John B.Caouette – Managing Credit Risk (2nd Ed.)

John B.Caouette – Managing Credit Risk (2nd Ed.)

Description

The first complete analysis of the most recent advances in managing risk credit.

“Against a backdrop of radical industry evolution, the authors of Managing Credit Risk: The Next Great Financial Challenge provide a concise and practical overview of these dramatic market and technical developments in a book which is destined to become a standard reference in the field.” -Thomas C. Wilson, Partner, McKinsey & Company, Inc.

“Managing Credit Risk is an outstanding intellectual achievement. The authors have provided investors a comprehensive view of the state of credit analysis at the end of the millennium.” Martin S. Fridson, Financial Analysts Journal.

“This book provides a comprehensive review of credit risk management that should be compulsory reading for not only those who are responsible for such risk but also for financial analysts and investors. An important addition to a significant but neglected subject.” -B.J. Ranson, Senior Vice-President, Portfolio Management Bank of Montreal

The credit market’s phenomenal growth has created a multitude of new tools for managing credit risk. However, there is no single source of information or commentary about them. In Managing Credit RiskThree highly respected professionals from the field are-For the first time-The gathered state-This is-The-Art information about the tools, techniques and vehicles that are available to manage credit risk. The book is based on the practice of managing credit risk and draws upon the knowledge of experts who have implemented credit risk solutions.

This resource provides a comprehensive analysis of recent changes in U.S. and global financial market. It also documents the credit boom and its amazing opportunities.-Its potentially deadly dangers. Analyzing the problems experienced during its growth-S&L failures, business failures, bond and loan defaults, derivatives debacles-These are the solutions that have allowed the credit market expand. Managing Credit Risk This article examines the key players and institutions that are responsible for credit risk. It includes banks, insurance companies and pension funds. This resource is a unique guide to the ever-changing marketplace for credit products. It carefully delineates the various perspectives of each group in relation to credit risk.

Get it now John B.Caouette – Managing Credit Risk (2nd Ed.)

Managing Credit Risk The following sections provide information on the most important credit risk management tools. They are compared in terms of their strengths, weaknesses, ability to adapt to specific financial circumstances, and effectiveness. These sections cover credit risk models that are based on market values and accounting data, models that use stock prices, consumer finance models, models for small businesses, models for emerging markets corporations and financial institutions, as well as country risk models. The section also includes important information about default results for corporate bonds and loans as well as credit rating migration. The authors stress that firms that use the right tools and have the right culture of risk within their companies will be successful in all cases. Strong concluding chapters integrate emerging trends in financial markets with new methods within the context of overall credit environment.

Concise, authoritative and lucidly written Managing Credit Risk This book is essential reading for regulators and bankers as well as financial market professionals facing the new challenges.-Promising rewards-Management of credit risk