used a global semi-structural model (GSSM) augmented with common factors for country risk and country credit. We …

be admitted to higher education, we estimate a structural model to analyze how the responsiveness to admission …

used a global semi-structural model (GSSM) augmented with common factors for country risk and country credit. We …

We develop a structural model for valuing bank balance sheet components such as the equity and debt value, the value …, some price and risk parameters, including the funding cost spread and the banks'probability of default. The structural … model implies an abandonment threshold, at which if total income drops below this threshold, private shareholders abandon …

mechanism through a dynamic structural model which allows for heterogeneity in discount factors of individuals. Theoretical … predictions are empirically tested and estimation results support the structural model implications. The authors conclude that …