Managing Credit Risk: The Great Challenge for Global Financial Markets, 2nd Edition

by John B. Caouette; Edward I. Altman (New York Univ.); Paul Narayanan; Robert Nimmo

• ISBN13: 9780470288337
• ISBN10: 0470288337
• Format: eBook
• Copyright: 2008-07-01
• Publisher: Wiley

Summary

Managing Credit Risk, Second Edition opens with a detailed discussion of today's global credit markets-touching on everything from the emergence of hedge funds as major players to the growing influence of rating agencies. After gaining a firm understanding of these issues, you'll be introduced to some of the most effective credit risk management tools, techniques, and vehicles currently available. If you need to keep up with the constant changes in the world of credit risk management, this book will show you how.

Table of Contents

About the Authors

Introduction

Credit Risk: The Great Challenge For The Global Economy

Credit Culture

Classic Industry Players: Banks, Savings Institutions, Insurance: Companies, Finance Companies, and Special Purpose Entities

The Portfolio Managers: Investment Managers, Mutual Funds, Pension Funds, and Hedge Funds

Structural Hubs Clearinghouses, Derivative Product Companies, and Exchanges

The Rating Agencies

Classic Credit Analysis

Asset-Based Lending and Lease Finance

Introduction to Credit Risk Models

Credit Risk Models Based upon 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

Testing and Implementation of Credit Risk Models

About Corporate Default Rates

Default Recovery Rates and LGD in Credit Risk Modeling and Practice

Credit Risk Migration

Introduction to Portfolio Approaches

Economic Capital and Capital Allocation

Application of Portfolio Approaches

Credit Derivatives

Counterparty Risk

Country Risk Models

Structured Finance

New Markets, New Players, New Ways to Play

Market Chaos and a Reversion to the Mean: The Rediscovery of Culture as a Critical Risk Management Tool

Notes

Appendix

Index

Table of Contents provided by Publisher. All Rights Reserved.