Ashish Dev

Editors-in-chief: Michael Gordy and Linda Allen

The management of credit risk has become significantly quantitative and depend on data for analytical purposes. These are the focus of articles published in JCR

The Journal of Credit Risk is led by Michael Gordy and Linda Allen from the Federal Reserve Board.

Professor Linda Allen holds the William F. Aldinger Chair in Banking and Finance the Zicklin School of Business, Baruch College, City University of New York. Over the course of a distinguished career, she has lectured and advised all over the world on topics of risk measurement and management, banking trends and financial market development. Professor Allen has published extensively in leading academic journals in finance and economics and is an associate editor of many finance journals, including The Journal of Credit Risk, where she has been an active member of the board since January 2018. Today, her broad areas of research are risk measurement and management, with a specific focus on systemic risk, credit risk and operational risk; the evolution of financial markets and bank regulation; and the organization of financial institutions. She also maintains an active consulting practice for securities litigation. Professor Allen’s most recent book, Credit Risk Measurement In and Out of Crisis: New Approaches to Value at Risk and Other Paradigms, 3rd edition (Wiley, 2010) co-authored with Anthony Saunders describes the global financial crisis that began in 2007, as well as deconstructing credit risk measurement models commonly used by bankers and other finance professionals. She is also the author of Capital Markets and Institutions: A Global View (Wiley, 1997) and co-author of Understanding Market, Credit and Operational Risk (Blackwell, 2004).

Michael Gordy is a Principal Economist at the Federal Reserve Board in Washington, DC. He has held visiting appointments at Princeton and at Indian School of Business, and is a recipient of Risk's 2004 Quant of the Year and GARP's 2003 Financial Risk Manager of the Year awards. Most of his research pertains to the measurement and pricing of credit risk at the single-name and portfolio levels, to the computation and estimation of such models, and to regulatory applications such as minimum capital requirements. In addition to his editorship at The Journal of Credit Risk, Michael serves as an associate editor of the Journal of Banking and Finance, the International Journal of Central Banking, and Global Credit Review. Michael received his PhD in economics from MIT in 1994.

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