Each new crisis comes with financial innovations being pointed as scapegoats. But innovations are in general new tools materialising around existing strategies to make them more available and measurable. Their pace of evolution paired with that of the complexity of the interconnectedness between...

Advanced Credit Analysis presents the latest and most advanced modelling techniques in the theory and practice of credit risk pricing and management.The book stresses the logic of theoretical models from the structural and the reduced-form kind, their applications and extensions. It shows the...

Currency and interest rate swaps are subject to a complex, two-sided default risk. Several theoretical papers have recently addressed the problem of pricing this swap credit risk. We implement a recent credit risk pricing model in an attempt to evaluate one of the main lines of research in...

Currency and interest rate swaps are subject to a complex, two-sided default risk. Although several theoretical papers have recently addressed the problem of pricing swap credit risk, the empirical literature is almost non-existent. This is the only study we know which uses actual transaction...

Le " must " des ouvrages de finance d'entreprise enfin disponible en français !Edité pour la première fois en langue française, Finance Corporate couvre le cours de gestion financière enseigné dans les écoles de commerce et universités. Ce classique des ouvrages de gestion financière,...