Brings you up to date. Shows how to observe and manage credit risk.

Here I recommend how to avoid failure

Shows a new approach for disease analysis/modeling while side stepping issues when statistical methods breakdown. This landmark paper is the first paper ever to mathematically/statistically, relate negative stress to disease symptoms. Expect this paper to change how we view diseases. 

Market savvy management of Residential & Commercial Property Mortgages. Can reduce defaults by up to 70%.

The primary purpose for examining data is to be able to make good decisions. This requires the ability to build, not just a model, but a knowledge domain from the data. 

The primary purpose of modeling is to be able to make good decisions. Having spent a decade in CMBS stress testing, in this monograph, I examine credit and default risk, that is, take it apart and deconstruct these concepts and show that defaults are easy to define but difficult to measure, but more importantly default risk cannot be used to determine credit risk.

SeekingAlpha.com, December 27, 2018