Title: Extremely interesting but quite technical (useful errata)
Product review: I enjoyed this book. It goes over many of the credit risk theories that I had only heard of or skimmed through before. The presentation is very clear and successful. Some typos at the beginning of the book are too bad but the errata on the author's web site is useful, especially for the chapter on Merton. The book seems very complete and very detailed, much more than the other books around. A very useful addition, especially with the available errata for the typos concentrated at the beginning. I believe our current credit risk systems are so out of date with the advanced theories as presented in the book... Things will change...
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