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This paper examines the role of accounting, market and macroeconomic information in explaining the cross-sectional variation of credit default swap spreads. The study proposes a panel FAVAR methodological approach to combine the additional predictions from a long list of accounting, market and...
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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
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stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …
Persistent link: https://www.econbiz.de/10011244923
. This explains the phenomenon of irregularly high early-stage default and prepayment rates observed in residential mortgage … lending in China, where there are few, if any, financial incentives for mortgage borrowers to exercise either put or call … spot market. However, currently Chinese mortgage banks charge the same rate to all mortgage borrowers. This inefficiency in …
Persistent link: https://www.econbiz.de/10010866982
Recent history suggests that many boom–bust cycles are naturally driven by linkages between the credit market and asset prices. Additionally, new structured securities have been developed, e.g., MBS, CDOs, and CDS, which have acted as instruments of risk transfer. We show that there is a...
Persistent link: https://www.econbiz.de/10010576931
Recent history suggests that many boom-bust cycles are naturally driven by linkages between the credit market and asset prices. Additionally, new structured securities have been developed, e.g., MBS, CDOs, and CDS, which have acted as instruments of risk transfer. We show that there is a certain...
Persistent link: https://www.econbiz.de/10011124046