The aim of this research was to build a developed market credit risk model and adapt it for the understanding and estimation of consumer credit losses in the emerging market of South Africa. The developed market of the ...
The banking sector is an important industry that needs to be safeguarded because its failure is bound to have a negative knock-on effect on the economy at large. The 2007-2009 financial crises were occasioned by banks ...
With the exception of holders of default-free instruments, a key risk run by investors
is credit risk. To meet the need of investors to hedge this risk, the market uses credit
derivatives.
The South African credit ...