منابع مشابه
Dependence of Default Probability and Recovery Rate in Structural Credit Risk Models: Empirical Evidence from Greece
The main idea of this paper is to study the dependence between the probability of default and the recovery rate on credit portfolio and to seek empirically this relationship. We examine the dependence between PD and RR by theoretical approach. For the empirically methodology, we use the bootstrapped quantile regression and the simultaneous quantile regression. These methods allow to determinate...
متن کاملdependence of default probability and recovery rate in structural credit risk models: empirical evidence from greece
the main idea of this paper is to study the dependence between the probability of default and the recovery rate on credit portfolio and to seek empirically this relationship. we examine the dependence between pd and rr by theoretical approach. for the empirically methodology, we use the bootstrapped quantile regression and the simultaneous quantile regression. these methods allow to determinate...
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Sampled-data techniques are the most practical means of obtaining the necessary signal ,processing functions for timing recovery in the VLSI implementation of a digital subscriber loop transceiver. The sampled-data timing recovery techniques described in this paper are applicable to both echo .cancellation-and time-compression multi-plexing systems. Timing recovery using baud-rate sampling in c...
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This paper suggests the use of a prefilter before baud-rate timing recovery [1]. It is shown that the timing phase of the baud-rate timing synchronizer can be set to a desirable timing phase, at which point a digital equalizer performs best, by proper prefiltering. The procedure for the optimal design of such a prefilter is developed under the assumption that the channel impulse response and de...
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We consider a dynamic model in which shareholders delegate a manager, who observes private information about running and liquidation costs of the firm, to operate the firm. We analytically derive the shareholders’ optimal contract contingent on the cost structure of the firm. The information asymmetries change the high-cost firm’s default and liquidation timing. Even if the liquidation value is...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1671303