Purpose This paper provides an objective approach based on available market information
capable of reducing subjectivity, inherently present in the process of expected loss …

Blockchain and distributed ledger technology has drawn increasing attention from both the
business and legal communities. This article addresses the potential benefits of blockchain …

In this paper, we study the probability of default, the credit default swap (CDS) implied
probability of default, and the estimated actual probability of default from the structural …

The level of non-performing assets (NPA) in Nepalese banking system is very alarming. It is
well known fact that the bank and financial institution in Nepal have been facing the problem …

This paper uses unit root tests that allow for structural breaks in order to examine the impact
of ratings announcements on European bond credit spreads. In general, there are no …

Statistics envelop conclusions with an aura of certainty. However, the output of decision
making is only as good as the input and, for investors, this is a critical truism. This article …

This paper investigates how bankruptcy announcements in the German solar industry affect
the stock market returns of announcing firms and their competitors. We show that German …

The roots of default models can be found in the origins of credit markets, beginning with
fundamental analysis, the development of financial ratios, and the emergence of credit rating …

Although fixedYforYfloating rate swaps have proven effective for hedging volatility in interest
rates, neutralizing price changes from changes in credit spreads has remained challenging …

Eine empirische Analyse von Preissegmentierung bei systemischen Wertpapierrisiken Mit
dieser Forschungsarbeit wird die Existenz von Marktsegmentierung bei festverzinslichen …