Credit risk refers to the risk of loss arising from a counterparty default that fails to fulfill commitments under the terms of the contract. It is therefore insolvency or unwillingness of the debtor to pay its obligations. The present contribution deals with theoretical knowledge of credit risk, its measurement and then describes one of the most used credit risk models - Moody's KMV which function is explained on practical demonstrations.
Original languageEnglish
Title of host publication2014 2ND INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCE (ICESS 2014), PT 1
PublisherInformation Engineering Research Institute
Pages40-44
Number of pages5
ISBN (Print)978-1-61275-068-2
StatePublished - 2014

    Research areas

  • Credit risk, financial risk, Moodyґ s KMV model.

ID: 7033617