This is an examination of the determinants of corporate bond credit spreads using both primary and secondary market spreads for Tunisian corporate bonds. The factors which I use as explanatory variables in our estimations can be divided into three categories: market variables, issue and issuer...

This paper derives a closed-form solution for pricing defaultable bonds by replacing numerical inversion of Laplace transformation proposed by Cathcart and El-Jahel (1998). Note here that in the in-between approach, the signaling variable (i.e., the default event process) and the interest rates...

To measure technical efficiency of commercial banks in Tunisia, Morocco, and Algeria we employed in this paper Data Envelopment Analysis (DEA) based on the intermediation approach of banking services, which entails banks produce financial services using inputs. On regional level our results show...