Matanda, Ephraim; Chikodza, Eriyoti; Kwenda, Farai - In: Cogent economics & finance 10 (2022) 1, pp. 1-32
This paper proposes and examines a new structural risk of default model for banks in frictional and fuzzy financial … markets. It is motivated by the need to fill the shortcomings of probability-based credit risk metric models that are … characterised by unrealistic assumptions such as crisply precise and constant risk-free rates of return. The problem investigated …
