How Long to Read The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions

How Long Does it Take to Read The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions?

It takes the average reader and 33 minutes to read The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions by Jiri Podpiera

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper attempts to identify the fundamental variables that drive the credit default swaps during the initial phase of distress in selected European Large Complex Financial Institutions (LCFIs). It uses yearly data over 2004 - 08 for 29 European LCFIs. The results from a dynamic panel data estimator show that LCFIs’ business models, earnings potential, and economic uncertainty (represented by market expectations about the future risks of a particular LCFI and market views on prospects for economic growth) are among the most significant determinants of credit risk. The findings of the paper are broadly consistent with those of the literature on bank failure, where the determinants of the latter include the entire CAMELS structure - that is, Capital Adequacy, Asset Quality, Management Quality, Earnings Potential, Liquidity, and Sensitivity to Market Risk. By establishing a link between the financial and market fundamentals of LCFIs and their CDS spreads, the paper offers a potential tool for fundamentals-based vulnerability and early warning system for LCFIs.

How long is The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions?

The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions by Jiri Podpiera is 33 pages long, and a total of 8,349 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions aloud.

What Reading Level is The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions?

The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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