Comparative Credit Loss Rates -- Chapter 6 How Liquid Are Direct Loans? -- Chapter 7 Credit as a Separate Asset Class -- What is … an Asset Class? -- Credit and Asset Allocation -- Private Credit Opportunities -- Chapter 8 Loans and the Theory of … Credit -- The Merton Model -- Volatility -- Risk-Free Rate -- Time to Maturity -- Estimating Loan Risk -- Estimating Loan …

Before the credit crisis, credit was primarily considered only when dealing with counterparty credit risk, high …-yield debt, or credit-linked derivatives. Credit and credit risk now permeate every corner of the financial world. This book … analyzes credit from the beginning--the point at which a borrowing entity decides to raise capital through its treasury …