Measuring and managing credit risk.

Abstract

Measuring and Managing Credit Risk presents modern techniques of credit risk management used within banks. Writing a comprehensive book on credit risk is becoming increasingly difficult every day given the exponential growth in knowledge and in techniques that have been developed by the industry and academia. As a result we have had to make choices. In this book we focus on issues that we consider to be crucial, while skipping other topics. In particular we are more focused on credit risk management rather than on credit pricing, which has already received considerable attention in other books.