Hjelseth, Ida Nervik; Arbatli, Elif; Solheim, Haakon; … - 2020
are therefore important in the assessment of financial stability. This paper presents Norges Bank's framework for … estimating losses on corporate loans built up from microdata for each firm and loan in each bank. Losses are estimated using a … statements. This is then used to project firms' bankruptcy probabilities using Norges Bank's bankruptcy probability model (KOSMO …