Link al Credit Risk Summit 2003

perché l’investimento per l’imprenditore non ha solo una valenza economica ma anche sociale e personale. L’impresa come vero e proprio membro

Brennan, Teresa, Between Feminism and Psychoanalysis, London- New York, Routledge, 1989. Butler, Judith, Gender Trouble: Feminism and the Subversion of Identity,

In this chapter we study similar financial indicators that could be used in presence of credit (or default) risk to properly evaluate the relationship between the defaultable bond

Two main approaches to credit risk modeling, that differ, from a technical point of view, in the way default arrival, i.e. the time τ at which the default of a company occurs

Two main approaches to credit risk modeling, that differ, from a technical point of view, in the way default arrival, i.e. the time τ at which the default of a company occurs

2 To obtain an acceptable precision when using Monte-Carlo simulation to simulate default arrival it is necessary to use a large number

Let us now instead assume recovery payment at default τ.. r and λ ∗ affine functions of an affine state vector process) k(t, u) is available in closed form. Notice also that

Idea: they are functions that describe the dependence structure: disentangle the estimation of single-name default probabilities and the estimation of the dependence. structure