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초록
영어
Merton’s (1974) model is one of the most important models for analyzing the credit risk of a company. This paper develops an iteration method for implementing Merton’s (1974) model and designs a simulation study to compare our method with the traditional implementation method. This paper also shows some drawbacks of the traditional implementation method.
목차
Abstract
1. Introduction
2. Drawbacks of traditional method
3. An iteration method
3.1 A numerical example
4. A comparison
5. Conclusion
References
Figure
Table
1. Introduction
2. Drawbacks of traditional method
3. An iteration method
3.1 A numerical example
4. A comparison
5. Conclusion
References
Figure
Table
저자정보
참고문헌
자료제공 : 네이버학술정보