Weibach, Rafael; Sibbertsen, Philipp - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2006
Lending is associated with credit risk. Modelling the loss stochastically, the cost of credit risk is the expected loss. In credit business the probability that the debtor will default in payments within one year, often is the only reliable quantitative parameter. Modelling the time to default...
