Moody's Credit Markets Research Fund was established to promote the study of
capital markets and credit related topics within the academic community.
Moody's has a long tradition of supporting academic research in the financial
markets and has maintained active ties to the academic community through
collaboration and support of research initiatives. In 2001, Moody's began to
structure a formal program for sponsoring promising new research in a variety
of areas related to credit risk and financial markets. This program has evolved
to become Moody's Credit Markets Research Fund (Moody's CMRF).
The philosophy of the fund is to provide resources to distinguished researchers
engaged in innovative research projects of general interest to the academic and
professional finance communities. Recognizing the importance of education as
critical to the success of our business and the public in general, our goal in
establishing this fund is to facilitate the implementation and publication of
new research and in so doing extend the knowledge and literature of the broader
finance community.
Moody's CMRF provides monetary grants to researchers at universities and other
academic organizations in the form of stipends and other assistance for
specific research projects. Topics of interest to the committee include
research on:
credit risk and analysis
default risk
asset valuation
capital and credit markets
market microstructure
derivatives (especially credit derivatives)
regulatory practices
econometric and statistical methods for credit analytics
portfolio theory
performance attribution
microfinance
institution risk
Grants awarded in
recent years funded research on "Clientele Change, Liquidity Shock,
and the Return of Financially Distressed Stocks"; "Unified Modeling of
Corporate Debt, Equity Derivatives and Credit Derivatives"; "Do Observed
Factors Explain the Dynamics of Credit Spreads"; "Toward Understanding of the
Credit Risk Pricing".
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