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Frontiers In Credit Risk
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Book Synopsis Frontiers in Credit Risk by : Gordian Gaeta
Download or read book Frontiers in Credit Risk written by Gordian Gaeta and published by Wiley. This book was released on 2003-03-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit risk evaluation is as old as commerce itself. Processes have been refined over centuries based on cumulative experience, judgment and learning. The rapid development of financial markets however has tested the limits of the traditional approach as highly publicized credit losses and huge non-performing loans across the globe well document. Distress among many credit professionals and regulators prevails. This book describes a different and unemotional approach to credit risk evaluation. Based on abstract and objective credit models, the concept of credit risk measurement is introduced through a range of theoretical and practical perspectives. From making a case for credit risk measurement as a complement to the more traditional approaches to credit risk management, the book covers validation, applications and new areas of credit risk management. Contributions by leading academics, practitioners and consultants provide for scholars and credit risk professionals but also less mathematically inclined readers or interested parties, a wide spectrum of ideas and concepts for developing and improving their own viewpoint, processes and approaches. A demo-CD of one particular model is included for practical testing and playing with applied credit risk measurement concepts.
Book Synopsis Frontiers in Quantitative Finance by : Rama Cont
Download or read book Frontiers in Quantitative Finance written by Rama Cont and published by John Wiley & Sons. This book was released on 2009-03-09 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Petit D'euner de la Finance–which author Rama Cont has been co-organizing in Paris since 1998–is a well-known quantitative finance seminar that has progressively become a platform for the exchange of ideas between the academic and practitioner communities in quantitative finance. Frontiers in Quantitative Finance is a selection of recent presentations in the Petit D'euner de la Finance. In this book, leading quants and academic researchers cover the most important emerging issues in quantitative finance and focus on portfolio credit risk and volatility modeling.
Book Synopsis Frontiers in Credit-risk Analysis by :
Download or read book Frontiers in Credit-risk Analysis written by and published by . This book was released on 1999 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Credit Risk Measurement by : Anthony Saunders
Download or read book Credit Risk Measurement written by Anthony Saunders and published by John Wiley & Sons. This book was released on 2002-10-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most cutting-edge read on the pricing, modeling, and management of credit risk available The rise of credit risk measurement and the credit derivatives market started in the early 1990s and has grown ever since. For many professionals, understanding credit risk measurement as a discipline is now more important than ever. Credit Risk Measurement, Second Edition has been fully revised to reflect the latest thinking on credit risk measurement and to provide credit risk professionals with a solid understanding of the alternative approaches to credit risk measurement. This readable guide discusses the latest pricing, modeling, and management techniques available for dealing with credit risk. New chapters highlight the latest generation of credit risk measurement models, including a popular class known as intensity-based models. Credit Risk Measurement, Second Edition also analyzes significant changes in banking regulations that are impacting credit risk measurement at financial institutions. With fresh insights and updated information on the world of credit risk measurement, this book is a must-read reference for all credit risk professionals. Anthony Saunders (New York, NY) is the John M. Schiff Professor of Finance and Chair of the Department of Finance at the Stern School of Business at New York University. He holds positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as the Council of Research Advisors for the Federal National Mortgage Association. He is the editor of the Journal of Banking and Finance and the Journal of Financial Markets, Instruments and Institutions. Linda Allen (New York, NY) is Professor of Finance at Baruch College and Adjunct Professor of Finance at the Stern School of Business at New York University. She also is author of Capital Markets and Institutions: A Global View (Wiley: 0471130494). Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.
Book Synopsis Frontier Topics in Banking by : Elisabetta Gualandri
Download or read book Frontier Topics in Banking written by Elisabetta Gualandri and published by Springer. This book was released on 2019-05-28 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is twofold: Firstly to focus on the development of new instruments and topics in the financial industry. Secondly to analyze the development of “old” themes applied to different international contexts, such as cross-border banking and the role of government financial resources in China. With these goals in mind, the book explores the investigation of new instruments for the financing of SMEs and new ventures, such as mini bonds and equity crowdfunding. Additionally, it covers the field of corporate governance and corporate social responsibility including financial inclusion, gender roles, disclosure, social media roles and litigation. The book also investigates the choices followed by the Royal Swedish Academy in the selection of Nobel laureates in economics science to analyze their influence on the financial industry. Geared to banking academics, researchers and students, this book uncovers the most prominent issues within the banking industry today.
