The modeling of dependence structures (or copulas) is undoubtedly one of the key challenges for modern financial engineering. First applied to credit-risk modeling, copulas are now widely used across a range of derivatives transactions, asset pricing techniques, and risk models,…
How the global financial services sector has been transformed by artificial intelligence, data science, and blockchain. Artificial intelligence, big data, blockchain, and other new technologies have upended the global financial services sector, creating opportunities for entrepr…
Syndicated loans are loans provided by a group of lenders and administered or arranged by investment banks and are one of the key ways in which firms raise capital for growth. Agreements can range from straightforward 'vanilla' transactions, to highly complex agreements with num…
"This text comprises a selection of papers that provide state-of-the-art insights into research focusing on dimensions of bank strategy, governance and the role of credit rating agencies that were presented at the European Association of University Teachers of Banking and Financ…
Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. This book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year o…
"The phenomenal growth of Islamic finance in the last few decades has been accompanied by a host of interesting questions and challenges. One of the critical challenges is how Islamic financial institutions can be motivated to participate in the 'equity-like' profit and loss sha…
In the best economic circumstances, effective credit management can be a challenge for many businesses; in tough times, it can become a critical operational factor that can threaten to make or break an otherwise healthy business. The Business Guide to Credit Management offers ne…
The recent financial crisis found its roots within the credit market and quickly broadened to all other asset classes. It rapidly became a crisis of the real economy and has caused a deep recession. We have learnt that healthy credit markets play a fundamental role in the effici…