Credit Risk Modeling Using Excel and VBA TheGunter Löeffler, Peter N. Pos
Credit Risk Modeling Using Excel and VBA TheGunter Löeffler, Peter N. Pos It is common to blame the inadequacy of credit risk models for the fact that the financial crisis has caught many market…
Specifikacia Credit Risk Modeling Using Excel and VBA TheGunter Löeffler, Peter N. Pos
Credit Risk Modeling Using Excel and VBA TheGunter Löeffler, Peter N. Pos
It is common to blame the inadequacy of credit risk models for the fact that the financial crisis has caught many market participants by surprise. The recent events therefore do not invalidate traditional credit risk modeling as described in the first edition of the book. On closer inspection, though, it often appears that market participants failed to understand or to use the models correctly.
In addition to expanding the coverage of these instruments, the book will focus on modeling aspects which were of particular relevance in the financial crisis (e.g. A second edition is timely, however, because the first dealt relatively briefly with instruments featuring prominently in the crisis (CDSs and CDOs). estimation error) and demonstrate the usefulness of credit risk modelling through case studies.This book provides practitioners and students with an intuitive, hands-on
Introduction to Credit Risk Modeling