Description |
x, 452 pages : illustrations ; 25 cm |
Series |
Wiley frontiers in finance |
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Wiley frontiers in finance.
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Contents |
Machine derived contents note: Credit Risk: The Next Great Challenge of the Financial Markets. -- Credit Culture. -- Classic Industry Players--Banks, Finance Companies, Insurance Companies, Industrial Companies. -- Portfolio Managers--Investment Managers Unit Trusts, Mutual Funds, Pension Funds. -- Structural Hubs--Derivative Dealers, Clearinghouses, and Exchanges. -- Rating Agencies. -- Classic Credit Analysis. -- Asset-Based Lending. -- Introduction to Credit Risk Models. -- Credit Risk Models Based on Accounting Data and Market Values. -- Corporate Credit Risk Models Based on Stock Price. -- Consumer Finance Models. -- Credit Models for Small Business, Real Estate, and Financial Institutions. -- Model Testing and Implementation of Credit Risk Models. -- Default Rates, Losses, and Recoveries. -- Credit Risk Migration. -- Introduction to Portfolio Approaches. -- Credit Pricing, Risk-Adjusted Return, and Allocation of Capital. -- Applications of Portfolio Approaches. -- Credit Derivatives. -- Credit Risk of Derivatives. -- Country Risk Models. -- Structured Finance. -- A New World Driven by Analytics and Diversifying Agents. -- The Rediscovery of Culture as a Primary Management Tool. -- Appendix. -- Index |
Summary |
"Managing Credit Risk describes all the major credit risk management tools with regard to their strengths and weaknesses, their fitness to specific financial situations, and their effectiveness. The instruments covered in each of these detailed sections include: credit risk models based on accounting data and market values; models based on stock price; consumer finance model; models for small business; models for real estate, emerging market corporations, and financial institutions; country risk models; and more. There is an important analysis of default results on corporate bonds and loans, and credit rating migration. In all cases, the authors emphasize that success will go to those firms that employ the right tools and create the right kind of risk culture within their organizations. A strong concluding chapter integrates emerging trends in the financial markets with the new methods in the context of the overall credit environment." "Managing Credit Risk is for bankers, regulators, and financial market professionals."--BOOK JACKET |
Notes |
Includes index |
Bibliography |
Includes bibliographical references and index |
SUBJECT |
Financial management. http://id.loc.gov/authorities/names/n84740226
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Subject |
Credit -- Management.
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Derivative securities.
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Financial management
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Risk management.
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Author |
Altman, Edward I., 1941-
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Narayanan, Paul.
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LC no. |
19980176 |
ISBN |
0471111899 |
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