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Persistent link: https://www.econbiz.de/10013488330
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 …
Persistent link: https://www.econbiz.de/10005870073
Persistent link: https://www.econbiz.de/10001464685
In the view of most policymakers and economists,competition in retail banking takes place in localmarkets covering a relatively small geographic area.Banks are thought to design their services and settheir loan and deposit rates in response to the supply anddemand conditions prevailing in a...
Persistent link: https://www.econbiz.de/10005870100
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 …
Persistent link: https://www.econbiz.de/10005870272
We consider a general equilibrium model with frictions in credit markets used by households. Inour economy, houses …
Persistent link: https://www.econbiz.de/10005870369
This study examines a problem of fiscal deficits based on the Ottoman budget of 1275 A.H. (March 1859–February 1860).1 In this period, state debt amassed rapidly due to increased market loans abroad. In order to evaluate the credibility of the Ottoman government for a new loan, Lord Hobart and...
Persistent link: https://www.econbiz.de/10005870571
This paper is a case study about investor behaviour of the government of Berne on capital markets in the 18th century, focussing mainly on London. Economic theory about principal-agent problems and portfolio administration will be used to analyse quantitative and qualitative data from government...
Persistent link: https://www.econbiz.de/10005870577
During the two decades after the Second World War, international tradeexpanded at its most rapid pace of the twentieth century. Between 1948 and1968, the total volume of merchandise exports from non-communist countriesgrew by a remarkable 290 percent. 2 And the growth of world trade during...
Persistent link: https://www.econbiz.de/10005870594
This paper discusses the problems that arise from interest subsidies in the UK system of student loans; systems in other countries, for example Australia and New Zealand, face similar problems. The topic appears to be narrow and technical, and of significance only to the most nerdy of...
Persistent link: https://www.econbiz.de/10005871051