STENT
发表于 2025-3-23 09:41:22
Discussion: Altman and Saunders on , Credit Risk & Carey on , Credit Riskabsolute level of capital requirements is appropriate. I will review each contribution in turn and conclude with some additional questions about the new Basel proposal. But first, a bit of background about how international capital requirements have evolved.
Vo2-Max
发表于 2025-3-23 13:57:49
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Ischemia
发表于 2025-3-23 20:09:04
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garrulous
发表于 2025-3-24 00:02:35
An Historical Primer on the Business of Credit Ratinggency in 1909, in the United States, which in comparison with other countries had a large private bond market and an investing class clamoring for better information. Extensive research by W.B. Hickman and others established that credit rating agencies were able to provide investors with good inform
narcissism
发表于 2025-3-24 05:18:49
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thrombosis
发表于 2025-3-24 09:48:02
The Paradox of Credit Ratingsence and even greater market capitalization. Credit rating changes are major news; . rating agencies play a major role in every sector of the fixed income market. Credit ratings purport to provide investors with valuable information they need to make informed decisions about purchasing or selling bo
guardianship
发表于 2025-3-24 14:30:24
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冰河期
发表于 2025-3-24 16:44:50
Discussion(Chapter 12, “Rating Agencies: Is There an Agency Issue?”) and the White paper (Chapter 2, “The Credit Rating Industry: An Industrial Organization Analysis”) reach dramatically different conclusions about essential features of the credit rating process. These differences have extremely important imp
inundate
发表于 2025-3-24 20:38:50
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predict
发表于 2025-3-25 01:22:13
A Guide to Choosing Absolute Bank Capital Requirementshe appropriate absolute level of economic capital allocations for portfolio credit risk. Estimates are presented for stress scenarios of varying severity and implications of different time horizons are analyzed. Results for a numeraire portfolio are quite sensitive to such variations. Although the a