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Within the last decade, credit risk management of financial institutions has been subject to major changes due to the development of the credit derivatives market. In the past, financial institutions merely had the possibility to manage their credit portfolio by either approving or refusing a...
Persistent link: https://www.econbiz.de/10010298923
valid valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a … for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is …
Persistent link: https://www.econbiz.de/10010299007
valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a development. These … for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still …
Persistent link: https://www.econbiz.de/10010299008
valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a development. These … for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still …
Persistent link: https://www.econbiz.de/10005049671
valid valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a … for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is …
Persistent link: https://www.econbiz.de/10005049673
derivatives ; credit derivatives market ; credit default swap ; credit risk transfer ; pricing ; valuation ; default spread …
Persistent link: https://www.econbiz.de/10003750300
The exposure of the argentine banking system to real interest rate changes is material and discourages long term credit. Quantification of this risk would help to manage it and may promote new credit, although it is not an easy job, especially in emerging markets. This paper proposes a Value at...
Persistent link: https://www.econbiz.de/10010849647
The exposure of the Argentine banking system to real interest rate changes is material and discourages long term credit. Quantification of this risk would help to manage it and may promote new credit, although it is not an easy job, especially in emerging markets. This paper proposes a Value at...
Persistent link: https://www.econbiz.de/10010552021
During the past two years, private equity funds have acquired substantial portfolios of nonperforming loans from banks in Germany. Typically a private equity investor does not commit funds unless exit strategies are clearly defined. The usual exit strategies for distressed debt investors are fix...
Persistent link: https://www.econbiz.de/10010298917
During the past two years, private equity funds have acquired substantial portfolios of nonperforming loans from banks in Germany. Typically a private equity investor does not commit funds unless exit strategies are clearly defined. The usual exit strategies for distressed debt investors are fix...
Persistent link: https://www.econbiz.de/10005027041