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Credit Risk in the Czech Economy

This paper deals with credit risk in the Czech aggregate economy. It follows structural Merton's approach. A latent factor model is employed within this framework. Estimation of this model can help to understand relation between credit risk and macroeconomic indicators.

Link	http://ies.fsv.cuni.cz/sc…tion/show/id/2031/lang/en
Author	Jakubik, P
Date	30-May-2007
Institute	Institute of Economic Studies
Tags	credit, risk, Czech, banking