Credit Risk Pricing Models: Theory and Practice

Rating:
Summary: Great Overview of Models but a Little Too Academic
Review: This book is an excellent read and should be required reading for any credit trader or risk manager - buy- or sell-side.
The model that is proposed is general enough to be practical but academically rigorous enough to garner respect.
The actual application of the model is a little limited and I lokk forward to further research by the author.
All-in-all - a well structured tour of current models and application of an innovative generalisation of a number of frameworks.