{"product_id":"credit-risk-9783540675938","title":"Credit Risk","description":"\u003cp\u003eMathematical finance and financial engineering have been rapidly expanding fields of science over the past three decades. The main reason behind this phenomenon has been the success of sophisticated quantitative methodolo gies in helping professionals manage financial risks. It is expected that the newly developed credit derivatives industry will also benefit from the use of advanced mathematics. This industry has grown around the need to handle credit risk  which is one of the fundamental factors of financial risk. In recent years  we have witnessed a tremendous acceleration in research efforts aimed at better comprehending  modeling and hedging this kind of risk. Although in the first chapter we provide a brief overview of issues related to credit risk  our goal was to introduce the basic concepts and related no tation  rather than to describe the financial and economical aspects of this important sector of financial market. The interested reader may consult  for instance  Francis et al. (1999) or Nelken (1999) for a much more exhaustive description of the credit derivatives industry.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45651930808373,"sku":"ByrdShop_3540675930","price":111.61,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9783540675938.jpg?v=1781845796","url":"https:\/\/atxbooks.com\/products\/credit-risk-9783540675938","provider":"ATX Books","version":"1.0","type":"link"}