Karminsky, A.; Kostrov, A. - In: Journal of the New Economic Association 17 (2013) 1, pp. 64-86
Using binary choice logistic regression with quasi panel data (1998-2011) to develop a probability of default model for Russian banks we have found that: 1) there is a quadratic interaction between bank's capital adequacy ratio and its default probability; 2) there is a negative relationship...