Bell, Francesca; Van Vuuren, Gary - In: Cogent economics & finance 10 (2022) 1, pp. 1-16
default rates. Studies investigating the impact of climate change on PDs are limited because this is a novel field and data … developed for climate event-based impacts on corporate default rates. A scaling factor matrix (an amount by which the unaffected … default rate increases after a specified climate event type occurs) can help market participants forecast default rate changes …