credit spread as labeled.


Forex Banking And Trading - Credit Derivatives: A Primer on Credit Risk, Modeling, and Instruments

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