Benhima, Kenza (contributor); Havrylchyk, Olena (contributor) - 2006
model-based forecasts can perform better than
non-model-based forecasts, such as agency ratings and private analysts’ risk … expectancy, financial depth, measured by bank
credit over GDP, and trade openness, measured by the sum of exports and imports …
phenomenon by credit constraints. In their opinion, improvement in net worth or cash flows
relaxes financial constraints, and …