Models for assessing the probability of default play an important role in the risk management systems of commercial banks, as they allow assessing the creditworthiness of various counterparties and transactions. Many Russian banks are trying to switch to an advanced approach based on internal...

This paper empirically investigates the change in the relationship between economic growth and financial development as ECOWAS economies grow over the period 1991-2017. The methodology of analysis is the quantile regression, which allows determining the impact of financial development at...