Book Synopsis Advances in Credit Risk Modeling and Management by : Frédéric Vrins
Download or read book Advances in Credit Risk Modeling and Management written by Frédéric Vrins and published by MDPI. This book was released on 2020-07-01 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit risk remains one of the major risks faced by most financial and credit institutions. It is deeply connected to the real economy due to the systemic nature of some banks, but also because well-managed lending facilities are key for wealth creation and technological innovation. This book is a collection of innovative papers in the field of credit risk management. Besides the probability of default (PD), the major driver of credit risk is the loss given default (LGD). In spite of its central importance, LGD modeling remains largely unexplored in the academic literature. This book proposes three contributions in the field. Ye & Bellotti exploit a large private dataset featuring non-performing loans to design a beta mixture model. Their model can be used to improve recovery rate forecasts and, therefore, to enhance capital requirement mechanisms. François uses instead the price of defaultable instruments to infer the determinants of market-implied recovery rates and finds that macroeconomic and long-term issuer specific factors are the main determinants of market-implied LGDs. Cheng & Cirillo address the problem of modeling the dependency between PD and LGD using an original, urn-based statistical model. Fadina & Schmidt propose an improvement of intensity-based default models by accounting for ambiguity around both the intensity process and the recovery rate. Another topic deserving more attention is trade credit, which consists of the supplier providing credit facilities to his customers. Whereas this is likely to stimulate exchanges in general, it also magnifies credit risk. This is a difficult problem that remains largely unexplored. Kanapickiene & Spicas propose a simple but yet practical model to assess trade credit risk associated with SMEs and microenterprises operating in Lithuania. Another topical area in credit risk is counterparty risk and all other adjustments (such as liquidity and capital adjustments), known as XVA. Chataignier & Crépey propose a genetic algorithm to compress CVA and to obtain affordable incremental figures. Anagnostou & Kandhai introduce a hidden Markov model to simulate exchange rate scenarios for counterparty risk. Eventually, Boursicot et al. analyzes CoCo bonds, and find that they reduce the total cost of debt, which is positive for shareholders. In a nutshell, all the featured papers contribute to shedding light on various aspects of credit risk management that have, so far, largely remained unexplored.
Book Synopsis Credit Scoring and Its Applications, Second Edition by : Lyn Thomas
Download or read book Credit Scoring and Its Applications, Second Edition written by Lyn Thomas and published by SIAM. This book was released on 2017-08-16 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit Scoring and Its Applications?is recognized as the bible of credit scoring. It contains a comprehensive review of the objectives, methods, and practical implementation of credit and behavioral scoring. The authors review principles of the statistical and operations research methods used in building scorecards, as well as the advantages and disadvantages of each approach. The book contains a description of practical problems encountered in building, using, and monitoring scorecards and examines some of the country-specific issues in bankruptcy, equal opportunities, and privacy legislation. It contains a discussion of economic theories of consumers' use of credit, and readers will gain an understanding of what lending institutions seek to achieve by using credit scoring and the changes in their objectives.? New to the second edition are lessons that can be learned for operations research model building from the global financial crisis, current applications of scoring, discussions on the Basel Accords and their requirements for scoring, new methods for scorecard building and new expanded sections on ways of measuring scorecard performance. And survival analysis for credit scoring. Other unique features include methods of monitoring scorecards and deciding when to update them, as well as different applications of scoring, including direct marketing, profit scoring, tax inspection, prisoner release, and payment of fines.?
Book Synopsis AI and Financial Technology by : Paolo Giudici
Download or read book AI and Financial Technology written by Paolo Giudici and published by Frontiers Media SA. This book was released on 2020-01-14 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This eBook is a collection of articles from a Frontiers Research Topic. Frontiers Research Topics are very popular trademarks of the Frontiers Journals Series: they are collections of at least ten articles, all centered on a particular subject. With their unique mix of varied contributions from Original Research to Review Articles, Frontiers Research Topics unify the most influential researchers, the latest key findings and historical advances in a hot research area! Find out more on how to host your own Frontiers Research Topic or contribute to one as an author by contacting the Frontiers Editorial Office: frontiersin.org/about/contact.
Book Synopsis The Risks of Financial Institutions by : Mark Carey
Download or read book The Risks of Financial Institutions written by Mark Carey and published by University of Chicago Press. This book was released on 2007-11-01 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events—such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode—has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors--from academic institutions, regulatory organizations, and banking--bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions.
Book Synopsis Financial Intermediation Versus Disintermediation: Opportunities and Challenges in the FinTech era by : Meryem Duygun
Download or read book Financial Intermediation Versus Disintermediation: Opportunities and Challenges in the FinTech era written by Meryem Duygun and published by Frontiers Media SA. This book was released on 2021-02-11 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring and Managing Operational Risks in Financial Institutions by : Christopher Lee Marshall
Download or read book Measuring and Managing Operational Risks in Financial Institutions written by Christopher Lee Marshall and published by Wiley. This book was released on 2001-01-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and innovative look at how to protect financial institutions from operational risks Operational risk is the risk associated with human error, systems failures, and inadequate controls and procedures in information systems or internal controls that will result in an unexpected loss. According to a recent survey, about seventy percent of banks consider operational risk as important as market or credit risks. Nearly a quarter of the same banks admit to operation-related losses of more than $1.6 million-many cases are so embarrassing that banks will not actually admit any error on their part. Firms are just beginning to develop their own operational risk management systems and they need guidance on how to do it. This book will help them identify, measure, and manage their operational risks. Christopher Marshall (Singapore) is Associate Director of the Center for Financial Engineering at the National University of Singapore. He has written numerous articles in Risk magazine and Harvard Business School cases.
