Fundamentals-based estimation of default probabilities
Subtitle: a survey
By: prepared by Jorge A. Chan-Lau.
Contributors: International Monetary Fund. Monetary and Financial Systems Dept.
Series: IMF working paper -- WP/06/149
Publisher: International Monetary Fund, Monetary and Financial Systems Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 18
Subjects: Default (Finance) -- Econometric models.; Corporations -- Evaluation -- Econometric models.
Description: This survey reviews a number of different fundamentals-based models for estimating default probabilities for firms and/or industries, and illustrates them with real applications by practitioners and policy making institutions. The models are especially useful when the firms analyzed do not have publicly traded securities or secondary market prices are unreliable because of low liquidity.
Notes: "June 2006."

Includes bibliographical references (p. 17-18).

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