Here’s a round-up of some “primer” posts I’ve either written or linked, for convenient reference.
Ep 2: Economic motivations and PPIP
Posts:
Delta and Mark-to-Market. This has been NoteToSelf’s most popular post, by far. It explains the basic intuition behind expected loss and delta for synthetic tranches.
Fixed Coupon is the same as CDX. The “Big Bang” made for standardization of CDS coupons. Not a big deal if you understand how the CDX index works (explained in the post).
My Liability Is Your Asset. An initial reaction to Simon Johnson’s piece in the Atlantic. A bit of a ramble.
Mark To Market vs. Mark To Model. A link to Rortybomb’s explanation of this concept.
Financial Crisis for Beginners. A link to Baseline Scenario’s mega-link page of helpful articles on the current crisis.
