This book provides a summary of state-of-the-art methods and research in the analysis of credit. It thereby supplies very useful insights into this vital area of finance that has previously been insufficiently taught and researched in academia. The book, which includes an overview of processes that are utilized for estimating the probability of default and the loss given default for a wide array of debts, will be useful in evaluating individual loans and bonds as well as managing entire portfolios of such assets. Each of the chapters in the book is written by authors who presented and...

Lines from a famous song adeptly describe John Quinn: "I was born in Liverpool down by the docks, me religion was Catholic, occupation hard-knocks..." From humble beginnings in the back streets of Liverpool, John rose to become a senior banker in the City of London. When he was offered an attractive redundancy package in the late 1990's, John jumped at the opportunity to fulfil a dream. He sold up and relocated to Norfolk, opening a record shop. All was going to plan when unexpected events turned John's world upside down, threatening his business and putting his life in danger. Can John's...

This book provides a summary of state-of-the-art methods and research in the analysis of credit. As such, it offers very useful insights into this vital area of finance, which has too often been under-researched and little-taught in academia. Including an overview of processes that are utilized for estimating the probability of default and the loss given default for a wide array of debts, the book will also be useful in evaluating individual loans and bonds, as well as managing entire portfolios of such assets. Each chapter is written by authors who presented and discussed their contemporary...