LEADER 05411nam 22007094a 450 001 9910145030703321 005 20170815123204.0 010 $a1-119-20189-6 010 $a1-280-31180-0 010 $a9786610311804 010 $a0-471-78719-1 035 $a(CKB)1000000000239362 035 $a(EBL)251667 035 $a(OCoLC)137230203 035 $a(SSID)ssj0000132209 035 $a(PQKBManifestationID)12018653 035 $a(PQKBTitleCode)TC0000132209 035 $a(PQKBWorkID)10038524 035 $a(PQKB)10783043 035 $a(MiAaPQ)EBC251667 035 $a(CaSebORM)9780471778622 035 $a(EXLCZ)991000000000239362 100 $a20050826d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 04$aThe credit market handbook$b[electronic resource] $eadvanced modeling issues /$fH. Gifford Fong, Editor 205 $a1st edition 210 $aHoboken, N.J. $cWiley$dc2006 215 $a1 online resource (254 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 $a0-471-77862-1 320 $aIncludes bibliographical references and index. 327 $aThe Credit Market Handbook; Contents; Introduction; Executive Chapter Summaries; CHAPTER 1 ESTIMATING DEFAULT PROBABILITIES IMPLICIT IN EQUITY PRICES; CHAPTER 2 PREDICTIONS OF DEFAULT PROBABILITIES IN STRUCTURAL MODELS OF DEBT; CHAPTER 3 SURVEY OF THE RECENT LITERATURE: RECOVERY RISK; CHAPTER 4 NON-PARAMETRIC ANALYSIS OF RATING TRANSITION AND DEFAULT DATA; CHAPTER 5 VALUING HIGH-YIELD BONDS: A BUSINESS MODELING APPROACH; CHAPTER 6 STRUCTURAL VERSUS REDUCED-FORM MODELS: A NEW INFORMATION-BASED PERSPECTIVE 327 $aCHAPTER 7 REDUCED FORM VERSUS STRUCTURAL MODELS OF CREDIT RISK: A CASE STUDY OF THREE MODELSCHAPTER 8 IMPLICATIONS OF CORRELATED DEFAULT FOR PORTFOLIO ALLOCATION TO CORPORATE BONDS; CHAPTER 9 CORRELATED DEFAULT PROCESSES: A CRITERION-BASED COPULA APPROACH; Chapter 1: Estimating Default Probabilities Implicit in Equity Prices; 1. INTRODUCTION; 2. THE MODEL STRUCTURE; 3. DESCRIPTION OF THE DATA; 4. ESTIMATION OF THE STATE VARIABLE PROCESS PARAMETERS; 5. EQUITY RETURN ESTIMATION; 6. ANALYSIS OF THE TIME SERIES PROPERTIES OF THE PARAMETERS 327 $a7. ANALYSIS OF FAMA-FRENCH FOUR-FACTOR MODEL WITH NO DEFAULT8. ANALYSIS OF A BUBBLE COMPONENT (P/E RATIO) IN STOCK PRICES; 9. ANALYSIS OF THE DEFAULT INTENSITY; 10. RELATIVE PERFORMANCE OF THE EQUITY RETURN MODELS; 11. COMPARISON OF DEFAULT INTENSITIES BASED ON DEBT VERSUS EQUITY; 12. CONCLUSIONS; NOTES; REFERENCES; APPENDIX; Chapter 2: Predictions of Default Probabilities in Structural Models of Debt; 1. INTRODUCTION; 2. RECENT EMPIRICAL STUDIES; 3. STRUCTURAL MODELS AND DEFAULT RISK; 4. THE DEFAULT BOUNDARY IN EXOGENOUS AND ENDOGENOUS CASES 327 $a5. THE DEFAULT PROBABILITY WITH CONSTANT DEFAULT BARRIER6. CALIBRATION OF MODELS: THE BASE CASE; 7. MATCHING EMPIRICAL DEFAULT FREQUENCIES WITH THE L-T MODEL; 8. MATCHING EMPIRICAL DPS WITH THE L-S MODEL; 9. THE MOODY'S-KMV APPROACH; 10. SOME PRELIMINARY THOUGHTS ON THE RELATIONSHIP BETWEEN THE KMV APPROACH AND L-S/L-T; 11. CONCLUSIONS; ACKNOWLEDGMENTS; POSTSCRIPT; APPENDIX; NOTES; REFERENCES; Chapter 3: Survey of the Recent Literature: Recovery Risk; 1. INTRODUCTION; 2. EMPIRICAL ATTRIBUTES; 3. RECOVERY CONVENTIONS; 4. RECOVERY IN STRUCTURAL MODELS; 5. RECOVERY IN REDUCED-FORM MODELS 327 $a6. MEASURE TRANSFORMATIONS7. SUMMARY ANDSPECULATION; REFERENCES; Chapter 4: Non-Parametric Analysis of Rating Transition and Default Data; 1. INTRODUCTION; 2. DATA AND OUTLINE OF METHODOLOGY; 3. ESTIMATING TRANSITION INTENSITIES IN TWO DIMENSIONS; 4. ONE-DIMENSIONAL HAZARDS AND MARGINAL INTEGRATION; 