Credit Risk: Modeling, Valuation and Hedging (Springer Finance) by Tomasz R. Bielecki, Marek Rutkowski
Credit Risk: Modeling, Valuation and Hedging (Springer Finance) by Tomasz R. Bielecki, Marek Rutkowski PDF, ePub eBook D0wnl0ad
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 of credit risk and the financial practice. Mathematical developments are covered thoroughly and give the structural and reduced-form approaches to credit risk modeling. Included is a detailed study of various arbitrage-free models of default term structures with several rating grades.
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