Managing credit risk
Subtitle: the next great financial challenge
By: John B. Caouette, Edward I. Altman, Paul Narayanan.
Contributors: Altman, Edward I, 1941-; Narayanan, Paul.
Series: Wiley frontiers in finance
Publisher: Wiley
Published: 1998
Place of publication: New York
Language: eng
Number of pages: 452
Subjects: Credit -- Management; Risk management; Derivative securities
Description: "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 bibliographical references and index.