Christensen, Jens H. E.; López, José A.; Rudebusch, … - 2009
FEDERAL RESERVE BANK OF SAN FRANCISCO
WORKING PAPER SERIES
Working Paper 2009-13
http://www.frbsf.org/publications/economics … each business morning by a British Bankers’ Association (BBA)
survey of a panel of 16 large banks.5 In the credit risk … risk factors across rating categories and
business sectors if they are present in the data. Taking the rating transitions …