Financial Hedging
Editor: Patrick N.Catlere
Nova Science Publishers Inc (United States), 2009
Hardback
ISBN: 9781606926659
ISBN-10: 1606926659
List price: £74.50
You save: 10%
Financial Hedging
The problem of credit risk is an important problem in finance. It consists of computing the probability of a firm defaulting on a debt. The time evolution of rating for credit risk models can be studied by means of Markov transition models. This book looks at the homogeneous and non-homogeneous semi-Markov backward credit risk migration models.
