000			01628nam a22002057a 4500
999			_c2898 _d2898
005			20220719111942.0
008			220719b ||||| |||| 00| 0 eng d
020			_a9783030702878
082			_a658.15 _bFRA
100			_aFranzetti, Claudio _97744
245			_aPricing export credit: a concise framework with examples and implementation code in R
260			_bSpringer _aSwitzerland _c2021
300			_axxvi, 246 p.
365			_aEURO _b56.99
520			_aAbout this book 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.
650			_aPricing _9452
650			_aExport Credit _97745
650			_aMachine Learning _92343
942			_2ddc _cBK