​Using a sample of 161 global banks in 23 countries, we examine the applicability of structural models and bank … fundamentals to price global bank credit risk. First, we find that variables predicted by structural models (leverage, volatility …, and risk-free rate) are significantly associated with bank CDS spreads. Second, some CAMELS indicators, including asset …

Using a sample of 161 global banks in 23 countries, we examine the applicability of structural models and bank … fundamentals to price global bank credit risk. First, we find that variables predicted by structural models (leverage, volatility …, and risk-free rate) are significantly associated with bank CDS spreads. Second, some CAMELS indicators, including asset …

the world to a global common factor - the global financial cycle. Using voting patterns at the United Nations as a measure …

the world to a global common factor - the global financial cycle. Using voting patterns at the United Nations as a measure …

syndicated bank loans. We find statistically and economically significant effects of stronger state political ties with the …