The paper presents the basic Credit Risk+ model, and proposes some modifications. This model could be useful in the … stress-testing financial sector assessments process as a benchmark for credit risk evaluations. First, we present the setting … based on Bernoulli-distributed default events and known default probabilities to the fully-fledged Credit Risk …

Measurement of productivity in the service sector has always represented a challenge for economists. "Productivity in … Institution is reviewed. The authors have produced a textbook on the different types of measurement error that will force …

environmentalists since 1990 on a range of issues in the EU, compared to the USA. Beck's 'Risk Society' theory has general resonance … USA on environmental issues. These differences have been parallel to the apparently stronger influence of … with contemporary western attitudes to risk. However, it may be that the US regulatory framework may now be more …

alternative always has the possibility to be inferior to other competing alternatives. To facilitate risk-based decision making …, the minimax expected opportunity loss (EOL) rule is applied for alternative selection. Two existing risk measures as well … as EOL are compared and their implications in risk-based decision making are examined. It is shown that EOL can reflect …

Risk, in a financial sense, is defined as variance about some forecasted value. Any time a business appraiser forecasts … developing an actual risk measure (standard deviation) that may be used with discounted cash flow valuation models. …