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This paper uses loan-level data to investigate heterogeneity in loan prepayment incidence, and argues that refinancing is affected by a mortgage pricing convention that underestimates co-borrowers' actual creditworthiness. Specifically, we find a substantial difference in prepayment incidence...
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Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …
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Over the last two decades, default rates and market risk have increased substantially. A consequence of the growing … global interlacing is a strong dependence between both individual stock returns and credit events. Risk management … (especially risk diversification) is much more challenging, since. Quantitative models that assist firms to better analyse …
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In this paper, we use a logit model to predict the probability of default for Korean shipping companies. We explore numerous financial ratios to find predictors of a shipping firm’s failure and construct four default prediction models. The results suggest that a model with industry specific...
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