In this article, I illustrate three approaches for calculating loss distributions and value-at-risk capital requirements in credit portfolios with obligor concentrations risk.

In this working paper, Paul Kupiec develops an algorithm to approximate the loss rate distribution for fixed income portfolios with obligor concentrations.

ALaffer curve has existed in the international corporate tax sphere since the 1980s.

The authorsanalyze the best available economic data and conclude that American consumers--particularly the less affluent--have benefited tremendously from Wal-Mart's "everyday low prices."

This book examines America's economy over the past several decades and the sources of our recent success and comes to surprising conclusions about what we can learn from it.

Key economists for the government and for the Microsoft Corporation lay out their views on the key issues and then respond to the views presented by the opposing side.