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[null,"1.","Record Nr.",null,"UNINA9910955023003321"]
[null,null,"Autore",null,"Chan-Lau Jorge"]
[null,null,"Titolo",null,"Market-Based Estimation of Default Probabilities and its Application to Financial Market Surveillance / / Jorge Chan-Lau"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2006"]
[null,null,"ISBN",null,"9786613827944"]
[{"$nulls":4},"9781462375035"]
[{"$nulls":4},"1462375030"]
[{"$nulls":4},"9781452793535"]
[{"$nulls":4},"1452793530"]
[{"$nulls":4},"9781283515498"]
[{"$nulls":4},"1283515490"]
[{"$nulls":4},"9781451908985"]
[{"$nulls":4},"1451908989"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (19 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Default (Finance)"]
[{"$nulls":4},"Risk management"]
[{"$nulls":4},"Asset and liability management"]
[{"$nulls":4},"Asset prices"]
[{"$nulls":4},"Asset valuation"]
[{"$nulls":4},"Asset-liability management"]
[{"$nulls":4},"Bonds"]
[{"$nulls":4},"Credit default swap"]
[{"$nulls":4},"Credit"]
[{"$nulls":4},"Deflation"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Financial institutions"]
[{"$nulls":4},"Financial Instruments"]
[{"$nulls":4},"Financial Risk Management"]
[{"$nulls":4},"General Financial Markets: General (includes Measurement and Data)"]
[{"$nulls":4},"Inflation"]
[{"$nulls":4},"Institutional Investors"]
[{"$nulls":4},"International Financial Markets"]
[{"$nulls":4},"Investment & securities"]
[{"$nulls":4},"Investments: Bonds"]
[{"$nulls":4},"Investments: Stocks"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Monetary economics"]
[{"$nulls":4},"Monetary Policy, Central Banking, and the Supply of Money and Credit: General"]
[{"$nulls":4},"Money and Monetary Policy"]
[{"$nulls":4},"Money"]
[{"$nulls":4},"Non-bank Financial Institutions"]
[{"$nulls":4},"Pension Funds"]
[{"$nulls":4},"Price Level"]
[{"$nulls":4},"Prices"]
[{"$nulls":4},"Stocks"]
[{"$nulls":4},"United States"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"April 2006.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"\"\"Contents\"\"; \"\"I. MARKET-BASED DEFAULT PROBABILITIES AND FINANCIAL SURVEILLANCE\"\"; \"\"II. CREDIT DEFAULT SWAPS\"\"; \"\"III. BONDS\"\"; \"\"IV. EQUITY PRICES\"\"; \"\"V. FROM RISK-NEUTRAL PROBABILITIES TO REAL-WORLD PROBABILITIES\"\"; \"\"VI. CONCLUSIONS\"\"; \"\"REFERENCES\"\""]
[null,null,null,"Sommario/riassunto","This paper reviews a number of different techniques for estimating default probabilities from the prices of publicly traded securities. These techniques are useful for assessing credit exposure, systemic risk, and stress testing financial systems. The choice of techniques was guided by their ease of implementation and their applicability to a wide cross-section of countries and markets. Simple one-period cases are studied to sharpen the reader's intuition, and the usefulness of each technique for enhancing financial surveillance is illustrated with real applications."]