The Merton Structural Model and IRB Compliance

Quant Corner Robert Merton Merton model for valuing corporate debt

‚robert merton, who’s best known for his academic work in developing option-pricing models, published his first scholarly paper on a topic far removed from finance: Gulliver’s Travels. While an undergraduate at Columbia University in New York, he wrote a piece for a literature class that analyzed the physical impossibility of a flying island as described in Jonathan Swift’s classic work. Merton...

IRB Accreditation and Local IRB Operations

Of Moody’s and Merton: a structural model of bond rating transitions

1 The opinions expressed here are those of the authors and do not reflect the views of the Board of Governors or its staff.

The Desirable Tax Compliance Model in Iran: Combined Model

In dealing with tax evasion phenomenon and developing tax sanctions generally, two preventive and behaviorism approaches can be mentioned. The inhibitory approach believes that by increasing the likelihood of discovering tax evasion and the severity of tax sanctions, tax evasions can be reduced.  On the contrary, the behaviorism approach believes that the increase in tax compliance among the ta...

Explain the structural relationships between mental health, financial health and the culture of tax compliance

 Extended Abstract   1.Introduction One of the most important issues in the field of health is mental health and financial health. Mental health as one of the key issues in the individual sphere plays an important role in mental and behavioral performance (2). The importance of mental health has led to its importance in improving various policies (5). Today, mental health has been used in var...