Economics, Econometrics and Finance
5 years ago

Revolutionizing Banks: Credit Derivatives Transforming Risk Management in Finance

Managing Credit Risk in Banks
Suresh Chandra Bihari

Paper Summary

Credit derivatives are a way for banks to manage the risk of loans not being repaid. This involves transferring the risk to another party for a fee. The goal is to reduce the impact of potential losses on the bank's finances.

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