Elizalde, Abel (contributor) - 2006
to zero, be-
cause the asset value process needs time to reach the default point. The knowledge of
the distance of … proposed in the literature. The predictability of default comes from the assump-
tion of investors’ perfect knowledge of the …), Moraux (2004), and Galai, Raviv and Wiener (2005) put forward
(the first to the best of our knowledge) theoretical LPM …