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Credit from Ancient to Modern Times
• Usury in the Ancient World
• Almsgiving versus Usury
• The Two-Sided Attitude of the Church
• The Cleavage of the Reformation
• The Hypocritical Masks of the Ancien Régime
• The Contrast of the Enlightenment
• Toward an Economic Concept
• Consumer Credit in Contemporary Societies
• The American Way
• European Ways
• Are We Overindebted?
| Price | Condition | Delivery | Seller | Action |
| $155.00 | Digital |
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Kenneth Shadford
reviewed The History Of Consumer Credit on April 29, 2020
The History Of Consumer Credit
Banks want to optimize Economic Profit, i.e. Adjusted Net Income - Economic Capital x Required Return on Capital
Economic Capital is risk-based, and includes credit risk (around Tail), market risk (around Mean) and operational risk.
Credit risk comes from the credit default loss. It depends on default probability and default correlation. One way to estimate credit risk capital is to simulate asset value (based on their return distribution and correlation assumption) and count defaults under all scenarios. The output is portfolio's future value distribution, after accounting for default loss. Should include loss from spread widening or rating downgrade too.
Market risk is VaR based.
Three types of risk attribution: standalone, which is used to evaluate managers' performance; marginal attribution, which is often used in acquisitions or divestitures; diversified capital, which is based on each part's beta to the portfolio. The sum of standalone attribution is bigger than the total capital requirement, the sum of marginal attribution smaller, and the sum of diversified capital is exactly the total capital.
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Add The History Of Consumer Credit, From the early forms of loans to farmers up to present day credit cards, consumer credit has always been part of human life; however, ever since the Bible, controversy has reigned as to its legitimacy. It is the history of this controversy that is pr, The History Of Consumer Credit to the inventory that you are selling on WonderClubX
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Add The History Of Consumer Credit, From the early forms of loans to farmers up to present day credit cards, consumer credit has always been part of human life; however, ever since the Bible, controversy has reigned as to its legitimacy. It is the history of this controversy that is pr, The History Of Consumer Credit to your collection on WonderClub |
