RT Journal Article SR Electronic T1 Unresolved Issues in Modeling Credit-Risky Assets JF The Journal of Fixed Income FD Institutional Investor Journals SP 68 OP 87 DO 10.3905/jfi.2005.523091 VO 15 IS 1 A1 Stuart M. Turnbull YR 2005 UL https://pm-research.com/content/15/1/68.abstract 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.