distribution arising from correlated credit eventsfor any arbitrary portfolio of counterparty exposures, downto the individual … and credit migrations.1 Theimportance of tabulating the exact loss distribution ishighlighted by the fact that … that managementfaces a distribution of potential losses rather than asingle potential loss. In order to define credit risk …

individual homeowner credit histories to the loan-levelanalysis of the factors influencing the probability that a homeownerwill … refinance. In addition to credit histories, we includein the analysis changes in individual homeowner’s equity and inthe overall …

We consider a general equilibrium model with frictions in credit markets used by households. Inour economy, houses … a structural change in creditmarkets that lowers the transaction costs of additional borrowing against housing equity …

).1 In this period, state debt amassed rapidly due to increased market loans abroad. In order to evaluate the credibility of … money was an immediate problem, rather than fiscal policies causing the fiscal deficits and internal debt. Their conclusion …

policy options that result from charging an interest rate related to the government’s cost of borrowing.[...] …