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A gravity model of sovereign lending: trade, default and credit

Rose, Andrew K.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2002

One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this...

Persistent link: https://www.econbiz.de/10005401574

Evaluating credit risk models

Lopez, Jose A.; Saidenberg, Marc R. - Federal Reserve Bank of San Francisco - 1999

as by the IIF (1998) and ISDA (1998), argue that credit risk models should also be used to determine risk … accuracy of the model's forecasts of credit losses. A serious impediment to such model validation is the small number of … forecasts available due to the long planning horizons typical of credit risk models. Using a panel data approach, we propose …

Persistent link: https://www.econbiz.de/10005401611

Atlanta Fed president discusses credit market instability

In: Financial Update (2008)

Recent turmoil in U.S. credit markets and its context within international financial markets were the subjects of two …

Persistent link: https://www.econbiz.de/10005401662

Treasury official sees challenges for the economy

In: Financial Update (2002) Jul, pp. 2-2

Persistent link: https://www.econbiz.de/10005401666

Workshops spotlight women's access to credit and capital issues

In: Financial Update (1997) Jul, pp. 1-2

Persistent link: https://www.econbiz.de/10005401763

Sovereign credit ratings

Cantor, Richard; Packer, Frank - In: Current Issues in Economics and Finance 1 (1995) Jun

Sovereign ratings are gaining importance as more governments with greater default risk borrow in international bond markets. But while the ratings have proved useful to governments seeking market access, the difficulty of assessing sovereign risk has led to agency disagreements and public...

Persistent link: https://www.econbiz.de/10005512170