About the book
Credit risk remains the most important and frequent risk in commercial bank activities. In order to survive in the long-term credit risk management, banks are trying to maintain credit risk exposure within proper and acceptable parameters. However, the lessons learned from the 2008 financial crisis indicated the need for re-evaluation of the credit risk management systems and models that are used by commercial banks.
The aim of this book is to cover various aspects of credit risk. First, it intends to present different elements of credit risk, including determinants of credit risk, the causes of credit risk, its advantages and disadvantages, as well as international perspective in terms of credit risk. Furthermore, the book aims to provide today's most up-to-date techniques and models for identification, measurement, monitoring, and controlling credit risk exposure. It will include the analysis of new sophisticated methods for credit risk measurement, information about the newest modeling tools for managing credit risk, assessment of alternative approaches to credit risk modeling, etc. Industry 4.0 technologies can be an important and valuable source of information also for risk management and risk prevention. Therefore chapters related to the information on how Industry 4.0 can help by the credit risk management process are also expected. A special place in the book will be dedicated to the case studies adapted from real-life examples. This book will be useful for bankers and other financial decision-makers as well as for a wide spectrum of academics and practitioners in credit risk.