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CENTRE FOR COMPUTATIONAL FINANCE AND ECONOMICS AGENTS

(CCFEA) Essex University

Lectures for the course CF907-7-SP

Fixed-Income Asset Pricing, Default Risk, and Credit Ratings – 2008/09


Course Syllabus: Click here.


Topics 1 to 7: Prof. Damiano Brigo

Topic 1 - Single name credit derivatives;

Topic 2 - Single name models: Reduced Form

Topic 3 - Single name models: Structural.

Topic 4- Multi name credit derivatives.

Topic 5- Multi name reduced form models and copulas.

Topic 6- Beyond parametric copulas and dynamic loss models.

Topic 7- Counterparty Risk Valuation.


Exercise sets

Exercise set 1 - Single name products and models;

Exercise set 2 - Stochastic Intensity and Multi-name products;


Slides for the final exam:
Unit 1: 1-39 plus exercise set 1
Unit 2: 1-48, 71-97, 102-104, 109-120, 137 plus exercise sets 1 and 2
Unit 3: 1-9, 13-28, 30-55 plus exercise set 1
Unit 4: 1-39 plus exercise set 2
Unit 5: 1-24, 30-32, 38-45, 47-65, 78-95, 100 plus exercise set 2
Unit 6: 29-35, 37-40, 54-60
Unit 7: All.


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