{"product_id":"an-empirical-evaluation-of-structural-credit-risk-models-9781249560289","title":"An Empirical Evaluation of Structural Credit-Risk Models","description":"This paper evaluates the capacity of five structural credit risk models to forecast default rates. In contrast to previous studies with similar objectives, the paper employs firm-level data and finds that model-based forecasts of default rates tend to be unbiased and to deliver point-in-time errors that are small in both statistical and economic terms. In addition, in- and out-of-sample regression analysis reveals that the models account for a significant portion of the variability of credit risk over time but fail to fully reflect its dependence on macroeconomic cycles.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Nikola A. Tarashev\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bibliogov\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/27\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 56\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.26lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.69h x 7.44w x 0.12d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781249560289\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Bibliogov","offers":[{"title":"Paperback","offer_id":44115554107507,"sku":"9.78125E+12","price":18.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/files\/img_bda75d10-9a9c-460f-b50e-f8cbf0b4b8d6.jpg?v=1764250307","url":"https:\/\/bookstorenmore.com\/en-de\/products\/an-empirical-evaluation-of-structural-credit-risk-models-9781249560289","provider":"Bookstore N More","version":"1.0","type":"link"}