Foreword
The current economic environment, with its unprecedented global financial crisis and slow resolution, has stimulated a wealth of innovative and constructive solutions in credit risk modeling and credit derivatives in particular. While it is true that this volume includes some of the more important research of the past year, significantly, I credit the editors for having facilitated a heightened quality within the individual contributions.
Importantly, chapters are split with a good balance of the theoretical versus the practical. Especially since 2007, credit markets have extraordinarily stressed both theoretical frameworks and empirical calibrations.
Similarly, and refreshingly, contributing authors are evenly split between academic ...