Book Synopsis Readings in Credit Scoring by : L. C. Thomas
Download or read book Readings in Credit Scoring written by L. C. Thomas and published by . This book was released on 2004 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit scoring is one of the most successful applications of statistical and management science techniques in finance in the last forty years. This unique collection of recent papers, with comments by experts in the field, provides excellent coverage of recent developments, advances and sims in credit scoring. Aimed at statisticians, economists, operational researchers and mathematicians working in both industry and academia, and to all working on credit scoring and data mining, it is an invaluable source of reference.
Book Synopsis Frontier Capital Markets and Investment Banking by : Temitope W. Oshikoya
Download or read book Frontier Capital Markets and Investment Banking written by Temitope W. Oshikoya and published by Routledge. This book was released on 2019-05-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the role of capital markets and investment banking in Nigeria, the largest frontier market economy in the world by both population size and gross domestic product. Offering a systematic framework combining conceptual principles with real practice, the book enables the reader to gain useful insight into how capital markets and investment banking work in the real world of a frontier market. The book provides a synopsis of the economic attractiveness, financial systems intermediation and capital markets, as well as the regulatory framework within a frontier market. It explores capital raising through equity and underwriting and private equity, paying particular attention to putting capital to work on mergers and acquisitions, project and infrastructure finance and real estate finance. Furthermore, it analyses asset management, pension industry and securities trading in a frontier market. The authors use detailed case studies from Nigeria to illustrate the operations of investment banking in frontier markets. The cases, tables and charts serve as useful illustrations of the topics under discussion. With the authors’ combined experience of more than 50 years as economists, finance and investment professionals and in executive leadership positions in the financial services industry, this book will interest the academic community, professionals in the financial industry, retail and institutional investors interested in frontier markets, development practitioners in international organizations and policy makers including securities and capital market regulators.
Book Synopsis Frontier Computing by : Jason C. Hung
Download or read book Frontier Computing written by Jason C. Hung and published by Springer Nature. This book was released on 2023-05-24 with total page 2017 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers the proceedings of the 12th International Conference on Frontier Computing, held in Tokyo, Japan, on July 12–15, 2022, and provides comprehensive coverage of the latest advances and trends in information technology, science, and engineering. It addresses a number of broad themes, including communication networks, business intelligence and knowledge management, Web intelligence, and related fields that inspire the development of information technology. The respective contributions cover a wide range of topics: database and data mining, networking and communications, Web and Internet of things, embedded systems, soft computing, social network analysis, security and privacy, optical communication, and ubiquitous/pervasive computing. Many of the papers outline promising future research directions, and the book benefits students, researchers, and professionals alike. Further, it offers a useful reference guide for newcomers to the field.
Book Synopsis Frontier and Developing Asia by : Mr.Alfred Schipke
Download or read book Frontier and Developing Asia written by Mr.Alfred Schipke and published by International Monetary Fund. This book was released on 2015-04-10 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a combined population of more than 350 million people, frontier and developing Asia, which includes countries such as Vietnam, Cambodia, and Bangladesh, is located in the world’s fastest-growing region and has favorable demographics. The countries share a number of common macroeconomic, financial, and structural challenges. This book addresses issues related to economic growth and structural transformation, as well as the risk of a poverty trap and rising income inequality.
Book Synopsis FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk by : Majid Bazarbash
Download or read book FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk written by Majid Bazarbash and published by International Monetary Fund. This book was released on 2019-05-17 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent advances in digital technology and big data have allowed FinTech (financial technology) lending to emerge as a potentially promising solution to reduce the cost of credit and increase financial inclusion. However, machine learning (ML) methods that lie at the heart of FinTech credit have remained largely a black box for the nontechnical audience. This paper contributes to the literature by discussing potential strengths and weaknesses of ML-based credit assessment through (1) presenting core ideas and the most common techniques in ML for the nontechnical audience; and (2) discussing the fundamental challenges in credit risk analysis. FinTech credit has the potential to enhance financial inclusion and outperform traditional credit scoring by (1) leveraging nontraditional data sources to improve the assessment of the borrower’s track record; (2) appraising collateral value; (3) forecasting income prospects; and (4) predicting changes in general conditions. However, because of the central role of data in ML-based analysis, data relevance should be ensured, especially in situations when a deep structural change occurs, when borrowers could counterfeit certain indicators, and when agency problems arising from information asymmetry could not be resolved. To avoid digital financial exclusion and redlining, variables that trigger discrimination should not be used to assess credit rating.
