GARP Digital Library

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Books/Articles By


  Author:  Altman, Edward I.

 
 

Chapter 19

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Book Title:
Book Author(s):
Chapter:
19
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$4.00
 
Affiliate & Non-Member:            US$$5.00

Summary:

*** Excerpt from book *** A question that might come to an astute reader at the mention of economic capital is what does economic capital have to do with managing credit risk? The term economic capital made its appearance in the previous chapter, but no attempt was made to directly relate ... click here for more details.





Chapter 18

Reading Title:
Reading Author(s):
Book Title:
Book Author(s):
Chapter:
18
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$4.00
 
Affiliate & Non-Member:            US$$5.00

Summary:

*** Excerpt from book *** The chapter introduces portfolio theory as applied to managing the fixed income assets of banks and insurance companies. In the past, these institutions suffered the consequences of having paid insufficient attention to portfolio management. Because they focused on analyzing individual loans with little regard for the ... click here for more details.





Chapter 17

Reading Title:
Reading Author(s):
Book Title:
Book Author(s):
Chapter:
17
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$3.50
 
Affiliate & Non-Member:            US$$4.00

Summary:

This chapter introduces the application of portfolio theory to portfolios of fixed income investments. A brief review of portfolio theory and the concept of diversification is provided. Practical issues of applying portfolio theory to fixed income portfolios are discussed, including non-normal return distributions, lack of a single period ... click here for more details.





Chapter 5

Reading Title:
Reading Author(s):
Book Title:
Book Author(s):
Chapter:
5
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$4.00
 
Affiliate & Non-Member:            US$$5.00

Summary:

*** Excerpt from book *** Banks, derivative dealers, and other financial institutions that engage in a high volume of transactions with each other take on credit risks in the course of their daily interactions. Clearinghouse, exchanges, and derivative contracts are structural means of mitigating theses risks.





Chapter 23

Reading Title:
Reading Author(s):
Book Title:
Book Author(s):
Chapter:
23
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$3.50
 
Affiliate & Non-Member:            US$$4.00

Summary:

The asset-backed securitization market has grown tremendously in the last 15 years. This chapter provides an excellent overview of the securitization process, including discussion of the uses of securitization, the benefits to issuers and examples of securitizations of mortgages, auto loans, credit card receivables and other assets. The ... click here for more details.





Chapter 6

Reading Title:
Reading Author(s):
Book Title:
Book Author(s):
Chapter:
6
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$3.50
 
Affiliate & Non-Member:            US$$4.00

Summary:

This chapter provides a thorough introduction to rating agencies and their role in evaluating the creditworthiness of issuers of debt securities. The chapter discusses the major rating agencies and how their business has evolved, how agencies establish ratings and how ratings have performed historically. The role of ratings ... click here for more details.





Chapter 6

Reading Title:
Reading Author(s):
Book Title:
Book Author(s):
Chapter:
6
Publisher:
Reading Price:
GARP Member (Non-Affiliate):   US$4.00
 
Affiliate & Non-Member:            US$$5.00

Summary:

*** Excerpt from book *** Rating agencies specialize in evaluating the creditworthiness of debt securities issued by corporate, financial, structured finance, municipal, and sovereign obligors, and by evaluating the general creditworthiness of the issuers themselves. It is the job of the agencies to inform investors about the likelihood that they will ... click here for more details.




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