Dynamic analysis of bankruptcy and economic waves

Pre-print, Working paper: The procedures presented in this paper provide a dynamic apparatus of crediting the industrial operating systems with the assignment to avoid their correlated defaulting, to conserve general safety and soundness and improve its ability to serve as a source for sustainable growth for economy. The quality of operating firms at different periods is evaluated using the migration matrixes between some classes of default risk.

Author(s)

Irina Peaucelle

Date of publication
  • 2005
Keywords
  • Credit risk
  • Economic growth
  • Regulation
Internal reference
  • PSE Working Papers n°2005-09
Version
  • 1