TY - JOUR T1 - Unresolved Issues in Modeling Credit-Risky Assets JF - The Journal of Fixed Income SP - 68 LP - 87 DO - 10.3905/jfi.2005.523091 VL - 15 IS - 1 AU - Stuart M. Turnbull Y1 - 2005/06/30 UR - https://pm-research.com/content/15/1/68.abstract N2 - 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. ER -