Understanding Aggregate Default Rates of High Yield Bonds

What explains the wide swings in the default rate on high yield bonds in recent years? Differences in credit quality from year to year account for much of the observed variation in default rates, but economic conditions and the age of bonds have also played a role

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Year of publication:	[2007]
Authors:	Helwege, Jean
Other Persons:	Kleiman, Paul (contributor)
Publisher:	[2007]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (6 p)
Series:	Current Issues in Economics and Finance ; Vol. 2, No. 6, May 1996
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1996 erstellt
Other identifiers:	10.2139/ssrn.1001231 [DOI]
Classification:	E44 - Financial Markets and the Macroeconomy ; G2 - Financial Institutions and Services ; G3 - Corporate Finance and Governance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012729666