Nobel Akademik Yayıncılık Structured Finance - Soner Gökten

Structured Finance Product Name : Structured Finance Publisher : Nobel Scientific Works Author : Soner Gökten Category : Research-Review-Doctrine Stock Code : 9786059663137 Page Number : 226 Size : 15,5x23,5 Edition Date : 2016 Cover Type : Paperback Paper Type : 1st Hamur Language : Description : Structured finance is a system that creates hybrid financial instruments that transfer the credit risk of the assets of the parent entity and use a combination of securitization and credit derivatives to raise funds. Structured finance practitioners can be banks (financial institutions), corporations or investors. As a result of financial engineering activities, fund demanders and investors can achieve objectives that they cannot achieve with traditional financial instruments. In this context, at least four main objectives of structured finance can be mentioned. These are return enhancement, credit enhancement, the creation of a unique payment structure and meeting the needs in asset/resource management. This book attempts to demonstrate how these objectives can be achieved through structured finance by modeling financial institutions. Another question the book seeks to answer is: Does financial innovation always lead to positive outcomes? Structured finance practices have been cited as the cause of the financial crisis that emerged in the US in the last quarter of 2007 and affected the whole world. The negative impact is still being felt in financial markets globally. Therefore, the limits of structured finance practices should be clearly defined by countries. In this context, the book discusses what these limits should be with a special focus on Turkey.