minimizing the bank's nonperforming loans to SMEs, and at the same time fulfill the government policies for supporting SMEs. Our …

increase in nonperforming loans (NPLs) in the short to medium term …

of credit derivatives is an estimation of the probability that reference entities will default. The chapter discusses … both the risk-neutral probabilities of default implied from credit spreads and the real-world (physical) default … explain the difference between these two probability estimates is summarized. The characteristics of credit default swaps …