Credit Risk

<body topmargin="0" leftmargin="0" stylesrc="../_private/template_title.htm" bgcolor="#FFFFFF" link="#333366" vlink="#000000" alink="#000000"> <table border="0" cellspacing="0" width="100%" cellpadding="10" style="border-collapse: collapse" bordercolor="#111111" id="table8"> <tr> <td width="100%" bgcolor="#FFFFCC"> <p class="header_black">Risk Management: <span class="header_gold">Credit Risk</span></td> </tr> </table> <div align="left"> <table border="0" cellspacing="4" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="0" id="table9"> <tr> <td width="740" bgcolor="#FFFFFF"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table10"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table11"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap307"> <area href="../titles/caouette_altman_narayanan_(1998).htm" shape="rect" coords="0, 0, 139, 199"> </map> <img src="../images/book_caouette.gif" alt="book_caouette.gif (13446 bytes)" border="0" usemap="#FPMap307" width="140" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table12"> <tr> <td width="100%"> <p class="book_title"> Managing Credit Risk<br> <span class="book_title_sub">The Next Great Financial Challenge</span></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table13"> <tr> <td width="100%" colspan="3"> <p class="book_details">John Caouette, E. Altman, P. Narayanan</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap235"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap235" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap332"> <area href="../main/ratings.htm" shape="rect" coords="3, 0, 89, 15"> </map><img border="0" src="../images/tech_1.gif" usemap="#FPMap332" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap333"> <area target="_self" href="../titles/caouette_altman_narayanan_(1998).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap333" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"> <strong style="font-weight: 400">This is an ambitious and surprisingly good book on credit risk. Rather than specialize in certain aspects of this diverse topic, the authors provide an overview. They take us from the statistics of consumer credit to the intricacies of credit derivatives. We learn about </strong>... <a href="../titles/caouette_altman_narayanan_(1998).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table14"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap5"> <area href="../titles/ganguin_and_bilardello_(2005).htm" shape="rect" coords="0, 0, 135, 199"> </map> <img border="0" src="../images/book_ganguin_and_bilardello_(2005).gif" usemap="#FPMap5" width="136" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table15"> <tr> <td width="100%"> <p class="book_title">Fundamentals of Corporate Credit Analysis</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table16"> <tr> <td width="100%" colspan="4"> <p class="book_details">Blaise Ganguin and John Bilardello</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap415"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap415" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap416"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_1.gif" usemap="#FPMap416" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap417"> <area target="_self" href="../titles/ganguin_and_bilardello_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap417" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Authors Ganguin and Bilardello are both managing directors with Standard & Poors. With this book, they give a detailed introduction to credit analysis for corporate bonds. There are chapters on country risk, industry risk, business risk, financial risk and cash flow forecasting. There is information of documentation, insolvency and recovery estimation. They explain how to tie everything together to arrive at an overall credit rating</strong> ... <a href="../titles/ganguin_and_bilardello_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table17"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap244"> <area href="../titles/coyle_b_(2000)_measuring.htm" shape="rect" coords="0, 0, 135, 199"> </map> <img border="0" src="../images/book_coyl_b_(2000)_measuring.gif" usemap="#FPMap244" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table18"> <tr> <td width="100%"> <p class="book_title">Measuring Credit Risk</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table19"> <tr> <td width="100%" colspan="3"> <p class="book_details">Bryan Coyle</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap239"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap239" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap335"> <area href="../main/ratings.htm" shape="rect" coords="3, 0, 89, 15"> </map><img border="0" src="../images/tech_1.gif" usemap="#FPMap335" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap336"> <area target="_self" href="../titles/coyle_b_(2000)_measuring.htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap336" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"> <i>Measuring Credit Risk</i> describes how to assess the credit quality of firms in a lending or trade credit environment. There is also an excellent chapter on risks inherent in banking relationships—this includes a few "horror stories." The book covers: internal and external credit ratings; credit bureaus; other sources of credit information ... <a href="../titles/coyle_b_(2000)_measuring.htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table20"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap421"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/1904339433/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_bhatia_mohan_(2006).gif" width="133" height="200" usemap="#FPMap421"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table21"> <tr> <td width="100%"> <p class="book_title">Credit Risk Management & Basel II</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table22"> <tr> <td width="100%" colspan="4"> <p class="book_details">Mohan Bhatia</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap423"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_3.gif" width="90" height="16" usemap="#FPMap423"></td> <td width="25" class="book_details_tags"> <map name="FPMap424"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_1.gif" width="90" height="16" usemap="#FPMap424"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap422"> <area