𝔖 Bobbio Scriptorium
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DEFAULT RISK IN IMPLICIT CONTRACT MODELS OF THE CREDIT MARKET

✍ Scribed by NILSS OLEKALNS; HUGH SIBLY


Book ID
115212372
Publisher
John Wiley and Sons
Year
1994
Tongue
English
Weight
434 KB
Volume
33
Category
Article
ISSN
0004-900X

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Statistical Inference on the Default Pro
✍ Yong ZHOU; Shangyu XIE; Yuan YUAN πŸ“‚ Article πŸ“… 2008 πŸ› Elsevier βš– 241 KB

Reduced form model is one of the most popular models for studying credit risks. The key parameter in these models is the default probability. Under the assumption that default is exogenous, it is quite easy to compute the default probability through a statistical model. In this article, we argue tha