Brigo, Damiano; Pallavicini, Andrea; Torresetti, Roberto - 2010
commonplace to blame the inadequacy of credit risk models, claiming that the crisis was due to sophisticated and obscure products … being traded, but practitioners have for a long time been aware of the dangers and limitations of credit models. It would … been published on the subject and, when published, it had gained very limited attention. Credit Models and the Crisis is a …