target="_top" coords="0, 5, 145, 26" shape="rect" href="http://www.amazon.com/exec/obidos/ASIN/1904339433/ref=nosim/contingencyanaly"> </map> <img border="0" src="../images/pointer_amazon.gif" width="146" height="30" usemap="#FPMap422"></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">This book looks at bank credit risk management in a Basel II framework. Topics include credit ratings, credit scoring, structural and reduced form models, portfolio credit risk models, validation, data and software. The writing is poor, and  the technical level not nearly high enough for the subject matter ... <a target="_top" href="http://www.amazon.com/exec/obidos/ASIN/1904339433/ref=nosim/contingencyanaly"> Buy now</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table23"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap32"> <area href="../titles/glantz_m_(2003).htm" shape="rect" coords="0, 0, 134, 199"> </map> <img border="0" src="../images/book_glantz_m_(2003).jpg" usemap="#FPMap32" width="135" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table24"> <tr> <td width="100%"> <p class="book_title">Managing Bank Risk</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table25"> <tr> <td width="100%" colspan="3"> <p class="book_details">Morton Glantz</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap30"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap30" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap31"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" usemap="#FPMap31" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap341"> <area target="_self" href="../titles/glantz_m_(2003).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap341" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Morton Glantz has written a "soup-to-nuts" text on the commercial lending process within banks. The book is exceptional, offering both breadth and depth of coverage</strong> ... <a href="../titles/glantz_m_(2003).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table26"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap329"> <area href="../titles/saunders_and_allen_(2002).htm" shape="rect" coords="0, 0, 130, 199"> </map> <img border="0" src="../images/book_saunders_and_allen_(2002).jpg" usemap="#FPMap329" width="131" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table27"> <tr> <td width="100%"> <p class="book_title">Credit Risk Measurement</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table28"> <tr> <td width="100%" colspan="3"> <p class="book_details">Anthony Saunders and Linda Allen</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap83"> <area href="../main/ratings.htm" shape="rect" coords="1, 2, 89, 15"></map> <img border="0" src="../images/star_4.gif" usemap="#FPMap83" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap337"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_2.gif" usemap="#FPMap337" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap338"> <area target="_self" href="../titles/saunders_and_allen_(2002).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap338" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"> <strong style="font-weight: 400">Saunders and Allen provide a top-down introduction to many of the standard models for measuring credit risk in bond or debt portfolios. Models include the KMV, CreditMetrics, McKinsey, KPMG, Loan Analysis System (LAS) and CSFP models. Each model is explained  and comparisons are made</strong> ... <a href="../titles/saunders_and_allen_(2002).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table29"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap3"> <area coords="0, 0, 139, 199" shape="rect" href="../titles/ong_m_(2002).htm"> </map> <img border="0" src="../images/book_ong_(2002).jpg" usemap="#FPMap3" width="140" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table30"> <tr> <td width="100%"> <p class="book_title">Credit Ratings<br> <font size="3">Methodologies, Rationale and Default Risk</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table31"> <tr> <td width="100%" colspan="3"> <p class="book_details">Michael Ong</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap429"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap429" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap2"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_2.gif" usemap="#FPMap2" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap396"> <area target="_self" href="../titles/ong_m_(2002).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap396" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">The once staid field of credit ratings is suddenly the focus of attention—and even controversy. This is due to a confluence of events, including</strong> ... <a href="../titles/ong_m_(2002).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table32"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap411"> <area coords="0, 0, 133, 199" shape="rect" href="../titles/altman_resti_sironi_(2005).htm"> </map> <img border="0" src="../images/book_altman_edward_(2005).gif" usemap="#FPMap411" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table33"> <tr> <td width="100%"> <p class="book_title">Recovery Risk</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table34"> <tr> <td width="100%" colspan="4"> <p class="book_details">E. Altman, A. Resti, A. Sironi</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap412"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap412" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap413"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" usemap="#FPMap413" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap414"> <area target="_self" href="../titles/altman_resti_sironi_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap414" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Readers will recognize Edward Altman as the inventor of the famous Altman's Z Score for assessing a corporation's credit quality. Here he has teamed up with Andrea Resti and Andrea Sironi to prepare an edited collection of articles on recovery risk</strong> ... <a href="../titles/altman_resti_sironi_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table35"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap53"> <area href="../titles/servigny_and_renault_2004.htm" shape="rect" coords="0, 0, 134, 199"> </map> <img