Cargando…
Distance-to-default in banking : a bridge too far? /
In contrast to corporate defaults, regulators typically take a number of statutory actions to avoid the large fiscal costs associated with bank defaults. The distance-to-default, a widely used market-based measure of corporate default risk, ignores such regulatory actions. To overcome this limitatio...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Monetary and Financial Systems Dept.,
©2006.
|
| Colección: | IMF working paper ;
WP/06/215. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | EBOOKCENTRAL_ocn694141205 | ||
| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 070204s2006 dcua ob i000 0 eng d | ||
| 040 | |a E7B |b eng |e pn |c E7B |d OCLCQ |d IDEBK |d OCLCO |d OCLCQ |d OCLCA |d OCLCF |d OCLCE |d VT2 |d EBLCP |d DEBSZ |d OCLCQ |d CUS |d AZK |d LOA |d MERUC |d COCUF |d MOR |d PIFAG |d ZCU |d OCLCQ |d U3W |d STF |d WRM |d NRAMU |d ICG |d CUS |d AU@ |d OCLCQ |d DKC |d OCLCQ |d ADU |d OCLCQ |d SFB |d UKCRE |d BOL |d OCLCQ |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 019 | |a 647607907 |a 764537179 |a 805507524 |a 817799455 |a 887377516 |a 961500632 |a 962628595 |a 966216289 |a 975211660 |a 975243716 |a 988530897 |a 991993220 |a 1018045641 |a 1037932706 |a 1038572992 |a 1041925517 |a 1045540795 |a 1058461238 |a 1107341397 |a 1113440882 |a 1114414354 |a 1153501104 |a 1202545038 |a 1228536476 | ||
| 020 | |a 1283511649 | ||
| 020 | |a 9781283511643 | ||
| 020 | |a 9781451909289 | ||
| 020 | |a 1451909284 | ||
| 029 | 1 | |a AU@ |b 000053013833 | |
| 029 | 1 | |a DEBBG |b BV044086317 | |
| 029 | 1 | |a DEBSZ |b 449526461 | |
| 029 | 1 | |a NZ1 |b 13864919 | |
| 035 | |a (OCoLC)694141205 |z (OCoLC)647607907 |z (OCoLC)764537179 |z (OCoLC)805507524 |z (OCoLC)817799455 |z (OCoLC)887377516 |z (OCoLC)961500632 |z (OCoLC)962628595 |z (OCoLC)966216289 |z (OCoLC)975211660 |z (OCoLC)975243716 |z (OCoLC)988530897 |z (OCoLC)991993220 |z (OCoLC)1018045641 |z (OCoLC)1037932706 |z (OCoLC)1038572992 |z (OCoLC)1041925517 |z (OCoLC)1045540795 |z (OCoLC)1058461238 |z (OCoLC)1107341397 |z (OCoLC)1113440882 |z (OCoLC)1114414354 |z (OCoLC)1153501104 |z (OCoLC)1202545038 |z (OCoLC)1228536476 | ||
| 037 | |n Title subscribed to via ProQuest Academic Complete | ||
| 042 | |a dlr | ||
| 050 | 4 | |a HG1616.C34 |b C43 2006eb | |
| 049 | |a UAMI | ||
| 100 | 1 | |a Chan-Lau, Jorge A., |e author. | |
| 245 | 1 | 0 | |a Distance-to-default in banking : |b a bridge too far? / |c Jorge A. Chan-Lau and Amadou N.R. Sy. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Monetary and Financial Systems Dept., |c ©2006. | ||
| 300 | |a 1 online resource (17 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 340 | |g polychrome. |2 rdacc |0 http://rdaregistry.info/termList/RDAColourContent/1003 | ||
| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper ; |v WP/06/215 | |
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a In contrast to corporate defaults, regulators typically take a number of statutory actions to avoid the large fiscal costs associated with bank defaults. The distance-to-default, a widely used market-based measure of corporate default risk, ignores such regulatory actions. To overcome this limitation, this paper introduces the concept of distance-to-capital that accounts for pre-default regulatory actions such as those in a prompt-corrective-actions framework. We show that both risk measures can be analyzed using the same theoretical framework but differ depending on the level of capital adequacy thresholds and asset volatility. We also use the framework to illustrate pre-default regulatory actions in Japan in 2001-03. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. WHAT HAPPENS BEFORE A BANK DEFAULT? -- III. A UNIFIED FRAMEWORK FOR DISTANCE MEASURES : DISTANCE-TO-CAPITAL -- IV. CASE STUDY: THE RESONA AND ASHIKAGA BANKS -- V. CONCLUSIONS -- REFERENCES | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Bank capital |x Econometric models. | |
| 650 | 0 | |a Bank failures |x Econometric models. | |
| 650 | 0 | |a Default (Finance) |x Econometric models. | |
| 650 | 0 | |a Risk |x Econometric models. | |
| 650 | 6 | |a Banques |x Faillites |x Modèles économétriques. | |
| 650 | 6 | |a Banques |x Capital |x Modèles économétriques. | |
| 650 | 6 | |a Défaillance (Finances) |x Modèles économétriques. | |
| 650 | 6 | |a Risque |x Modèles économétriques. | |
| 650 | 7 | |a Bank capital |x Econometric models |2 fast | |
| 650 | 7 | |a Bank failures |x Econometric models |2 fast | |
| 650 | 7 | |a Default (Finance) |x Econometric models |2 fast | |
| 650 | 7 | |a Risk |x Econometric models |2 fast | |
| 700 | 1 | |a Sy, Amadou N. R., |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Monetary and Financial Systems Department. | |
| 758 | |i has work: |a Distance-to-default in banking (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFQxV3HX99TcTBQYhgF6gC |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Chan-Lau, Jorge A. |t Distance-to-default in banking. |d Washington, D.C. : International Monetary Fund, Monetary and Financial Systems Dept., 2006 |w (OCoLC)81774510 |
| 830 | 0 | |a IMF working paper ; |v WP/06/215. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014512 |z Texto completo |
| 936 | |a BATCHLOAD | ||
| 938 | |a EBL - Ebook Library |b EBLB |n EBL3014512 | ||
| 938 | |a ebrary |b EBRY |n ebr10380895 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n 382409 | ||
| 994 | |a 92 |b IZTAP | ||