Managing Credit Risk is an outstanding work of scholarship and a truly fabulous book.As a working credit analyst in the field the authors characterize as "classic credit analysis," I felt the need tobecome conversant with the various quantitative approaches to managingcredit risk, (especially since the ultimate goal of the quantitativemodelers is to put me out of work).The book served my needs precisely, byintroducing all of the relevant models in a concise format witheasy-to-understand commentary on the strengths and weaknesses of themodels.The clear, qualitative, conceptual explanations are supported byquantitative examples sufficient to satisfy most numerically mindedreaders, but even those who shy away from numbers will find thequantitative examples easy to follow.The book has served me very well byenabling me to discuss the assessment and deployment of quantitative modelson an even footing with professional risk managers and the rocketscientists who are engaged in developing these models. Although financeprofessionals obviously will find the book of great value, I also believethat readers who enjoyed Peter Bernstein's Against the Gods will find thatManaging Credit Risk provides a concrete account of the current state ofhumanity's struggle to understand and control risk.Click Here to see more reviews about: Managing Credit Risk: The Next Great Financial Challenge (Frontiers in Finance Series) (Hardcover)
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