Koopman, Siem Jan; Kräussl, Roman; Lucas, André; … - 2006
institutions. Established in 1968 and closely affiliated with the University of
Frankfurt, it provides a strong link between the … individual coun-
terparties (see i.a. Altman (1983), Altman (2000)). Though important, at the portfolio level
most of the …. We
condition the credit cycle on a number of macro economic fundamentals, reflecting the state
of the business cycle …