Developing Validating and Using Internal Ratings

Author: Giacomo De Laurentis
Publisher: John Wiley & Sons
ISBN: 1119957648
Format: PDF
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This book provides a thorough analysis of internal rating systems. Two case studies are devoted to building and validating statistical-based models for borrowers’ ratings, using SPSS-PASW and SAS statistical packages. Mainstream approaches to building and validating models for assigning counterpart ratings to small and medium enterprises are discussed, together with their implications on lending strategy. Key Features: Presents an accessible framework for bank managers, students and quantitative analysts, combining strategic issues, management needs, regulatory requirements and statistical bases. Discusses available methodologies to build, validate and use internal rate models. Demonstrates how to use statistical packages for building statistical-based credit rating systems. Evaluates sources of model risks and strategic risks when using statistical-based rating systems in lending. This book will prove to be of great value to bank managers, credit and loan officers, quantitative analysts and advanced students on credit risk management courses.

Risk Culture in Banking

Author: Alessandro Carretta
Publisher: Springer
ISBN: 3319575929
Format: PDF, ePub, Mobi
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This book explores risk culture in banks following the financial crisis. It analyses the role of national and institutional risk culture, market competitiveness, organisational systems and institutional practices that led to a weakening of risk culture in financial institutions leading up to the financial crisis. It addresses how to assess and measure risk culture, and analyse the impact on performance and reputation. Finally it explores the impact of regulation and a variety of tools that can be applied from the board down to promote a healthy risk culture in the governance of financial institutions internal controls and risk culture in banks.

Credit Rating and Bank Firm Relationships

Author: Michele Modina
Publisher: Springer
ISBN: 1137496223
Format: PDF, Mobi
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This book explores the role of the rating system in creditworthiness assessment, looking into its current status, strengths and weaknesses and possible evolution in the light of Basel 3 and the Global Economic Crisis.

Risk Value and Default

Author: Oliviero Roggi
Publisher: World Scientific
ISBN: 9814641731
Format: PDF
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Scholars and practitioners have known for a long time that risk plays an important, indeed central, role in determining the appropriate discount rate to be used in a sophisticated valuation model. In today's world, however, the very risk of survival, especially for financial institutions, is essential to the health of the world's capital markets and their impact on the global economy. Risk, Value and Default is a vital text for understanding the interaction between enterprise risk management with corporate valuation and corporate default. The book seeks to explore the interaction between the risk of default and enterprise risk, and their joint impact on firm valuation. It aims to address the problem of how corporations should deal with risk and how they can maximize shareholder value. It also examines various conceptual ways to measure risk, thereby bridging the gap between theoretical concepts and pragmatic application. The book combines sound conceptual analytics and empirical tools to provide useful information and tangible guidelines for firms, risk managers and financial analysts and advisors. Scholars and professionals with an interest in risk management, and managers, owners, creditors and potential investors in enterprises will find Risk, Value and Default a particularly useful guide to understanding the relationship between risk generation, risk management and corporate value and default from an interdisciplinary perspective. Contents:The Concept of Risk and the Enterprise Risk Management:The Corporate RiskRisk Management: Analysis of Risk, Endowment Capital, and Suppliers of FinanceEstimating Default Risk in Practice: Methodologies and Discriminant Variables:Credit Risk, Default, and Borrowing CostsCompany Default and Discriminant Variables for SMEDefault Risk and Discriminant Methodologies for SME Readership: Scholars and practitioners with an interest in risk governance, valuation and risk management within the context of the risk management and governance, corporate finance, banking, econometrics, mathematical economics and quantitative finance. Key Features:Explores the interaction between the risk of default and enterprise risk, and their joint impact on firm valuationAddresses the problem of how corporations should deal with risk and how they can maximize shareholder valueCombines sound conceptual analytics and regional firm data to provide useful information and tangible guidelines for firms as well as for analystsKeywords:Risk Management;Enterprise Risk Management;Credit Risk;Valuation;Equity Risk Premium;Basel III;Default Risk;Capital Requirements

