<![CDATA[The Merton Model of Risky Debt: Confessions of a Former True Believer]]>

0 <![CDATA[The Merton Model of Risky Debt: Confessions of a Former True Believer]]> http://kamakuraco.com/Company/ExecutiveProfiles/DonaldRvanDeventerPhD/KamakuraBlog/tabid/231/EntryId/98/The-Merton-Model-of-Risky-Debt-Confessions-of-a-Former-True-Believer.aspx In the mid 1980s at First Interstate, I participated in serious discussions about how the Merton model of risky debt could be used to diversify credit risk. In the early 1990s, I actively mar ...]]> en-US