Caouette / Altman / Narayanan Managing Credit Risk

The Great Challenge for Global Financial Markets
2. Auflage 2008
ISBN: 978-0-470-28833-7
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 656 Seiten, E-Book

Reihe: Wiley Finance Editions

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.

Autoren/Hrsg.

Caouette, John B.

Altman, Edward I.

Narayanan, Paul

Nimmo, Robert

Inhaltsverzeichnis

About the Authors.
Introduction.
Chapter 1. Credit Risk: The Great Challenge For The GlobalEconomy.
Chapter 2. Credit Culture.
Chapter 3. Classic Industry Players: Banks, SavingsInstitutions, Insurance: Companies, Finance Companies, and SpecialPurpose Entities.
Chapter 4. The Portfolio Managers: Investment Managers, MutualFunds, Pension Funds, and Hedge Funds.
Chapter 5. Structural Hubs Clearinghouses, Derivative ProductCompanies, and Exchanges.
Chapter 6. The Rating Agencies.
Chapter 7. Classic Credit Analysis.
Chapter 8. Asset-Based Lending and Lease Finance.
Chapter 9. Introduction to Credit Risk Models.
Chapter 10. Credit Risk Models Based upon Accounting Data andMarket Values.
Chapter 11. Corporate Credit Risk Models Based on StockPrice.
Chapter 12. Consumer Finance Models.
Chapter 13. Credit Models for Small Business, Real Estate, andFinancial Institutions.
Chapter 14. Testing and Implementation of Credit RiskModels.
Chapter 15. About Corporate Default Rates.
Chapter 16. Default Recovery Rates and LGD in Credit RiskModeling and Practice.
Chapter 17. Credit Risk Migration.
Chapter 18. Introduction to Portfolio Approaches.
Chapter 19. Economic Capital and Capital Allocation.
Chapter 20. Application of Portfolio Approaches.
Chapter 21. Credit Derivatives.
Chapter 22. Counterparty Risk.
Chapter 23. Country Risk Models.
Chapter 24. Structured Finance.
Chapter 25. New Markets, New Players, New Ways to Play.
Chapter 26. Market Chaos and a Reversion to the Mean: TheRediscovery of Culture as a Critical Risk Management Tool.
Notes.
Appendix.
Index.

Über Autor(innen)

John B. Caouette is the former vice chairman of MBIA InsuranceCorporation and is currently Chairman of Channel Capital Group, aEuropean-based credit derivative products company.
Edward I. Altman, PhD, MBA, is the Max L. Heine Professor ofFinance at the Stern School of Business, New York University.Previously, he chaired the Stern School's MBA Program for twelveyears. He has been acclaimed as the world's leading academic oncredit risk and distressed and high-yield debt for most of hisforty-year career.
Paul Narayanan is Director of Credit Portfolio Analytics atAmerican International Group, Inc. He has been involved with creditrisk management for more than two decades and in the developmentand deployment of analytical solutions for credit issues.
Robert W. J. Nimmo is the former group risk director of BarclaysPLC, where he was responsible for all the risk managementactivities of the group covering credit, market, operational risk,and compliance. He was also the chief risk officer for WachoviaCorporation (2000-2001) and for Westpac Banking Corporation(1993-2000).