Blanc-Blocquel, Augusto; Ortiz-Gracia, Luis; Sanfelici, … - In: Risks : open access journal 12 (2024) 11, pp. 1-19
the economy. In this work, we focus on the impact of physical risk on the probability of default for a firm in the … agribusiness sector. The probability of default is estimated based on the Merton model, where the firm defaults when its asset … of default. We also propose a model to assess the exposure of the firm to transition risk. …