The credit derivatives market is booming and, for the first time,expanding into the banking sector which previously has had verylittle exposure to quantitative modeling. This phenomenon hasforced a large number of professionals to confront this issue forthe first time. Credit Derivatives Pricing Models providesan extremely comprehensive overview of the most current areas incredit risk modeling as applied to the pricing of creditderivatives. As one of the first books to uniquely focus onpricing, this title is also an excellent complement to other bookson the application of credit derivatives. Based on proventechniques that have been tested time and again, this comprehensiveresource provides readers with the knowledge and guidance toeffectively use credit derivatives pricing models. Filled withrelevant examples that are applied to real-world pricing problems,Credit Derivatives Pricing Models paves a clear path for abetter understanding of this complex issue. Dr. Philipp J. Schönbucher is a professor at the Swiss FederalInstitute of Technology (ETH), Zurich, and has degrees inmathematics from Oxford University and a PhD in economics from BonnUniversity. He has taught various training courses organized by ICMand CIFT, and lectured at risk conferences for practitioners oncredit derivatives pricing, credit risk modeling, andimplementation.