Credit Risk Valuation: Methods, Models, And Applications
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| Google books | books.google.com |
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| Originally published | 2001 |
| Authors | Manuel Ammann |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2114639 |
About Credit Risk Valuation: Methods, Models, And Applications
Credit risk is an important consideration in most financial transactions. As for any other risk, the risk taker requires compensation for the undiversifiable part of the risk taken. In bond markets, for example, riskier issues have to promise a higher yield to attract investors. But how much higher a yield? . . .