Zbog relativno kratkih vremenskih serija nije bilo moguće procijeniti model s više...rasta cijena nekretnina,
korištena je kvantilna regresija, pri čemu je temeljni...
measure for all publicly traded banks using the Merton (1974) contingent claim model...We compute default probabilities implied from the structural credit risk...
always dominates the ’Too many to
fail’ bailout policy in terms of social welfare
Model...then V
I if low cash flow at t = 1, then
R2j | R1j s U
�
R1j � ",R1j + "
�
...
*
WHAT PAPER DOES NOT DO :
THE BIG THING
DOES NOT BEGIN WITH THEORETICAL MODEL...RELATING DIVERSITY > GROWTH –in fact it ends with attempt to suggest such a...
measure for all publicly traded banks using the Merton (1974) contingent
claim model...We compute default probabilities implied from the structural credit risk...
