Dynamic analysis of bankruptcy and economic waves
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.
|Date of creation:||Mar 2005|
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|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00590851|
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