Economic Adjustment of Default Probabilities
This paper proposes a straightforward and intuitive computational mechanism for the economic adjustment of default probabilities, allowing the extension of the original (usually one-year) probability of default estimates for more than one period ahead. The intensity of economic adjustment can be fle...
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| Format: | Article |
| Language: | English |
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Mendel University, Brno
2016-12-01
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| Series: | European Journal of Business Science and Technology |
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| Online Access: | https://ejobsat.cz/artkey/ejo-201602-0003_economic-adjustment-of-default-probabilities.php |