Diploma Thesis from the year 1999 in the subject Business economics - Investment and Finance, grade: 1,0, Karlsruhe Institute of Technology (KIT) (Unbekannt), course: Statistics and Econometrics, language: English, abstract: Inhaltsangabe: Abstract: We discuss the main approaches to quantify the risk of losses arising from a defaulting counterparty to a financial transaction that have been developed over the last 25 years. Every existing method faces major problems in assessing the numerous and partly non-observable factors influencing credit risk. One shortcoming common to all methods is the...