a model in which this dependence is the result of an unobserved credit cycle: When times are bad, the default … ignoring the dynamic nature of credit risk could lead to a severe underestimation of credit risk (e.g. by a factor of up to 1 ….7 in terms of the 95% VaR). Also, the model indicates that the credit cycle is related to but distinct from the business …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces … as (shortage of)capital, which contradicts the assumptions underlying capital crunch theory. All in all, over the last …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces … as (shortage of)capital, which contradicts the assumptions underlying capital crunch theory. All in all, over the last …

Default probabilities and recovery rate densities are not constant over the credit cycle; yet many models assume that … they are. This paper proposes and estimates a model in which these two variables depend on an unobserved credit cycle … static approach. The model indicates that ignoring the dynamic nature of credit risk could lead to a severe underestimation …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces … as (shortage of) capital, which contradicts the assumptions underlying capital crunch theory. All in all, over the last …

use of the downscaling strategy. Inappropriate credit technologies in this very competitive market segment led to a …

This paper endeavours to assess the viability of the FONGS FINRURAL, a nascent network of 09 rural savings and credit …. Regarding the credit delivery, it appears that except ordinary loans, most of the loan products catered for are seasonal or …. To provide such credit products, MFIs rely on three main sources: the deposits, the borrowings and their equity. Most of …

the Czech National Bank on the development of credit and the quantity of money in the economy. We analyzed data on … multipliers and the credit multiplier. The banking system in the Czech Republic is also very specifi c in the existence of large …

behind such restructuring processes, the globalisation of the credit markets, the consolidation of banking structures, the …

-finance institutions and brought the micro-finance industry to an abrupt halt. We measure the impact of micro-credit withdrawal in this …