Operational Risk (OR) results from endogenous and exogenous risk factors, as diverse and complex to assess as human … risk management´s identification, assessment, monitoring and mitigation stages. Different from traditional approaches, the …-up and optimizing risk management resources. Furthermore, because the model contrasts effective with expected OR data, it is …

Informational constraints may turn the Merton Model for corporate credit risk impractical. Applying this framework to …-banking firms are not listed. Within the same framework, firms' debt spread over the risk-free rate may be considered as the market … value of the sold put option that makes risky debt trade below default-risk-free debt. In this sense, under some …

In this paper we investigate the impact of rapid credit growth on ex ante credit risk. We present micro …

' inefficiency and to a lesser extent by credit risk exposure and market power. This implies that public policies should be oriented …