{"product_id":"introduction-to-credit-risk-modeling-chapman-and-hallcrc-financial-mathematics-series-9781584889922","title":"Introduction to Credit Risk Modeling (Chapman and Hall\/CRC Financial Mathematics Series)","description":"\u003cp\u003eContains Nearly 100 Pages of New Material The recent financial crisis has shown that credit risk in particular and finance in general remain important fields for the application of mathematical concepts to real-life situations. While continuing to focus on common mathematical approaches to model credit portfolios  Introduction to Credit Risk Modeling  Second Edition presents updates on model developments that have occurred since the publication of the best-selling first edition. New to the Second Edition An expanded section on techniques for the generation of loss distributions Introductory sections on new topics  such as spectral risk measures  an axiomatic approach to capital allocation  and nonhomogeneous Markov chains Updated sections on the probability of default  exposure-at-default  loss-given-default  and regulatory capital A new section on multi-period models Recent developments in structured credit The financial crisis illustrated the importance of effectively communicating model outcomes and ensuring that the variation in results is clearly understood by decision makers. The crisis also showed that more modeling and more analysis are superior to only one model. This accessible  self-contained book recommends using a variety of models to shed light on different aspects of the true nature of a credit risk problem  thereby allowing the problem to be viewed from different angles.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45652951466037,"sku":"ByrdShop_1584889926","price":162.72,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9781584889922.jpg?v=1781854516","url":"https:\/\/atxbooks.com\/products\/introduction-to-credit-risk-modeling-chapman-and-hallcrc-financial-mathematics-series-9781584889922","provider":"ATX Books","version":"1.0","type":"link"}