{"product_id":"9781848219052","title":"Semi-Markov Migration Models for Credit Risk","description":"\u003ch1\u003eSemi-Markov Migration Models for Credit Risk\u003c\/h1\u003e\u003ch3\u003eGuglielmo D'Amico | Giuseppe Di Biase | Jacques Janssen | Raimondo Manca\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eMathematics \/ Applied\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eCredit risk is one of the most important contemporary problems for banks and insurance companies.  Indeed, for banks, more than forty percent of the equities are necessary to cover this risk. Though this problem is studied by large rating agencies with substantial economic, social and financial tools, building stochastic models is nevertheless necessary to complete this descriptive orientation.\u003cbr\u003eThis book presents a complete presentation of such a category of models using homogeneous and non-homogeneous semi-Markov processes developed by the authors in several recent papers. This approach provides a good method of evaluating the default risk and the classical VaR indicators used for Solvency II and Basel III governance rules.\u003cbr\u003e\u003cbr\u003eThis book is the first to present a complete semi-Markov treatment of credit risk while also insisting on the practical use of the models presented here, including numerical aspects, so that this book is not only useful for scientific research but also to managers working in this field for banks, insurance companies, pension funds and other financial institutions.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e \u003cp\u003e\u003cb\u003eGuglielmo D'Amico\u003c\/b\u003e is Associate Professor of Applied Mathematics at \"G. D'Annunzio\" University of Chieti-Pescara in Italy. He has published 69 papers in peer-reviewed international journals.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGiuseppe Di Biase\u003c\/b\u003e is Associate Professor of Applied Mathematics for Economics and Finance in the Department of Pharmacy at the \"G. D'Annunzio\" University of Chieti-Pescara in Italy.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJacques Janssen\u003c\/b\u003e is Honorary Professor at the Solvay Brussels School of Economics and Management in Brussels, Belgium. He is founding editor of the Wiley journal Applied Stochastic Models for Business and Industry, and manages book series and open journals for ISTE.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRaimondo Manca\u003c\/b\u003e is Full Professor of Mathematics for Economics, Finance and Insurance at University of Rome \"La Sapienza\" in Italy. He has written 220 papers and 11 scientific books and is associate editor of Methodology and Computing in Applied Probability.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e26 June 2017\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley-ISTE\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781848219052\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e320\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e20.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44315204845708,"sku":"9781848219052","price":160.16,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781848219052.jpg?v=1780235985","url":"https:\/\/lateknightbooks.com\/products\/9781848219052","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}