Loss Given Default - Empirical observations and models » książka
Loss Given Default - Empirical observations and models
ISBN-13: 9783639178081 / Angielski / Miękka / 2009 / 80 str.
In times of implementation of Basel II Approach and financial crisis, the importance of Loss Given Default (LGD), as a measure of expected losses by default of banks, companies, corporations, etc. will increase rapidly. The understanding of central statistical characteristics of LGD will help the Banks, Hedge Funds and other Lending Parties to forecast and measure the potential losses, if a company goes bankrupt. For its prediction should be created new accurate mathematical and risk management models and therefore the involving parties should have more empirical observations from the past and study the existing models in that area.
In times of implementation of Basel II Approach andfinancial crisis, the importance of Loss GivenDefault (LGD), as a measure of expected losses by defaultof banks, companies, corporations, etc. will increaserapidly. The understanding of central statisticalcharacteristics of LGD will help the Banks, HedgeFunds and other Lending Parties to forecast andmeasure the potential losses, if a company goesbankrupt. For its prediction should be created newaccurate mathematical and risk management models andtherefore the involving parties should have moreempirical observations from the past and study theexisting models in that area.
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