Credit risk has always been an important issue for banks
and other financial intermediaries. A reliable and consistent
computing system is necessary to simplify the decision
mak...
S. Bonura, V. Morreale, G. Cammarata, F. Cantore,...
As shown by the recent turmoil in credit markets, much remains to be done for the proper risk management of credit derivatives. In particular, the static copula-based models commo...
The recent turmoil in global credit markets has demonstrated the need for advanced modelling of credit risk, which can take into account the effects of changing economic condition...
This paper proposes a theoretical framework for predicting financial distress based on Hunt’s (2000) Resource-Advantage Theory of Competition. The study focuses on the US retail...