BROSSARD, Olivier; DUCROZET, Frédéric; ROCHE, Adrian - Groupement de Recherches Économiques et Sociales (GRES) - 2007
make two contributions to the literature. Firstly, we construct a distance-to-default indicator and test its predictive … establishes the accuracy of our data and confirms the robustness of distance-to-default as an early indicator of EU banks …