border="0" src="../images/book_servigny_and_renault_2004.gif" usemap="#FPMap53" width="135" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table36"> <tr> <td width="100%"> <p class="book_title">Measuring and Managing Credit Risk</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table37"> <tr> <td width="100%" colspan="3"> <p class="book_details">A. de Servigny and O. Renault</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap406"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/star_4.gif" usemap="#FPMap406" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap52"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap52" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap401"> <area target="_self" href="../titles/servigny_and_renault_2004.htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap401" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">The field of credit risk measurement is experiencing sweeping changes and not a little controversy. Into the storm wade authors de Servigny and Renault with their own perspective. Focusing on risk management (as opposed to financial engineering) applications, they provide a roadmap for banks to manage credit risk under the new Basle II regime</strong> ... <a href="../titles/servigny_and_renault_2004.htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> </div> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table38"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap402"> <area href="../titles/van_deventer_and_imai_(2004).htm" shape="rect" coords="0, 0, 128, 199"> </map> <img border="0" src="../images/book_van_deventer_and_imai_(2004).gif" usemap="#FPMap402" width="129" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table39"> <tr> <td width="100%"> <p class="book_title">Credit Risk Models<br> <font size="3">and the Basel Accords</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table40"> <tr> <td width="100%" colspan="3"> <p class="book_details">D. van Deventer and K. Imai</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap403"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap403" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap404"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap404" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap405"> <area target="_self" href="../titles/van_deventer_and_imai_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap405" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Credit risk modeling is a hot topic these days, with changes taking place in the Basel Accord and innovative reduced form and Merton-style models challenging traditional credit analysis</strong> ... <a href="../titles/van_deventer_and_imai_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table41"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap4"> <area href="../titles/bluhm_overbeck_wagner_(2003).htm" shape="rect" coords="0, 0, 130, 199"> </map> <img border="0" src="../images/book_bluhm_et_al_(2002).gif" usemap="#FPMap4" width="131" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table42"> <tr> <td width="100%"> <p class="book_title"><font size="3">An Introduction to</font><br> Credit Risk Modeling</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table43"> <tr> <td width="100%" colspan="3"> <p class="book_details">C. Bluhm, L. Overbeck and C. Wagner</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap343"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/star_5.gif" usemap="#FPMap343" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap344"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_4.gif" usemap="#FPMap344" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap345"> <area target="_self" href="../titles/bluhm_overbeck_wagner_(2003).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap345" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">This is an outstanding book on the default models that are used internally by financial institutions for tasks such as ... </strong><a href="../titles/bluhm_overbeck_wagner_(2003).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table44"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap425"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/190433976X/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_pykhtin_michael_(2006).gif" width="134" height="200" usemap="#FPMap425"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table45"> <tr> <td width="100%"> <p class="book_title">Counterparty Credit Risk Modelling<br> <font size="3">Risk Management, Pricing and Regulation</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table46"> <tr> <td width="100%" colspan="4"> <p class="book_details">Michael Pykhtin (ed.)</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap426"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" width="90" height="16" usemap="#FPMap426"></td> <td width="25" class="book_details_tags"> <map name="FPMap427"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" width="90" height="16" usemap="#FPMap427"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap428"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/190433976X/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_amazon.gif" width="90" height="25" usemap="#FPMap428"></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">This is an edited collection on OTC derivatives credit risk or "presettlement" risk. Very little has been published on this topic, so this book is worth a look. It is far from comprehensive. Some fundamental issues are danced around, but there is plenty of information for proefssionals ... <a target="_top" href="http://www.amazon.com/exec/obidos/ASIN/190433976X/ref=nosim/contingencyanaly">Buy now</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table47"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap418"> <area href="../titles/fong_gifford_(2006).htm" shape="rect" coords="0, 0, 130, 199"> </map> <img border="0" src="../images/book_fong_gifford_(2006).gif" usemap="#FPMap418" width="131" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table48"> <tr> <td width="100%"> <p class="book_title">The Credit Market Handbook</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table49"> <tr> <td width="100%" colspan="4"> <p class="book_details">Gifford