Cantemir, Cãlin Adrian; Cristina, Popovici Oana - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 1294-1299
Credit risk is one of the most important aspects that need to be considered by financial institutions involved in credit-granting. It is defined as the risk of loss that arises from a borrower who does not make payments as promised. For modelling credit risk there are two main approaches: the...