Book Synopsis NAVIGATING THE AI FRONTIER: UNDERSTANDING THE BENEFITS AND CHALLENGES OF ARTIFICIAL INTELLIGENCE ACROSS INDUSTRIES by : Dr. Arun B Prasad
Download or read book NAVIGATING THE AI FRONTIER: UNDERSTANDING THE BENEFITS AND CHALLENGES OF ARTIFICIAL INTELLIGENCE ACROSS INDUSTRIES written by Dr. Arun B Prasad and published by Xoffencerpublication. This book was released on 2023-08-21 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consistent development of information technology (IT) paves the way for companies to make the shift to digital work as their principal mode of operation. This is made feasible by the rapid progress of IT. As a consequence of this, employers are putting pressure on employees to adapt to new forms of employment, which may include less interaction with other people but more interaction with information technology. However, as a consequence of these new ways of doing things, workers won't be able to carry out their responsibilities with the same principles and beliefs that they have been used to bringing to the table in the past. The continual upheaval that takes place in the workplace has the potential to influence the self-beliefs that constitute a person's professional identity at work, also known as the perception of one's function in the workplace. This is because self beliefs are sensitive to being influenced by the perception of one's function in the workplace. The act of having one's identity questioned by an experience that is in direct opposition to who they are may result in a decline in one's sense of self-worth as well as a potential threat to the integrity of one's identity. As a consequence of this, it is possible that activities that are targeted at maintaining self-esteem connected with identity will be necessary in light of the fact that the landscape and experiences of a number of professions have been transformed as a result of the development of technology. The digitization of workplaces is directly responsible for the growing popularity of digital labour as the normal operating procedure in organisations. One of the primary factors that is driving this discussion is the continuing development of artificial intelligence (AI), which can be defined as "the ability of a machine to perform cognitive functions that we associate with human minds, such as perceiving, reasoning, learning, interacting with the environment, problem-solving, decision-making, and even demonstrating creativity." Artificial intelligence is put to use in many different capacities within the field of digital labour, including (managerial) decision making, data analysis and prediction work, or (human-AI) interaction. 1 | P a ge Because of this, artificial intelligence will continually bring about changes to working environments and professions, perhaps putting the lives of people whose jobs are replaced by computers in jeopardy. On the other hand, this might lead to a reduction in value if the people who utilise AI systems have major variances in their perspectives. In addition, the use of AI has the potential to contribute to the growth of ambiguity and the invasion of individuals' right to personal privacy. The phrase "dark side of AI" is often used to refer to this undesirable phenomenon, which outlines the ways in which AI offers risks for individuals, businesses, and society as a whole. However, the adoption of AI in enterprises may not only eliminate or modify current jobs but also create new sectors of labour, such as in the disciplines of engineering, programming, or even social domains. This is because AI may be able to perform some or all of the tasks associated with these vocations. This is due to the fact that AI is capable of learning new things and adjusting to its surroundings. There is an ongoing sense of optimism over artificial intelligence and the economic effects that it will have (Selz, 2020). The public discourse about artificial intelligence has been more optimistic over the last several years; despite this, the concern that AI would displace current jobs continues to outweigh the potential for human and AI collaboration in the future. The interaction between humans and artificial intelligence demonstrates that people's views of AI are based on a wide variety of features to varying degrees. For example, salient signals, affordances, or collaborative interaction may have an effect on a person's emotions and, as a consequence, their intents about artificial intelligence (Shin, 2021). The manner in which an employee applies technology in the course of their work contributes to the formation of that employee's sense of self identity. In order to investigate this matter in a way that is adequate, we are going to adopt the perspective of Carter and who define the word "IT identity" as "the extent to which a person views use of an IT as integral to his or her sense of self." This will allow us to investigate this matter in a manner that is adequate. It is possible that the implementation of AI in the workplace will run opposite to the employees' identification with their activities, which may cause them to engage in resistive behaviours such as an aversion to algorithms on their part. The phenomenon known as "algorithm aversion" is characterised by the fact that employees, when faced with the same conditions as before, prefer to get assistance from a human being rather than from a computer programme. A possible definition of IT identity danger is "the anticipation of harm to an individual's self-beliefs, caused 2 | P a ge by the use of an IT, and the entity it applies to is the individual user of an IT." The individual user of an IT is the entity to whom this definition applies.A term that might be used to describe this obstruction is "IT identity threat." As a consequence of this, having an awareness of the development of upcoming predictors that impact AI resistance based on IT identity risks is very necessary. This is owing to the fact that it is anticipated that the introduction of AI would modify employment inside enterprises, which in turn may have an influence on the identities of the individuals working in such firms.
