Is the Distance to Default a Good Measure in Predicting Bank Failures? Case Studies
收藏NBER2010-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16182
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资源简介：
This paper examines the movements of the Distance to Default (DD), a market-based measure of corporate default risk, of eight failed Japanese banks in order to evaluate the predictive power of the DD measure for bank failures. The DD became smaller in anticipation of failure in many cases. The DD
提供机构：
美国国家经济研究局
创建时间：
2010-07-01
