Blogs about: Systemic Counterparty Confusion
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The Fallacy Of Home Prices And The Reality Of Mortgage Modification
Also published on the Atlantic Monthly’s Business Channel. Why A Decline In Home Prices Should Not Cause Defaults It seems that we have taken as an axiom the idea that if the price of a home drops bel… more →
Derivative Dribble
The Fallacy Of Home Prices And The Reality Of Mortgage Modification
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erdosfan wrote 9 months ago: Also published on the Atlantic Monthly’s Business Channel. Why A Decline In Home Prices Should Not C … more →
Surely You're Joking, Mr. Soros!
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erdosfan wrote 10 months ago: Also published on the Atlantic Monthly’s Business Channel. Behavioral Polemics In times of crisis, s … more →
Credit Default Swaps And Mortgage Backed Securities
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erdosfan wrote 10 months ago: Also published on the Atlantic Monthly’s Business Channel. Like Your Grandsire In Alibaster In … more →
Why Credit Default Swaps?
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erdosfan wrote 11 months ago: Imps and Impetus In this article, I will give a few explanations as to why credit default swaps, Sat … more →
The Demand For Risk And A Macroeconomic Theory of Credit Default Swaps: Part 2
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erdosfan wrote 11 months ago: Redux And Reduction In the previous article, we defined a highly abstract framework that considered … more →
The Demand For Risk And A Macroeconomic Theory of Credit Default Swaps: Part 1
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erdosfan wrote 11 months ago: A Higher Plane In this article, I will return to the ideas proposed in my article entitled, “A … more →
That's Certainly Not Why Credit Default Swaps
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erdosfan wrote 1 year ago: Upon Closer Inspection On Monday November 17, 2008, I posted a link to an article by Arnold Kling en … more →
Synthetic CDOs, Ratings, And Super Senior Tranches: Part 3
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erdosfan wrote 1 year ago: Prescience and Precedent In the previous articles (part 1 and part 2), we discussed both the modelin … more →
Synthetic CDOs, Ratings, And Super Senior Tranches: Part 2
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erdosfan wrote 1 year ago: Bait And Switch My apologies, but this is going to be a three part article. I have come to the conc … more →
Synthetic CDOs, Ratings, And Super Senior Tranches: Part 1
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erdosfan wrote 1 year ago: Super Senioritis I’ve been perusing the finance blogs lately and I’ve noticed a recent o … more →
Tranches And Risk
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erdosfan wrote 1 year ago: What Is A Tranche? Tranche is a French word that means slice. Every investment will convey certain r … more →
Mark To No Market Accounting
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erdosfan wrote 1 year ago: The Meaning Of It All In this article I explore an oft discussed topic: mark to market accounting. I … more →
Synthetic CDOs Demystified
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erdosfan wrote 1 year ago: Synthetic Debt Before we can understand how a synthetic CDO works, we must understand how credit def … more →
A Conceptual Framework For Analyzing Systemic Risk
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erdosfan wrote 1 year ago: The Cart Before The Horse There has been a lot of chatter about the systemic risks posed by derivati … more →
The Mythology Of Credit Default Swaps
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erdosfan wrote 1 year ago: Systemic Speculation Pundits from all corners have been chiming in on the debate over derivatives. A … more →
Securitization Demystified
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erdosfan wrote 1 year ago: What Is Securitization? Securitization is a process that allows the cash flows of an asset to be iso … more →
Derivatives/Synthetic Instruments Demystified
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erdosfan wrote 1 year ago: What Is A Derivative? A derivative is a contract that derives its value by reference to “somet … more →
Netting Demystified
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erdosfan wrote 1 year ago: Netting Is For Everyone, Not Just Fancy Swap Traders Unlike most terms used in the derivatives world … more →
Systemic Counterparty Confusion: Credit Default Swaps Demystified
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erdosfan wrote 1 year ago: It Is A Tale Told By An Idiot The press loves a spectacle. There’s a good reason for this: pan … more →
