Each new crisis comes with financial innovations being pointed as scapegoats. But innovations are in general new tools materialising around existing strategies to make them more available and measurable. Their pace of evolution paired with that of the complexity of the interconnectedness between...

Advanced Credit Analysis presents the latest and most advanced modelling techniques in the theory and practice of credit risk pricing and management.The book stresses the logic of theoretical models from the structural and the reduced-form kind, their applications and extensions. It shows the...