Structural Vs Reduced Form Models of Credit Risk (CFA Level 2, FRM Part 2, Book 2, Credit Risk)
In this video from the FRM Part 2 curriculum, we explore the differences between two broad categories of credit risk models: Structural Models and Reduced Form Models. We take a look at how each of these type of models work and their respective pros and cons. For more videos on FRM Part 2 preparations, please visit the course page: https://www.finRGB.com/courses/frm-pa....