Characterizing the dependence in credit spreads and default intensities across companies is a central problem in credit risk. Existing practice typically relies on factor models or simple static Gaussian copula models. We instead use genuinely dynamic copula models which can capture univariate and multivariate non-normalities and asymmetries for large cross-sections of firms. Using weekly data ...

The present paper is an extension of Ghiglino and Shell [7] to the case of imperfect consumer credit markets. We show that with constraints on individual credit and only anonymous (i.e., non-personalized) lump-sum taxes, strong (or “global”) irrelevance of government budget deficits is not possible, and weak (or “local”) irrelevance can hold only in very special situations. This is in sharp con...

Credit networks model transitive trust (or credit) between users in a distributed environment and have recently seen a rapid increase of popularity due to their flexible design and robustness against intrusion. They serve today as a backbone of real-world IOweYou transaction settlement networks such as Ripple and Stellar, which are deployed by various banks worldwide, as well as several other s...

Method of Participation: This information is presented in an online monograph format. To receive 1.0 credit in category 1 of the Physician's Recognition Award of the American Medical Association, you must complete and submit the posttest (80% constitutes a passing grade), the CME registration, and evaluation forms. These forms are required for prompt processing of your Credit Certificate reflec...

Business process reengineering has made revolutionary changes in the personal banking sector. It is the Technological Innovations that improved the service quality, responsiveness and business efficiency. This study focuses on different user profiles (Earning/Non Earning), their perception of risk and confidence in technological innovations in personal banking sector. Required data were collect...

The primary objective of this research is to examine the contributions of co-operatives on rural household agricultural productivity. Multistage sampling was employed in the random selection of 120 co-operators and non-cooperators respectively. But only 115 co-operators and non-cooperators were utilized for the study. The active mean age of 42 years and married female rural households with seco...

The aim of this paper is to present a model based on Multilayer perceptron neural networks to recognize bad or good credit customers. Credit risk is one of the major problems in banking sector. Banks are faced with credit Risk while doing their tasks. Credit risk is the probability of non-repayment of bank loan granted to lenders. Decreasing Credit Risk, banks may perform better duties and resp...

The financial system of the United States contains two large subsystems. The function of the first, generally referred to as monetary policy, is to control the total volume of credit for the purpose of aggregate economic stabilization. The second sub-system, which has no name, consists of a maze of regulations, institutions and tax practices designed to influence the allocation of credit, and h...