with the Distance-to-Default (DD) measure in the U.S. banking market; (2) all the three major banking risk characteristics …

Starting from the structural model developed by Merton (1974) and the derived notion of distance-to-default, we study …

Economic and Monetary Union (EMU) countries using a market based measure "distance-to-default"(DtD). It analyzes the individual …

Bharath and Shumway (2008) provide evidence that shows that it is the functional form of Merton's (1974) distance to … default (DD) model that makes it useful and important for predicting defaults. In this paper, we investigate whether the …

Economic and Monetary Union (EMU) countries using a market based measure \distance-to-default" (DtD). It analyzes the …

Bharath and Shumway (2008) provide evidence that shows that it is the functional form of Merton’s (1974) distance to … default (DD) model that makes it useful and important for predicting defaults. In this paper, we investigate whether the …

Bharath and Shumway (2008) provide evidence that shows that it is the functional form of Merton’s (1974) distance to … default (DD) model that makes it useful and important for predicting defaults. In this paper, we investigate whether the …