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The recent financial crisis has highlighted the need for better valuation models and risk management procedures, better understanding of structured products, an

Contains Nearly 100 Pages of New MaterialThe recent financial crisis has shown that credit risk in particular and finance in general remain important fields for

A classic book on credit risk management is updated to reflect the current economic crisis Credit Risk Management In and Out of the Financial Crisis dissects th

Credit risk remains one of the major risks faced by most financial and credit institutions. It is deeply connected to the real economy due to the systemic natur

The motivation for the mathematical modeling studied in this text on developments in credit risk research is the bridging of the gap between mathematical theory