PT  - JOURNAL ARTICLE
AU  - Stuart M. Turnbull
TI  - Unresolved Issues in Modeling Credit-Risky Assets
AID  - 10.3905/jfi.2005.523091
DP  - 2005 Jun 30
TA  - The Journal of Fixed Income
PG  - 68--87
VI  - 15
IP  - 1
4099  - https://pm-research.com/content/15/1/68.short
4100  - https://pm-research.com/content/15/1/68.full
AB  - Many unresolved issues in the modeling and calibration of credit-risky instruments directly affect pricing and risk management, from the modeling of the determinants of recovery rates, credit spreads, contagion, and default dependence, to the testing of models. This compendium describes the current state of understanding in these different areas and identifies various unresolved issues.