Aggregate Bankruptcy Rates and the Macroeconomic Environment: Forecasting Systematic Probabilities of Default
نویسندگان
چکیده
منابع مشابه
Investigating The Asymmetric Effects of Macroeconomic Variables on Bank Default Rates During High and Low Default Periods
In recent decades, the high rate of inflation has been one of the concerns of Iran's economy, and one of the main causes of inflation has been the imbalance of banks. The level of non-current claims of banks has been increasing due to the economic recession, credit facilities and the lack of optimal allocation of facilities, and therefore it has unbalanced the balance sheets of banks, hence the...
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چکیده ندارد.
15 صفحه اولDefault and aggregate income
This paper studies how default varies with aggregate income. We analyze a model in which optimal contracts enable risk sharing of privately observed, idiosyncratic income by allowing for default. Default provisions allow agents with low idiosyncratic income realizations to repay less and thus provide insurance. Default penalties ensure that only these agents default. We show that default can oc...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1025805