5. CONFIDENCE INTERVALS; 6. TRANSITIONS: DEPENDENCE ON PREVIOUS MOVE AND DURATION; 7. MULTIPLICATIVE INTENSITIES; 8. CONCLUDING REMARKS; ACKNOWLEDGMENTS; NOTES; REFERENCES; Chapter 5: Valuing High-Yield Bonds: A Business Modeling Approach; 1. INTRODUCTION; 2. SPECIFICATION OF THE MODEL 327 $a3. A NUMERICAL ILLUSTRATION 330 $aIn The Credit Market Handbook, financial expert and Editor H. Gifford Fong has assembled a group of prominent professionals and academics familiar with the credit arena. In each chapter, a different expert analyzes a different issue related to today's dynamic credit market, including portfolio credit risk, valuation models, and the importance of modeling credit default.In bringing together these noted authors and their work, Fong provides you with a rich framework of research in the area of credit analysis. Some of the topics discussed within this comprehensive guide include:* Esti 410 0$aWiley finance series. 606 $aCredit$xMathematical models 606 $aRisk management$xMathematical models 606 $aDefault (Finance)$xMathematical models 608 $aElectronic books. 615 0$aCredit$xMathematical models. 615 0$aRisk management$xMathematical models. 615 0$aDefault (Finance)$xMathematical models. 676 $a332.7 676 $a332.701 700 $aFONG$b H.$0968015 701 $aFong$b H. Gifford$0594727 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910145030703321 996 $aThe credit market handbook$92198474 997 $aUNINA LEADER 05909oam 2200769Ka 450 001 9910790024603321 005 20190503073402.0 010 $a0-262-30045-1 010 $a1-280-49921-4 010 $a9786613594440 010 $a0-262-30124-5 024 8 $a9786613594440 024 8 $a40020695863 035 $a(CKB)2670000000151568 035 $a(EBL)3339392 035 $a(SSID)ssj0000681710 035 $a(PQKBManifestationID)11406176 035 $a(PQKBTitleCode)TC0000681710 035 $a(PQKBWorkID)10654912 035 $a(PQKB)10682776 035 $a(MiAaPQ)EBC3339392 035 $a(OCoLC)778565980 035 $a(MdBmJHUP)muse24509 035 $a(OCoLC)778565980$z(OCoLC)785783158$z(OCoLC)795631962$z(OCoLC)961489735$z(OCoLC)962625822$z(OCoLC)966200939$z(OCoLC)969965430$z(OCoLC)988431238$z(OCoLC)988437511$z(OCoLC)991994192$z(OCoLC)994926078$z(OCoLC)1037905663$z(OCoLC)1038657901$z(OCoLC)1055327567$z(OCoLC)1064773285$z(OCoLC)1081204254 035 $a(OCoLC-P)778565980 035 $a(MaCbMITP)8559 035 $a(Au-PeEL)EBL3339392 035 $a(CaPaEBR)ebr10534379 035 $a(CaONFJC)MIL359444 035 $a(EXLCZ)992670000000151568 100 $a20120228d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aProgressive enlightenment $ethe origins of the gaslight industry, 1780-1820 /$fLeslie Tomory 210 $aCambridge, Mass. $cMIT Press$dİ2012 215 $a1 online resource (361 p.) 225 1 $aTransformations : studies in the history of science and technology 300 $aDescription based upon print version of record. 311 $a0-262-01675-3 320 $aIncludes bibliographical references and index. 327 $aContents; Preface; Abbreviations; Introduction; Part I. The Roots of Gas Lighting; Chapter 1. Gas Lighting and Pneumatic Chemistry; 1.1 Introduction; 1.2 A Gas Plant of the Early Nineteenth Century; 1.3 Pneumatic Chemistry, 1650-1790; 1.4 Apparatus and Techniques of Pneumatic Chemistry, 1700-1790; 1.5 Lighting with Gas; 1.6 Conclusion; Chapter 2. Industrial Distillation; 2.1 Introduction; 2.2 Industrial Distillation; 2.3 Philippe Lebon and the Thermolamp; 2.4 Zachaeus Winzler and the Thermolamp in Germany; 2.5 Technological Bifurcation; 2.6 Conclusion; Part