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. For example, FX lending to households is virtually non-existent in the Czech is close to 100 per cent of total household … (2) to try to explain these differing patterns in an econometric model. In order to do so, a panel database of household … household FX borrowing depends on the interest rate differential, the institutional features of mortgage financing and the …
Persistent link: https://www.econbiz.de/10010322385
In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a … life cycle model and panel data on Chinese provinces for the 1995-2004 period from China's household survey. We find that … China's household saving rate has been high and rising and that the main determinants of variations over time and over space …
Persistent link: https://www.econbiz.de/10010332228
analysis for Australia, China and India, the impacts of exchange rates on Australia's domestic and outbound travel markets …, clean development mechanism in China: regional distribution and prospects, design and implementation of a Web …
Persistent link: https://www.econbiz.de/10010326266
This paper investigates the main individual driving forces of Hungarian household credit risk and measures the … gathered by the Magyar Nemzeti Bank (MNB) in January 2007. Our study presents three alternative ways of modelling household … testing. Our results suggest that the main individual factors affecting household credit risk are disposable income, the …
Persistent link: https://www.econbiz.de/10010322421
some economic models of household decision-making. Subjects make choices individually and jointly and are asked to make …
Persistent link: https://www.econbiz.de/10010319027
This paper maps key indicators of household structure across all countries for all countries of the expanded European … Union except Malta. As well as presenting statistics which take the entire household as the unit of analysis, we also focus … on groups which are particularly interesting in terms of social policy, and for whom household composition may be …
Persistent link: https://www.econbiz.de/10010288903
In diesem Beitrag wird die Einsatzmöglichkeit eines Kreditderivats vom Typ einer Kreditoption für eine Bank untersucht. Das Management des Kreditrisikos erfährt in jüngerer Zeit besondere Aufmerksamkeit. Gestiegenen Kreditausfallrisiken begegnen Kreditinstitute mehr und mehr durch die...
Persistent link: https://www.econbiz.de/10010291701
Default probabilities (PDs) and correlations play a crucial role in the New Basel Capital Accord. In commercial credit risk models they are an important constituent. Yet, modeling and estimation of PDs and correlations is still under active discussion. We show how the Basel II one factor model...
Persistent link: https://www.econbiz.de/10010295887
The main challenge of forecasting credit default risk in loan portfolios is forecasting the default probabilities and the default correlations. We derive a Merton-style threshold-value model for the default probability which treats the asset value of a firm as unknown and uses a factor model...
Persistent link: https://www.econbiz.de/10010295888
In this paper we focus on the analysis of the effect of prediction and estimation risk on the loss distribution, risk measures and economic capital. When variables for the determination of probability of default and loss distribution have to be predicted because they are not available at the...
Persistent link: https://www.econbiz.de/10010295906