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Introduction

Chapter
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Part of the Springer Finance book series (FINANCE)

Abstract

Although lending money is one of the oldest banking activities at all, credit evaluation and pricing is still not fully understood. There are many difficulties in assessing the impact of credit risk on prices in the bond and loan market. Two key problems are the data limitations and the model validation.

Keywords

Credit Risk Default Risk Default Probability Credit Spread Bond Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  1. 1.risklab germany GmbHMunichGermany

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