Common Failings: How Corporate Defaults are Correlated
收藏NBER2006-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11961
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资源简介：
We develop, and apply to data on U.S. corporations from 1979-2004, tests of the standard doubly-stochastic assumption under which firms'default times are correlated only as implied by the correlation of factors determining their default intensities. This assumption is violated in the presence of
提供机构：
美国国家经济研究局
创建时间：
2006-01-01
