apparent in the post-Lehman collapse phase of the crisis for the euro area as financial CDS premia rose due to possible default …

apparent in the post-Lehman collapse phase of the crisis for the euro area as financial CDS premia rose due to possible default …

In a default corridor [0,B] that the stock price can never enter, a deep out-of-the-money American put replicates a … endogenous credit-risk model generates, along with the default event, a default corridor at the cash-outflow dates, where B>0 is … endogenous default corridor at the cash-outflow dates is that equityholders' deep pockets absorb these outflows; that is, no …