This book presents the state-of-the-art with respect to credit risk evaluation and pricing within the contemporary global banking and financial system. It focuses on credit pricing in illiquid, liquid
The recent crisis in financial markets has seen a gradual erosion of risk-free asset classes. In equity markets the credit risk has reached a critical level in valuation. A new cost of equity method f
More than ever, banking competition is based on the ability to control the cost of risk and can be only be managed with excellent internal rating models and very advanced risk management processes. Th
The Eurozone crisis has led to an increase in both sovereign and banking risk, which has in turn had a negative effect on the general economy in terms of reduced public expenditure, reduced credit to
This book explores current financing options for small and medium size enterprises (SMEs), with particular insight into the European market. The authors position SME funding within a risk-averse lendi
