Managing Credit Risk

About the Authors
Introduction

1 Credit Risk: The Great Challenge For The Global Economy
2 Credit Culture
3 Classic Industry Players: Banks, Savings Institutions, Insurance: Companies, Finance Companies, and Special Purpose Entities
4 The Portfolio Managers: Investment Managers, Mutual Funds, Pension Funds, and Hedge Funds
5 Structural Hubs Clearinghouses, Derivative Product Companies, and Exchanges
6 The Rating Agencies
7 Classic Credit Analysis
8 Asset-Based Lending and Lease Finance
9 Introduction to Credit Risk Models
10 Credit Risk Models Based upon Accounting Data and Market Values
11 Corporate Credit Risk Models Based on Stock Price
12 Consumer Finance Models
13 Credit Models for Small Business, Real Estate, and Financial Institutions
14 Testing and Implementation of Credit Risk Models
15 About Corporate Default Rates
16 Default Recovery Rates and LGD in Credit Risk Modeling and Practice
17 Credit Risk Migration
18 Introduction to Portfolio Approaches
19 Economic Capital and Capital Allocation
20 Application of Portfolio Approaches
21 Credit Derivatives
22 Counterparty Risk
23 Country Risk Models
24 Structured Finance
25 New Markets, New Players, New Ways to Play
26 Market Chaos and a Reversion to the Mean: The Rediscovery of Culture as a Critical Risk Management Tool

Notes
Appendix
Index