Managing Credit Risk With Credit And Macro Derivatives
We use the industrial organization approach to the microeconomics of banking, augmented by uncertainty and risk aversion, to examine credit derivatives and macro derivatives as instruments to hedge credit risk for a large commercial bank. In a partial-analytic framework we distinguish between the probability of default and the loss given default, model different forms of […]
Managing your money
money management is like sex: Everyone does it,one way or another, but not many like to talk about it and some do it better than others.But there’s a big difference: Sex sites on the Web proliferate, while sites devoted to the art and science of money management are somewhat difficult to find.There are many, many […]