Credit Derivatives and Risk Management

Author: Yin Zhu
Publisher:
Publish Date: 2005-03-01
Features: This book centers on credit asset management, integrating research findings in financial theory and innovative operational techniques in risk management and financial innovation. It conducts comprehensive and highly effective research from multiple levels, including the organization of fundamental theoretical literature, technical methods, internal management frameworks within banks, and external market environments. Improving the quality of credit assets in China's banking sector is a core task of the current financial reform. The challenges faced by financial reform are: how to construct a market-oriented operational environment for the financial system and effectively enhance the management of bank credit assets. This book focuses on "credit asset management," combining research findings in financial theory and innovative operational techniques in "risk management" and "financial innovation." It conducts comprehensive and effective research from multiple levels, including the organization of fundamental theoretical literature, technical methods, internal management frameworks within banks, and external market environments. The book is divided into three parts: First, using inductive methods, it highly compresses the historical experiences of China and the world, summarizing a technical evolution framework for credit asset risk management in banks. Within this framework, it compares banking systems at different stages of development. In the empirical research and applied research stages, it observes the actual effects of various credit risk management techniques from a technical perspective and analyzes the advantages and practical feasibility of innovative credit asset management techniques based on credit derivatives for solving problems. Thus, it aims to improve the constrained environment of bank credit asset management through management innovation, enhance the risk management capabilities and financial resource allocation efficiency of the banking sector by establishing corresponding risk transfer mechanisms, and promote the efficiency of the entire financial system centered on banks.