increased moderately. This de-leveraging effect is stronger for firms exposed to significant rollover risk, while firms whose …

This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of … Distress'. Overall, most U.S. mutual funds are resilient yet high yield (HY) and loan funds would face a liquidity shortfall …

This paper suggests a novel approach to assess corporate sector solvency risk. The approach uses a Bottom-Up Default … Analysis that projects probabilities of default of individual firms conditional on macroeconomic conditions and financial risk … extended with credit portfolio techniques, the approach can also assess the aggregate impact of changes in firm solvency risk …