12. Discuss some of the difficulties and advantages of using quantitative modeling as risk management tools, 13. Define liquidity for corporations using the firm's balance sheet as your framework for explaining liquidity. Explain liquidity as it relates to evaluating a single asset. 14.Explain the differences between "company specific" and systemic liquidity risk How are they connected with each other? 15.Explain the various tools banks can use to manage liquidity risk. How can we measure liquidity risk for a bank? 16. Describe the methods used to measure and to manage credit risk at the individual loan/bond level 17.What is the role of rating agencies in the credit risk management process? 12. Discuss some of the difficulties and advantages of using quantitative modeling as risk management tools, 13. Define liquidity for corporations using the firm's balance sheet as your framework for explaining liquidity. Explain liquidity as it relates to evaluating a single asset. 14.Explain the differences between "company specific" and systemic liquidity risk How are they connected with each other? 15.Explain the various tools banks can use to manage liquidity risk. How can we measure liquidity risk for a bank? 16. Describe the methods used to measure and to manage credit risk at the individual loan/bond level 17.What is the role of rating agencies in the credit risk management process