{"product_id":"9781032920795-introduction-to-credit-risk-modeling","title":"Introduction to Credit Risk Modeling","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eWhile continuing to focus on common mathematical approaches to model credit portfolios, this second edition presents updates on model developments that have occurred since the publication of the best-selling first edition. It contains a new section on multi-period models and discusses recent developments in structured credit. Along with many wor\u003cbr\u003e\u003cp\u003e\u003cem\u003eContains Nearly 100 Pages of New Material\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003eThe recent financial crisis has shown that credit risk in particular and finance in general remain important fields for the application of mathematical concepts to real-life situations. While continuing to focus on common mathematical approaches to model credit portfolios,\u003cstrong\u003e Introduction to Credit Risk Modeling, Second Edition\u003c\/strong\u003e presents updates on model developments that have occurred since the publication of the best-selling first edition.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eNew to the Second Edition\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eAn expanded section on techniques for the generation of loss distributions\u003c\/li\u003e\n\u003cli\u003eIntroductory sections on new topics, such as spectral risk measures, an axiomatic approach to capital allocation, and nonhomogeneous Markov chains\u003c\/li\u003e\n\u003cli\u003eUpdated sections on the probability of default, exposure-at-default, loss-given-default, and regulatory capital \u003c\/li\u003e\n\u003cli\u003eA new section on multi-period models\u003c\/li\u003e\n\u003cli\u003eRecent developments in structured credit\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe financial crisis illustrated the importance of effectively communicating model outcomes and ensuring that the variation in results is clearly understood by decision makers. The crisis also showed that more modeling and more analysis are superior to only one model. This accessible, self-contained book recommends using a variety of models to shed light on different aspects of the true nature of a credit risk problem, thereby allowing the problem to be viewed from different angles. \u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":55447225631094,"sku":"9781032920795","price":59.75,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_36741119_c8bb08d5-f5c5-4cc9-a5bd-8ca53e11a7ab.jpg?v=1761208552","url":"https:\/\/www.rarewaves.com\/products\/9781032920795-introduction-to-credit-risk-modeling","provider":"Rarewaves.com","version":"1.0","type":"link"}