banking system, is a summary indicator of market perceived risk that reflects expected default risk of individual banks, risk … premia as well as correlated defaults. An application of our methodology to a portfolio of twenty-two major banks in Asia and …

The parameter loss given default (LGD) of loans plays a crucial role for risk-based decision making of banks including … risk-adjusted pricing. Depending on the quality of the estimation of LGDs, banks can gain significant competitive advantage … to an improved explanatory power. In some situations banks are interested in forecasting absolute losses, suggesting to …

measures of default probabilities of individual banks and forecasted asset return correlations. Importantly, using realized … health of major US banks... …

-level data representing all banks in Turkey during 1963–2007, we present evidence of meaningfuldifferences in the structure of … find that government-owned banks’ behavior doesnot meaningfully differ from that of either domestic and foreign …-owned private sector banks before, duringor after elections. Our estimates also show that government-owned banks underperform both …