The Swaps Market

by John F. Marshall

Summary

This fully revised and expanded text provides a thorough overview of the $4 trillion swaps market, and is useful as a supplement in any number of courses that cover derivatives and/or financial engineering. Chapters cover the following an overview and brief history of the swaps market; the generic swap structure; interest rate swaps; currency swaps; commodity swaps and equity swaps; structured solutions; financial engineering; the pricing of interest rate swaps; managing a swap portfolio; hedging; business cycle risk - the next major wave in derivatives? An instructor's manual is available to adopters.