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Managing Credit Risk: The Great Challenge for Global Financial Markets, 2nd Edition

Managing Credit Risk: The Great Challenge for Global Financial Markets, 2nd Edition

John B. Caouette , Edward I. Altman , Paul Narayanan , Robert Nimmo

ISBN: 978-1-118-16069-5

Jul 2011

528 pages



Managing Credit Risk, Second Edition opens with a detailed discussion of today’s global credit markets—touching on everything from the emergence of hedge funds as major players to the growing influence of rating agencies. After gaining a firm understanding of these issues, you’ll be introduced to some of the most effective credit risk management tools, techniques, and vehicles currently available. If you need to keep up with the constant changes in the world of credit risk management, this book will show you how.
About the Authors.


Chapter 1. Credit Risk: The Great Challenge For The Global Economy.

Chapter 2. Credit Culture.

Chapter 3. Classic Industry Players: Banks, Savings Institutions, Insurance: Companies, Finance Companies, and Special Purpose Entities.

Chapter 4. The Portfolio Managers: Investment Managers, Mutual Funds, Pension Funds, and Hedge Funds.

Chapter 5. Structural Hubs Clearinghouses, Derivative Product Companies, and Exchanges.

Chapter 6. The Rating Agencies.

Chapter 7. Classic Credit Analysis.

Chapter 8. Asset-Based Lending and Lease Finance.

Chapter 9. Introduction to Credit Risk Models.

Chapter 10. Credit Risk Models Based upon Accounting Data and Market Values.

Chapter 11. Corporate Credit Risk Models Based on Stock Price.

Chapter 12. Consumer Finance Models.

Chapter 13. Credit Models for Small Business, Real Estate, and Financial Institutions.

Chapter 14. Testing and Implementation of Credit Risk Models.

Chapter 15. About Corporate Default Rates.

Chapter 16. Default Recovery Rates and LGD in Credit Risk Modeling and Practice.

Chapter 17. Credit Risk Migration.

Chapter 18. Introduction to Portfolio Approaches.

Chapter 19. Economic Capital and Capital Allocation.

Chapter 20. Application of Portfolio Approaches.

Chapter 21. Credit Derivatives.

Chapter 22. Counterparty Risk.

Chapter 23. Country Risk Models.

Chapter 24. Structured Finance.

Chapter 25. New Markets, New Players, New Ways to Play.

Chapter 26. Market Chaos and a Reversion to the Mean: The Rediscovery of Culture as a Critical Risk Management Tool.