The last decade stands as a witness to a large number digital currencies coming into existence, such as - LiteCoin, BitCoin, Ripple, AuroraCoin, DogeCoin, etc. BitCoin being the most prominent among them, both in terms of its impressive price development and the price volatility it has. In this...

Models for assessing the probability of default play an important role in the risk management systems of commercial banks, as they allow assessing the creditworthiness of various counterparties and transactions. Many Russian banks are trying to switch to an advanced approach based on internal...