An analysis and further development of the building blocks of modern credit risk management:- Definitions of default- Estimation of default probabilities- Exposures- Recovery Rates- Pricing- Concepts of portfolio dependence- Time horizons for risk calculations- Quantification of portfolio risk-...

This volume was prepared by Inga Heiland while she was working at the Ifo Institute. It was completed in July 2016 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It comprises five chapters addressing one or more aspects of international trade and...