Showing 1 - 10 of 26,760
Persistent link: https://www.econbiz.de/10011415589
Persistent link: https://www.econbiz.de/10013432191
Persistent link: https://www.econbiz.de/10011454959
We address the problem how to estimate default probabilities for sovereign countries based on market data of traded debt. A structural Merton-type model is applied to a sample of emerging market and transition countries. In this context, only few and heterogeneous default probabilities are...
Persistent link: https://www.econbiz.de/10003385606
Persistent link: https://www.econbiz.de/10003391283
This paper tests the random walk hypothesis and market efficiency for twelve emerging as well as for four developed securitized real estate markets from 1992 to 2009. Random walk properties of equity prices influence return dynamics, and market efficiency is often considered an essential...
Persistent link: https://www.econbiz.de/10003969878
Persistent link: https://www.econbiz.de/10014233116
Persistent link: https://www.econbiz.de/10011949603
Persistent link: https://www.econbiz.de/10012128620
The potential mutation of the Sub-Prime banking crisis into a sovereign debt one in Euro area countries is investigated … the end 2009 the probability of observing a Euro area country defaulting is less likely than six month before … self-fulfilling, sovereign debt or currency crises in Euro area in the future. -- king crisis ; sovereign debt crisis …
Persistent link: https://www.econbiz.de/10003951604