The amount recovered in default is as important as default probability for estimating expected
losses on risky assets and for determining fair credit spreads, yet recovery value has been …

–Corporate CDS are relatively simple; first emerged round about 1993; became widely
used by late 90’s/early 2000’s, particularly after introduction of ISDA template in July 1999–ABS …

… We thank Ely Spears and Adoito Haroon from Acadian Asset Management LLC for
excellent research assistance. Baker gratefully acknowledges the Division of Research of the …

In this article, the author suggests a new way of modeling the dynamics of a firm's asset
value and discusses how it could be useful in the computation of asset value correlations in …

This article develops a tractable framework to simultaneously estimate default probabilities
and implied recovery values from sovereign bond prices. The model is simple and …

Based on anecdotal evidence, regulatory arbitrage was a major catalyst of the recent
financial crisis. However, regulatory arbitrage is both theoretically and empirically not yet …

Dünya ekonomisinde son yıllarda meydana gelen küreselleşme hareketleri hızla artmaktadır.
Dolayısıyla iktisadi gerçeklik ile birlikte iktisat kuramları zamanla karmaşık bir yapı haline …