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Document type:
Zeitschriftenaufsatz 
Author(s):
Höcht, S.; Kroneberg, A.; Zagst, R. 
Non-TUM Co-author(s):
ja 
Cooperation:
Title:
Explaining Aggregated Recovery Rates 
Abstract:
In this article, the dependence of aggregated recovery rates on various explanatory variables is examined. This study is based on a unique dataset covering almost 40000 individual resolved defaulted loans and using a consistent definition of default and recovery over different jurisdictions. Markov switching techniques are applied to show that the distribution of recovery rates and their dependence on explanatory variables may vary between different states. Furthermore, recovery rates are differ...    »
 
Intellectual Contribution:
Discipline-based Research 
Journal title:
working paper 
Year:
2008 
Pages contribution:
Reviewed:
ja 
Language:
en 
Status:
Erstveröffentlichung 
Format:
Text 
Key publication:
Nein 
Peer reviewed:
Nein 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Nein 
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