Risk-based pricing of loans is well-accepted. Left unstudied, however, is the conditional credit risk of a loan that remains current. Using large-sample statistics and asset-level consumer automobile asset-backed security data, we find that default risk conditional on survival converges for...

For materials with magnetic phase transition, researchers have tried to find a simple magnetic method that can replace the calorimetric technique for determining the type of phase transition. Recently, the researchers provide a quantitative characteristic of first-order magnetic phase...