Fong</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap51"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap51" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap419"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_4.gif" usemap="#FPMap419" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap420"> <area target="_self" href="../titles/fong_gifford_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap420" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Don't pay too much attention to the title of this book. I hardly consider it a handbook. But if you are studying credit risk modeling, you may be very interested in what it has to offer. It is the sort of book you would graduate to after reading elementary books on structural and reduced form models—books like Bluhm et al (<a href="../titles/bluhm_overbeck_wagner_(2003).htm">2002</a>) or Duffie and Singleton (<a href="../titles/duffie_and_singleton_(2003).htm">2003</a>). Assuming theoretical knowledge of those models, it offers hands-on experience with how those models might be applied to solve problems</strong> ... <a href="../titles/fong_gifford_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table50"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap184"> <area href="../titles/arvanitis_and_gregory_(2001).htm" shape="rect" coords="0, 0, 137, 199"> </map> <img border="0" src="../images/book_arvanitis_and_gregory_(2001).jpg" usemap="#FPMap184" width="138" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table51"> <tr> <td width="100%"> <p class="book_title">Credit<br> <font size="3">The Complete Guide to Pricing, Hedging and Risk Management</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table52"> <tr> <td width="100%" colspan="3"> <p class="book_details">Angelo Arvanitis and Jon Gregory</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap182"> <area target="_self" coords="2, 1, 89, 15" shape="rect" href="http://www.riskbook.com/main/ratings.htm"> </map><img border="0" src="../images/star_6.gif" usemap="#FPMap182" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap183"> <area target="_self" href="http://www.riskbook.com/main/ratings.htm" shape="rect" coords="0, 1, 89, 15"> </map><img border="0" src="../images/tech_4.gif" usemap="#FPMap183" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap346"> <area target="_self" href="../titles/arvanitis_and_gregory_(2001).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap346" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">Hold onto your seats! Arvanitis and Gregory have written a tour de force of credit risk modeling. They delve deeply into both the modeling of portfolio credit risk and the pricing of credit sensitive instruments ... <a href="../titles/arvanitis_and_gregory_(2001).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table53"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap397"> <area href="../titles/gordy_michael_(2003).htm" shape="rect" coords="0, 0, 140, 199"> </map> <img border="0" src="../images/book_gordy_michael_(2003).jpg" usemap="#FPMap397" width="141" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table54"> <tr> <td width="100%"> <p class="book_title">Credit Risk Modeling</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table55"> <tr> <td width="100%" colspan="3"> <p class="book_details">Michael B. Gordy</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap398"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap398" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap399"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_4.gif" usemap="#FPMap399" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap400"> <area target="_self" href="../titles/gordy_michael_(2003).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap400" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">This is an edited collection of papers on credit risk published in <i>Risk Magazine</i> between 1999 and 2003. If you are new to credit risk modeling, the papers are likely to be too advanced for you. If you are a financial engineer or risk manager with expertise in credit risk modeling, you will find the articles a goldmine</strong> ... <a href="../titles/gordy_michael_(2003).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table56"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap407"> <area href="../titles/gundlach_and_lehrbass_(2004).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_gundlach_and_lehrbass_(2004).gif" usemap="#FPMap407" width="133" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table57"> <tr> <td width="100%"> <p class="book_title">CreditRisk+ in the Banking Industry</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table58"> <tr> <td width="100%" colspan="3"> <p class="book_details">M. Gundlach and F. Lehrbass (eds.)</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap408"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/star_5.gif" usemap="#FPMap408" width="90" height="16"></td> <td width="50" class="book_details_tags"> <map name="FPMap409"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_5.gif" usemap="#FPMap409" width="90" height="16"></td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap410"> <area target="_self" href="../titles/gundlach_and_lehrbass_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap410" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">CreditRisk+ is a portfolio credit risk model developed by Tom Wilde at Credit Suisse Financial Products (CSFP) during the 1990s. Unlike CreditMetrics, which focuses on credit migration, CreditRisk+ is a default model. Based largely on actuarial mortality models, it provides a closed form solution for a portfolio's credit risk. CSFP published a description of the model but otherwise didn't support it. Much like today's open source software movement, CreditRisk+ came to be implemented by a community of users</strong> ... <a href="../titles/gundlach_and_lehrbass_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table59"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> </div> </td> <td bgcolor="#FFFFFF">  </td> </tr> </table> </div> <div align="center"> <center> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table60"> <tr> <td width="50%" bgcolor="#FFFFCC" align="left" valign="top"> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td><td width="50%" bgcolor="#CCCCFF" align="left" valign="top"> <p class="body" style="margin:5 7; 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