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proportional hazard model of bankruptcy and Merton's contingent claims approach, we estimate the probability of default for US …. -- credit derivatives ; corporate bankruptcy ; Merton's distance to default …
Persistent link: https://www.econbiz.de/10009011410
When a sovereign faces the risk of debt default, it may be tempted to expropriate the private sector. This may be one reason why international investment in private companies has to take into account the sovereign risk. But the likelihood of sovereign risk transferring to corporates and...
Persistent link: https://www.econbiz.de/10009657607