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Found 1 from your keywords: author="Edward I. Altman, Anth...

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Credit risk measurement: Developments over the last 20 years

Abstract This paper traces developments in the credit risk measurement literature over the last 20 years. The paper is essentially divided into two parts. In the ®rst part the evolution of the literature on the credit-risk measurement of individual loans and portfolios of loans is traced by way of reference to articles appearing in relevant issues of the Journal of Banking and Finance and…

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