II. A Question of Scale 327 $aChapter 3. Boulton & Watt3.1 Introduction; 3.2 From Invention to the First Pilot Plant; 3.3 Finding a New Market in 1806; 3.4 Design Work; 3.5 The End of Gas Lighting at Boulton & Watt; 3.6 Conclusion; Part III. Building a Network; Chapter 4. Frederick Winsor and the National Light and Heat Company; 4.1 Introduction; 4.2 Winsor and the Thermolamp, 1802-1804; 4.3 The Campaign of 1806-07 and the First General Meeting of 1807; 4.4 Boulton & Watt and the Royal Society, 1808; 4.5 The Parliamentary Battle of 1809; 4.6 Despair, Recovery, and Final Success, 1809-1812; 4.7 Conclusion 327 $aChapter 5. The Gas Light and Coke Company5.1 Introduction; 5.2 The New Company; 5.3 Building a Network, 1814-1820; 5.4 Outside the Company: Users and Fitters; 5.5 Conclusion; Conclusion; A New Phase of the Industrial Revolution; Questions about the Industrial Revolution; Business and Entrepreneurship; Builders, Mediators, and Users; Technological Networks; Notes; Bibliography; Index 330 $aAn argument that the gas industry was the first integrated large-scale technological network and that it signaled a new wave of industrial innovation.In Progressive Enlightenment, Leslie Tomory examines the origins of the gaslight industry, from invention to consolidation as a large integrated urban network. Tomory argues that gas was the first integrated large-scale technological network, a designation usually given to the railways. He shows how the first gas network was constructed and stabilized through the introduction of new management structures, the use of technical controls, and the application of means to constrain the behavior of the users of gas lighting.Tomory begins by describing the contributions of pneumatic chemistry and industrial distillation to the development of gas lighting, then explores the bifurcation between the Continental and British traditions in distillation technology. He examines the establishment and consolidation of the new industry by the Birmingham firm Boulton & Watt, and describes the deployment of the network strategy by the entrepreneur Frederick Winsor. Tomory argues that the gas industry represented a new wave of technological innovation in industry because of its dependence on formal scientific research, its need for large amounts of capital, and its reliance on business organization beyond small firms and partnerships--all of which signaled a departure from the artisanal nature and limited deployment of inventions earlier in the Industrial Revolution. Gas lighting was the first important realization of the Enlightenment dream of science in the service of industry. 410 0$aTransformations (M.I.T. Press) 606 $aGas-lighting$zGreat Britain$xHistory 606 $aGas light fixtures industry$zGreat Britain$xHistory 606 $aDistillation$xResearch$zEurope$xHistory 606 $aIndustrial revolution$zEurope 610 $aSCIENCE, TECHNOLOGY & SOCIETY/General 610 $aSCIENCE, TECHNOLOGY & SOCIETY/History of Technology 610 $aSCIENCE, TECHNOLOGY & SOCIETY/History of Science 615 0$aGas-lighting$xHistory. 615 0$aGas light fixtures industry$xHistory. 615 0$aDistillation$xResearch$xHistory. 615 0$aIndustrial revolution 676 $a338.4/79621324094109033 700 $aTomory$b Leslie$f1974-$0788702 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910790024603321 996 $aProgressive enlightenment$93867689 997 $aUNINA