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Credit Risk Valuation
Manuel Ammann
€ 199.22
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Description for Credit Risk Valuation
Hardback. This text offers an advanced introduction to the models of credit risk valuation. It concentrates on firm-value and reduced-form approaches and their applications in practice. Numerical examples illustrate the effects of credit risk on the prices of financial derivatives. Series: Springer Finance. Num Pages: 265 pages, 23 black & white tables, biography. BIC Classification: KFFK; KFFL; KJMD. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 15. Weight in Grams: 553.
Credit risk is an important consideration in most financial transactions. As for any other risk, the risk taker requires compensation for the undiversifiable part of the risk taken. In bond markets, for example, riskier issues have to promise a higher yield to attract investors. But how much higher a yield? Using methods from contingent claims analysis, credit risk valuation models attempt to put a price on credit risk. This monograph gives an overview of the current methods for the valu ation of credit risk and considers several applications of credit risk models in the context of derivative pricing. In particular, ... Read more
Credit risk is an important consideration in most financial transactions. As for any other risk, the risk taker requires compensation for the undiversifiable part of the risk taken. In bond markets, for example, riskier issues have to promise a higher yield to attract investors. But how much higher a yield? Using methods from contingent claims analysis, credit risk valuation models attempt to put a price on credit risk. This monograph gives an overview of the current methods for the valu ation of credit risk and considers several applications of credit risk models in the context of derivative pricing. In particular, ... Read more
Product Details
Format
Hardback
Publication date
2001
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
265
Condition
New
Series
Springer Finance
Number of Pages
255
Place of Publication
Berlin, Germany
ISBN
9783540678052
SKU
V9783540678052
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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