Kick, Thomas; Pfingsten, Andreas - 2011
carried out by the central bank ('Deutsche Bundesbank, BBK') in cooperation with the Federal Financial Supervisory Authority …'s ordinal grading by a purely quantitative CAMEL covariate vector, which is standard in many bank rating models, and we also … include the bank inspector's qualitative risk assessment into the model. We find that not only the quantitative CAMEL vector …