To evaluate loan applicants, banks increasingly use credit scoring models. The objective of such models typically is to … multiperiod contracts for which reason it is important for banks not only to know if but also when a loan will default. In this … applicants with short survival times from those with long survivals. The bank’s loan provision process is shown to be ineffcient …

been given a central role. Although much research has been done on external ratings, much less is known about banks … the complete business loan portfolios of two Swedish banks and a credit bureau over the period 1997-2000. We study rating … portfolio with identical counterparts, substantial differences in the implied riskiness between banks. Such differences could …

equation we model the bank´s decision to grant a loan, in the second the probability of default. We confirm that banks provide …

To evaluate loan applicants, banks use a large variety of systems. The objective of such credit scoring models … affective tool to separate applicants with short survival times from those with long survivals The bank´s loan provision process … time maximization. There is thus no trade-off between higher default risk and higher return in the policy of banks. …

banks using a non-parametric Monte Carlo re-sampling method following Carey [1998]. Our results are based on a panel data … set containing both loan and internal rating data from the banks’ complete business loan portfolios over the period 1997 … businesses in the sample is rated by both banks, we can generate loss distributions for SME, retail and corporate credit …

banks using a non-parametric Monte Carlo re-sampling method following Carey [1998]. Our results are based on a panel data … set containing both loan and internal rating data from the banks' complete business loan portfolios over the period 1997 … businesses in the sample is rated by both banks, we can generate loss distributions for SME, retail and corporate credit …

To evaluate loan applicants, banks increasingly use credit scoring models. The objective of such models typically is to … multiperiod contracts for which reason it is important for banks not only to know if but also when a loan will default. In this …