1.

Record Nr.

UNINA9910970497903321

Autore

Chan-Lau Jorge

Titolo

Fundamentals-Based Estimation of Default Probabilities - A Survey / / Jorge Chan-Lau

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613820679

9781462341733

146234173X

9781452751153

1452751153

9781282392243

1282392247

9781452702568

145270256X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (20 p.)

Collana

IMF Working Papers

Soggetti

Corporations - Evaluation - Econometric models

Default (Finance) - Econometric models

Banks

Business cycles

Credit ratings

Credit

Depository Institutions

Econometric Modeling: General

Econometric models

Econometrics & economic statistics

Econometrics

Economic growth

Finance

Industries: Financial Services

Loans

Macroeconomics

Micro Finance Institutions

Monetary economics

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Money and Monetary Policy

Mortgages



Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"June 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. MACROECONOMIC-BASED MODELS""; ""III. CREDIT SCORING (OR ACCOUNTING-BASED) MODELS""; ""IV. RATINGS-BASED MODELS""; ""V. HYBRID MODELS""; ""VI. CONCLUSIONS""; ""REFERENCES""

Sommario/riassunto

This survey reviews a number of different fundamentals-based models for estimating default probabilities for firms and/or industries, and illustrates them with real applications by practitioners and policy making institutions. The models are especially useful when the firms analyzed do not have publicly traded securities or secondary market prices are unreliable because of low liquidity.