做信用衍生品，看哪本书好一些？

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信用衍生品初入门，要找本书系统的学习一下。
看论坛上有人推荐 Credit derivatives pricing models--Schonbucher ，也有人推荐Lando的Credit risk modeling ，还有很多别的书。 各位牛人给个推荐，我也好少走弯路。
另外，做信用衍生品，是不是一定要看copula和BGM的东西？

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关键词：信用衍生品 衍生品 derivatives Schonbucher credit risk 信用

Well, I can tell you what not to read: Credit derivatives pricing models--Schonbucher and Credit risk modeling.. They are references only for research and/or for PhD studies; They are not for beginners and at least not for you for another 5-year if you are still wondering of  copula and BGM now.

If you are not in area of financial engineering or mathematical finance and without a (mathematical ) master degree, then stay away from too technical issues of credit derivative models.  They are not needed beyond quantitative modeling.

In this case, John Hull’s book has a chapter, which can be a good start if you want some quantitative approach. But you need some financial background either through studies (if not, so you still have a question what to read ) or job experience to read it comfortably. This book is usually not hard, but not too soft. Keep it simple to understand concepts only and how to use them in practice, but not bother much mathematics.

If you intend to study in a financial engineering approach, credit derivative is usually a last or later chapter of your professor’s lecture notes, so you will know at that time what to read.

Hope this helps you move on.

Lando和Schonbucher都没有出copula和HJM的范围， 请少扯淡

M y  dear  副教授,  请 focus on the topic, this is about books and type of books and need of books of different levels.  请  Make you contribution to the need of people, the books.   请  show your knowledge in other topic posts regardless right or wrong,  all right ?  

Again my dear 副教授,   请 No fighting or 少扯淡 , which does not make this page looks good or knowledgeable OK. Do not feel bad, and just let it go. Have a good night   

一我不喜欢装人生导师瞎指点，二我不对自己不熟悉的东西发表意见，不像有些人还没看过张嘴就来推荐，比如Justin London的C++，甚至还没看过张嘴就来不推荐，比如Lando和Schonbucher，三即使我推荐了人家弄不到怎么办，我推荐Credit Derivatives: The Definitive Guide edited by Jon Gregory， 100多刀拉，你买给一楼看吗

I don't know who is right, but it's good to see genuine comments from both sides.

“我推荐 Credit Derivatives: The Definitive Guide edited by JonGregory，”

M y  dear  副教授, Congratulations. I am glad you switched to the point thatmay be useful to this topic this time. Why don’t you go a little further totell us:
why this book ,what it is andmore importantly, whom it is for .Please keep in mind LZ is looking for introduction.   Now this time, you are the FREE 人生导师
even you 不喜欢, but please 不瞎指点.


“一我不喜欢装人生导师瞎指点，二我不对自己不熟悉的东西发表意见，不像有些人还没看过张嘴就来推荐，比如JustinLondon的 C++，甚至还没看过张嘴就来不推荐，比如Lando和Schonbucher，

You know what: it is not easy to 装人生导师
to tell you something when you have anger.
Let me please copy what I said before:

Againmy dear 副教授,   “请不张嘴就来 “,
请不fighting or 少扯淡 , which does not make this page look good or knowledgeableOK. Do not feel bad, and just let it go and It is good for you. Have a goodnight   




“三即使我推荐了人家弄不到怎么办,…… 100多刀拉，你买给一楼看吗”
Again focus on the topic: books. Just to try your best to be人生导师..
People here are intelligentenough to decide what to do or find the book.

Have a peaceful night.

irvingy 发表于 2009-11-12 08:19
一我不喜欢装人生导师瞎指点，二我不对自己不熟悉的东西发表意见，不像有些人还没看过张嘴就来推荐，比如Justin London的C++，甚至还没看过张嘴就来不推荐，比如Lando和Schonbucher，三即使我推荐了人家弄不到怎么办，我推荐Credit Derivatives: The Definitive Guide edited by Jon Gregory， 100多刀拉，你买给一楼看吗

两位高人莫吵，莫吵。
本人金工的博士，统计学本科运筹学硕士，之前做real option和simulation所以数理基础数学模型应该不成太大问题。只是越做越觉得real option没实际意义，因此想转到信用衍生品。
现在的导师主要做copula而且偏技术，个人感觉还是要多了解信用衍生品的整个框架，因此有此一问。万望高人继续指点一二，感激不尽。

我提点意见，听我的老师说Modelling single-name multi-name credit derivatives这本书不错~不知道适不适用