Fundamentals-Based Estimation of Default Probabilities - A Survey
Electronic Access:
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Summary:
This survey reviews a number of different fundamentals-based models for estimating default probabilities for firms and/or industries, and illustrates them with real applications by practitioners and policy making institutions. The models are especially useful when the firms analyzed do not have publicly traded securities or secondary market prices are unreliable because of low liquidity.
Series:
Working Paper No. 2006/149
Subject:
Business cycles Credit Credit ratings Econometric models Loans
English
Publication Date:
June 1, 2006
ISBN/ISSN:
9781451864090/1018-5941
Stock No:
WPIEA2006149
Pages:
20
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