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A Portfolio View of Consumer Credit

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NBER2005-11-01 更新2025-01-04 收录
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To compute risk-adjusted returns and gauge the volatility of their portfolios, lenders need to know the covariances of their loans' returns with aggregate returns. Cross-sectional differences in these covariances also provide insight into the nature of the shocks hitting different types of consumers

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2005-11-01
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