【摘要】 近年来 ,随着国际金融环境变化 ,金融机构对于信用风险管理更加重视。本文首先简单回顾了现代违约证券估价理论的发展 ,然后着重对市场上三种主要信用风险度量和管理方法 :CreditMetrics模型、KMV模型和CreditRisk +模型进行比较分析 ,阐述了它们的基本原理与相应优缺点。更多还原

【Abstract】 Recently,as the international financial environment changes,the western financial institutions pay more attention to the management of credit risk. Firstly,this paper briefly reviews the development of modern valuation models for default-risky securities. Then the paper makes a comparative analysis of current main three methods of credit risk measurement and management:CreditMetrics model,KMV model and CreditRisk+ model,explains basic principles,advantages and disadvantages of these methods.更多还原