Advanced Credit Risk Analysis
Author: Didier Cossin, Hugues Pirotte
List Price: $110.00
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ISBN: 0471987239
Publisher: John Wiley & Sons (09 June, 2000)
Sales Rank: 196,904
Average Customer Rating: 3.12 out of 5
Customer Reviews
Rating: 5 out of 5
Extremely interesting but quite technical (useful errata)
I enjoyed this book. It goes over many of the credit risk theories that I had only heard of or skimmed through before. The presentation is very clear and successful. Some typos at the beginning of the book are too bad but the errata on the author's web site is useful, especially for the chapter on Merton. The book seems very complete and very detailed, much more than the other books around. A very useful addition, especially with the available errata for the typos concentrated at the beginning. I believe our current credit risk systems are so out of date with the advanced theories as presented in the book... Things will change...
Rating: 5 out of 5
Easily the Best Credit Risk Book: A Must!
This is easily the best credit risk book there is! It is the only book that covers all the theories available. It is well written and covers both the maths and the intuitions. It is up to date too. While the book targets sophisticated readers, it covers more of the ground than any other book I have seen around (and goes much more in depth than any competitor). It is great to finally have a book that goes through the maze of the theories on credit risk.
Rating: 2 out of 5
Interesting, but full of errors
The recent developments in credit-risk analysis have been highly quantitative and theoretical. Hugues Pirotte & Didier Cossin provide a comprehensive overview of the most popular credit risk models. Their purpose is to allow practitioners to apply quantitative modeling to this complex area. I think that it is a quite good book: easy to read, clear for most of its explanations but I found too many mistakes in mathematical formulas. The editor could have been more careful with the reader's comfort. On the downside: the chapter on swap credit risk (a model from the authors) is so pretentious that it becomes very irritating and actually damages the quality of the book. In addition, no disk with source code! Similar Products
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