The practice of quantitative risk management has reached unprecedented levels of refinement. The pricing, the assessment of risk as well as the computation of the capital requirements for highly complex transactions are performed through equally complex mathematical models, running on advanced...

The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also...

Intro -- Risk Management and Financial Institutions -- Contents in Brief -- Contents -- Business Snapshots -- Preface -- New Material -- Slides -- Questions and Problems -- Instructor Material -- Acknowledgments -- 1 Introduction -- 1.1 Risk vs. Return for Investors -- 1.1.1 Quantifying Risk --...