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Risks and Rewards in Credit Markets

Risks and Rewards in Credit Markets

Corporate credit risk refers to the risk that a firm may default on its debt obligations, and the uncertainty regarding the fraction of notional recovered at default. Variations in credit risk are a major source of risk for financial institutions and investors. Our guest speaker, Professor Antje Berndt, will discuss the degree of variation in the price of insurance against credit risk, across firms and over time, and how it relates to expected default losses.

About the Presenter

Professor Antje Berndt joined the ANU Research School of Finance, Actuarial Studies and Statistics (RSFAS) as a Professor in Finance in July 2017. Her research focuses on the theoretical and empirical analysis of different sources of delinquency risk: corporate credit risk, mortgage default risk and fiscal risk. She has published in leading finance and economics journals, and her work has been featured in the Wall Street Journal and on CNBC Squawk Box, NPR Market Place and Reuters. She has presented at NBER workshops, the AFA, WFA, EFA and SED annual meetings, and in nearly 50 invited seminars.

Prof. Berndt was the recipient of the PNC Professorship in Computational Finance, GARP Research Management Award, Fulbright Enterprise Scholarship, Moody's Research Award, and NSF and NSA funding. She holds a PhD from Stanford University and an MA from Columbia University. Prior to joining RSFAS, Prof. Berndt held academic appointments at NC State University, Carnegie Mellon University, and Cornell University.

Updated:   22 March 2018 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team