Fundamentals-based estimation of default probabilities
a survey
Edición de la obra Fundamentals-based estimation of default probabilities
| Autor | Jorge A. Chan-Lau |
|---|---|
| Editorial | International Monetary Fund, Monetary and Financial Systems Dept. |
| Fecha de publicación | 2006 |
| Lugar | Washington, D.C |
| Idioma | inglés |
| Páginas | 18 |
| Serie | IMF working paper -- WP/06/149 |
| Número de Cutter | C454f |
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.