Karminsky, Alexander; Kostrov, Alexander - In: Eurasian Economic Review 4 (2014) 1, pp. 81-98
We compare several models for estimating the default probabilities of Russian banks using national statistics from 1998 to 2011, and find that a binary logit regression with a quasi-panel data structure works best. The results indicate that there is a quadratic U-shaped relationship between a...