I empirically evaluate the subsidized default insurance policy (implemented through the guarantee for Government … the endogeneity problem in conventional studies. Second, using various time-to-default models, I find that the subsidy has … raised mortgage default probabilities of all conforming loans. My paper cautions regulators against interpreting the observed …

default events in the United States. Here we use the state of infectiousness and death to represent the subsequent steps of … payment delinquency and default, respectively. Since the local economic structure influences regional unemployment that is a … strong driver of mortgage default, we model interdependencies of regional mortgage default rates through employment …

-based and macroeconomic determinants of insolvency exit of UK large industrials during the early 1990s with a view to improve … associated with a higher propensity of industrial company to exit via insolvency, thus indicating links to a loss in …