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The paper analyzes how (production and financial) inter-firm networks can affect firms’ default probabilities and observed default rates. A simple theoretical model of shock transfer is built to investigate some stylized facts on how firm-idiosyncratic shocks are allocated in the network, and...
Persistent link: https://www.econbiz.de/10011001864
The paper analyzes how (production and financial) inter-firm networks can affect firms' default probabilities and observed default rates: an issue the recent crisis has brought to the front of the debate. A simple theoretical model of shock transfer is built up to investigate some stylized facts...
Persistent link: https://www.econbiz.de/10009643401
The paper analyzes how (production and financial) inter-firm networks can affect firms’ default probabilities and observed default rates: an issue the recent crisis has brought to the front of the debate. A simple theoretical model of shock transfer is built up to investigate some stylized...
Persistent link: https://www.econbiz.de/10008739730