Unlimited

Authorized users

Can lend chapters, not whole ebooks

Pricing export credit : a concise framework with examples and implementation code in R / Claudio Franzetti.

9783030702854 (electronic bk.)
3030702855 (electronic bk.)
3030702847
9783030702847

Cham : Springer, 2021.

English

1 online resource

10.1007/978-3-030-70285-4 doi

HG3753

332.7/42

Pricing of export credit is a challenge in the globalised world trade. Annual premia represent billions of euros or dollars and may determine competition. This book develops a rigorous new framework for pricing export credit products, e.g. buyer and supplier credit insurance and performance and working capital guarantees, based on well-known financial and actuarial theories. It introduces the products, the theories and the different data sources in order to apply the mathematical and financial ideas, e.g. discounting, risk-neutral valuation and Merton type defaults. It shows the differences of historical experience and implicit market pricing assumptions. The well-known OECD Arrangement is used as a benchmark for some part of the framework. Short code snippets in R are given in order to re-perform the results and have a basis to try own ideas. Many unprecedented exhibits give new insights into the subject matter. The book is targeted at practitioners and actuaries in the field with a good quantitative background.

Includes bibliographical references and index.

Access limited to authorized users.

Online resource; title from PDF title page (SpringerLink, viewed May 12, 2021).

Management for professionals, 2192-8096

Online Resources > Ebooks
All Resources