4.0 out of 5 stars
Excellent Book For Credit Risk Managers, Feb 27 2003
By A Customer
This review is from: An Introduction to Credit Risk Modeling (Hardcover)
This is an excellent book covering the latest thinking in credit risk modeling. It could have used more on documentation and structuring risk, so I only gave it four stars, but it is five stars in model review.
For more on product descriptions and structuring risk, I highly recommend Tavakoli's "Credit Derivatives" 2nd Edition.
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5.0 out of 5 stars
CreditTrader, Nov 5 2002
By A Customer
This review is from: An Introduction to Credit Risk Modeling (Hardcover)
This is an excellent treatise on the near state-of-the-art in credit risk management. Although the focus is on sell-side risk management, many (if not all) of the techniques described can be used on the buy-side also.
This is the first book that really focusses on the portfolio problem of credit risk - many books have touched on vendor-provided models and their shortcomings but Bluhm et al. take it further into the practitioner's world.
The reader does not need a very strong background in math or physics but some understanding of finance and stochastic calculus would help to get the most out of it.
I recommend to everyone who is either in or thinking of getting into credit risk as a career - enjoy....
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