Even in the presence of a broader foreclosure definition, the shape and the relative impact of the estimated shocks remain unaffected as long as the ratio between residential real estate and other foreclosures is constant over time. 26 The PHF is a panel survey on household finance and wealth ...
For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. “FRB” means the Board of Governors of the Federal Reserve System of the United States. “Fronting Exposure” means, at any time...
Therefore, the distribution of d+e is a mean preserving spread of d. So long as the mean and median of d are less than 25, we would typically expect Prob(d + e >25) > Prob(d >25). More simply put, if there are more dispute-score changes less than or equal to 25 points than...
Data have been collected from the BilBank 2000 database distributed by the ABI (Associazione Bancaria Italiana) because of its large time extension and its rich set of information on bank balance sheets for 1994–2015 (see Table1for more details on the definition of the variables).Footnote4We ...
factors such as liquidity and estimated loss given default can affect the comparison. Credit spread rates and credit ratings of the underlying or reference obligations are considered among money managers to be the best indicators of the likelihood of sellers of CDSs having to perform under these con...