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stand-alone agencies, though, a majority of bank supervisors are part of a central bank. The survey asked respondents about … accountability. Most agencies reported having operational independence. Bank supervisors were unique in viewing financial stabili …
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Intro -- Contents -- I. INTRODUCTION -- II. THE BASIC MODEL SETTING -- III. MODEL 1: A SIMPLE MODEL WITH NON-RANDOM DEFAULT PROBABILITIES -- IV. INTRODUCING THE POISSON APPROXIMATION -- V. MODEL 2: THE MODEL WITH KNOWN PROBABILITIES REVISITED -- VI. MODEL 3: THE MODEL WITH RANDOM DEFAULT...
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