Essays about: "Hall and Miles"

Found 2 essays containing the words Hall and Miles.

  1. 1. Nordic Banks - Credit Risk and Risk Linkages

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Erik Mahlanen; Isabel Fransén Eklund; [2015]
    Keywords : banking crisis; probability of default; Merton; Hall and Miles; VaR; CoVaR; Business and Economics;

    Abstract : The recent global financial crisis has once again shown how fragile the financial system is. This essay investigates the credit risk in the Nordic banking sector by measuring the probability of default of the six major Nordic banks. This is done by using the Merton (1974) model which utilizes stock prices as well as balance sheet data. READ MORE

  3. 2. Stock Prices and CDS-spreads as Bank Default Indicators in the European Banking Sector

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Emelie Thordevall; [2011]
    Keywords : banking sector; default; stock; CDS; credit risk; Business and Economics;

    Abstract : The importance of the health of the banking sector cannot be underestimated, especially not after the recent financial crisis. Credit rating agencies base their ratings on backward-looking accounting information which cannot be used to predict a bank default. READ MORE