This volume covers the topic of mathematical approaches for modeling structured products that are credit-linked to an underlying portfolio of credit-risky instruments. The authors do not
present all the modeling approaches, but concepts they found useful in their own work. It is written from the perspective of practitioners who apply mathematical concepts to structured credit
products. The authors begin with an overview of credit risk modeling, then discuss the modeling of basket products and collateralized debt obligations (CDOs). Some knowledge of probability
theory, stochastic processes, and credit risk modeling is assumed. Bluhm works in credit portfolio management in Switzerland, and Overbeck is a professor of mathematics at the U. of Giessen,
Germany, and works in portfolio analysis and pricing. Annotation 穢2007 Book News, Inc., Portland, OR (booknews.com)
