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180614 ||| eng |
| 020 |
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|a 9781484302811
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| 100 |
1 |
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|a Chan-Lau, Jorge
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| 245 |
0 |
0 |
|a Bottom-Up Default Analysis of Corporate Solvency Risk
|b An Application to Latin America
|c Jorge Chan-Lau, Cheng Lim, Jose Daniel Rodríguez-Delgado, Bennett Sutton, Melesse Tashu
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2017
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| 300 |
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|a 33 pages
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| 651 |
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4 |
|a Brazil
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| 653 |
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|a Economics
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Fixed Investment and Inventory Studies
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| 653 |
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|a Banks and banking
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| 653 |
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|a Mortgages
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| 653 |
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|a Business enterprises
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Liquidity indicators
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| 653 |
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|a Liquidity management
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| 653 |
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|a Investment Decisions
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| 653 |
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|a Commodity Markets
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Commercial banks
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| 653 |
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|a Capital Budgeting
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| 653 |
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|a Financial institutions
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Ownership & organization of enterprises
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| 653 |
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|a Corporate Finance and Governance: General
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| 653 |
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|a Asset and liability management
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| 653 |
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|a Economic sectors
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| 653 |
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|a Corporate Finance
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| 653 |
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|a Corporate sector
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| 653 |
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|a Liquidity
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| 653 |
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|a Loans
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Prices
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| 653 |
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|a Commodity prices
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| 653 |
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|a Finance: General
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| 653 |
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|a Portfolio Choice
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| 700 |
1 |
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|a Lim, Cheng
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| 700 |
1 |
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|a Rodríguez-Delgado, Jose Daniel
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| 700 |
1 |
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|a Sutton, Bennett
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781484302811.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2017/133/001.2017.issue-133-en.xml?cid=44963-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper suggests a novel approach to assess corporate sector solvency risk. The approach uses a Bottom-Up Default Analysis that projects probabilities of default of individual firms conditional on macroeconomic conditions and financial risk factors. This allows a direct macro-financial link to assessing corporate performance and facilitates what-if scenarios. When extended with credit portfolio techniques, the approach can also assess the aggregate impact of changes in firm solvency risk on creditor banks’ capital buffers under different macroeconomic scenarios. As an illustration, we apply this approach to the corporate sector of the five largest economies in Latin America
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