The financial industry is swamped by credit products whose economic performance is linked to the performance of some underlying portfolio of credit-risky instruments, like loans, bonds, swaps, or asset-backed securities. Financial institutions continuously use these products for tailor-made long and short positions in credit risks. Based on a stead

chapter 2|138 pages

Default Baskets

chapter 4|4 pages

Some Practical Remarks

chapter 5|4 pages

Suggestions for Further Reading

chapter 6|28 pages