What's in a Default? Lending to LDCs in the Face of Default Risk.

This paper develops an expected profit maximizing framework for characterizing the default risk associated with international lending during the early and mid-1980's. We identify the risk of default as associated with arrears in payments rather than rescheduling of principal or interest.

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Year of publication:	1996
Authors:	Easton, S-T ; Rockerbie, D-W
Institutions:	Department of Economics, Simon Fraser University
Subject:	RISK \| LOANS

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005597122