Πιστωτικός κίνδυνος και τιμολόγηση δανείων
Credit risk and pricing of defaultable loans
The main aim of the present dissertation is to study loan pricing models that are subject to credit risk. Initially, the Non-Performing Loans (NPL) indicator analysis is performed and the main empirical literature on the factors affecting this indicator in Greece and the Eurozone is presented. We continue by providing detailed ways of how non-performing loans are solved by credit institutions and listing some credit work out units for their management. Next, some basic pricing models and an implementation for one of them are presented using Microsoft Excel. The fourth and final chapter summarizes the conclusions for the Thesis.