Chapter 1. The Objectives of the Credit Risk Process
Chapter 2. The Asian Crisis: Lessons for Maximizing Risk-adjusted Shareholder Value
Chapter 3. The Evolution of Credit Modeling Techniques
Chapter 4. Credit Risk Models: The Impact of Macro Factors on the Risk of Default
Chapter 5. Internal Ratings and Approaches to Testing Credit Models
Chapter 6. Tests of Credit Models using Historical Default Data
Chapter 7. Market Data Tests of Credit Models: Lessons from Enron and Other Case Studies
Chapter 8. Out of Sample Testing of Credit Models
Chapter 9. Implications of the Tests for the Basel Accords and Management of Financial Institutions
Chapter 10. Measuring Safety and Soundness and Capital Allocation Using the Merton and Reduced Form Models
Chapter 11. Impact of Collateral on Valuation Models
Chapter 12. Pricing and Valuing Revolving Credit and Other Loan Agreements
Chapter 13. Credit Derivatives and Collateralized Debt Obligations
Chapter 14. Future Developments in Credit Modeling