Castagnetti, Carolina (contributor); … - 2006
variable represents both a
proxy for, the so called, ight to quality ows and a proxy for business cycle.
From one side, a … rating upgrading and
downgrading of global corporate bond indices.
7. Changes in the Business Climate. Even if the … rate. The expected recovery rate in turn should be a
function of the overall state business climate. We use stock indices …