Managing Energy Risk

Author: Markus Burger
Publisher: John Wiley & Sons
ISBN: 1118618580
Format: PDF, ePub, Mobi
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An overview of today's energy markets from a multi-commodityperspective As global warming takes center stage in the public and privatesectors, new debates on the future of energy markets andelectricity generation have emerged around the world. The SecondEdition of Managing Energy Risk has been updated to reflectthe latest products, approaches, and energy market evolution. Afull 30% of the content accounts for changes that have occurredsince the publication of the first edition. Practitioners willappreciate this contemporary approach to energy and thecomprehensive information on recent market influences. A new chapter is devoted to the growing importance of renewableenergy sources, related subsidy schemes and their impact on energymarkets. Carbon emissions certificates, post-Fukushima marketshifts, and improvements in renewable energy generation are allincluded. Further, due to the unprecedented growth in shale gas productionin recent years, a significant amount of material on gas marketshas been added in this edition. Managing Energy Risk is nowa complete guide to both gas and electricity markets, andgas-specific models like gas storage and swing contracts are giventheir due. The unique, practical approach to energy trading includes acomprehensive explanation of the interactions and relations betweenall energy commodities. Thoroughly revised to reflect recent changes in renewableenergy, impacts of the financial crisis, and market fluctuations inthe wake of Fukushima Emphasizes both electricity and gas, with all-new gas valuationmodels and a thorough description of the gas market Written by a team of authors with theoretical and practicalexpertise, blending mathematical finance and technicaloptimization Covers developments in the European Union Emissions TradingScheme, as well as coal, oil, natural gas, and renewables The latest developments in gas and power markets havedemonstrated the growing importance of energy risk management forutility companies and energy intensive industry. By combiningenergy economics models and financial engineering, ManagingEnergy Risk delivers a balanced perspective that captures thenuances in the exciting world of energy.

konometrie f r Dummies

Author: Roberto Pedace
Publisher: John Wiley & Sons
ISBN: 3527801529
Format: PDF, ePub, Mobi
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Theorien verstehen und Techniken anwenden Was haben die Gehälter von Spitzensportlern und der Mindestlohn gemeinsam? Richtig, man kann sie mit Ökonometrie erforschen. Im Buch steht, wie es geht. Und nicht nur dafür, sondern für viele weitere Gebiete lohnt es sich, der zunächst etwas trocken und sperrig anmutenden Materie eine Chance zu geben. Lernen Sie von den Autoren, wie Sie spannende Fragen formulieren, passende Variablen festlegen, treffsichere Modelle entwerfen und Ihre Aussagen auf Herz und Nieren prüfen. Werden Sie sicher im Umgang mit Hypothesentests, Regressionsmodellen, Logit- & Probit-Modellen und allen weiteren gängigen Methoden der Ökonometrie. So begleitet Ökonometrie für Dummies Sie Schritt für Schritt und mit vielen Beispielen samt R Output durch dieses spannende Thema.

Die Transaktionsanalyse in der Psychotherapie

Author: Eric Berne
Publisher:
ISBN: 9783873874237
Format: PDF, Kindle
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Inhaltsübersicht: Vorworte, Einführung, I. Psychiatrie des Individuums und Strukturanalyse, II. Sozialpsychiatrie und Transaktionsanalyse, III. Psychotherapie, IV. Grenzgebiete der Transaktionsanalyse, Anhang.

Fundamentals of Research Methodology for Health Care Professionals

Author: Hilla Brink
Publisher: Juta and Company Ltd
ISBN: 9780702166808
Format: PDF, Kindle
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An introduction to research methodology, this textbook contains conceptual and nontechnical descriptions of the methods used by researchers in medical experimentation. Each step of the research process is explained and illustrated with examples from practice. This revised second edition also has expanded sections on clinical research methods, action research, Web resources, and current scenarios.