Duan, J.-C.; Simonato, J.-G. - HEC Montréal (École des Hautes Études Commerciales) - 1998
This paper uses the transformed data method proposed in Duan (1994) to develop a maximum likelihood procedure for the estimation of the deposit insurance pricing model of Duan, Moreau and Sealey (1995). An empirical analysis is carried out on ten large US banks to illustrate the proposed...