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1. 1. Macro Economic Factors and Probability of Default

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Yiping Qu; [2006]
   Keywords : Credit Risk; Probability of Default; Macro Economy; KMV;

   Abstract : Business cycles can have great impact on the profitability of individual firms. Therefore, they influence the risk profile of a given company or industry. This paper uses a multi factor fixed effect model to analyze the effect of certain macro economic factors on the probability of default on an industrial level. READ MORE