Managing Credit Risk: The Next Great Financial Challenge
John B. Caouette, Edward I. Altman, Paul NarayananISBN: 0-47111-189-9;
The phenomenal growth of the credit markets has spawned a powerful array of new instruments for managing credit risk, but until now there has been no single source of information and commentary on them. In Managing Credit Risk , three highly regarded professionals in the field have - for the first time - gathered state-of-the-art information on the tools, techniques, and vehicles available today for managing credit risk. Throughout the book they emphasize the actual practice of managing credit risk, and draw on the experience of leading experts who have successfully implemented credit risk solutions. Starting with a lucid analysis of recent sweeping changes in the U.S. and global financial markets, this comprehensive resource documents the credit explosion and its remarkable opportunities - as well as its potentially devastating dangers. Analyzing the problems that have occurred during its growth period - S&L failures, business failures, bond and loan defaults,...
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