This paper provides an overview on classical and new methods for testing time series properties of migration matrices … considered to be constant through time. Further, transition matrices are dependent on the used rating methodology. We investigate … the changes in migrations of an extensiverating system based on financial ratios. Our findings are time …

In recent years a number of panel estimators have been suggested for sample selection models, where both the selection … females, using a panel of twelve years. All these estimators rely on the assumption of strict exogeneity of regressors in the …

analyze the dynamic relations between efficiency and performance in the German banking market. To this end we use panel data … with a shorter time lag on the probability of default. On the other hand, cost efficiency has on average a slightly larger …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …