Boissay, Frederic (contributor) - 2006
on the business cycle and the underlying economic scenario). Looking at the macroeconomic level, I find that defaults on … reached a high of 0.9% to 2.3% of GDP (depending on the underlying economic scenario) before the recession of 2001. The … on the
business cycle and the underlying economic scenario). Looking at the macroeconomic level, I
find that defaults on …