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 …

length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …

, researchersand regulatory agencies assessing the effects of bank mergerson competition will examine the degree to whichdeposits in a …

Bank supervisors have long recognized two types of shortcomingsin the Basle Accord’s risk-based capital (RBC …)framework. First, the regulatory measures of “capital” maynot represent a bank’s true capacity to absorb unexpectedlosses. Deficiencies …

profit margins and stable export sales when the valueof the yen fluctuates. We find that Japanese firms tend tostrike a … the extent of these changes byaltering their profit margins. For Japanese exporters producingindustrial machinery … percentdecline in export margins (relative to the margins on goodssold in Japan) when other factors are held constant. Thatis …

(subtitled “A Study in the Development of Public Credit 1688-1756” directed attention to the economic and geopolitical …

supply of motivated workers makes the non-profit form more attractive tomanagers. We show that if firms had to compete for … motivated workers then not-for-profit firms would becompeted out by for-profit firms. Therefore, in the choice between not-for-profit … and for-profit provision, otherthan incentive problems, the distribution of rents between management and workers, and …

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 …