What's in a Default? Lending to LDCs in the Face of Default Risk

Stephen T. Easton and Duane Rockerbie ()

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: This paper develops an expected profit maximizing framework for characterizing the default risk associated with international lending during the early and mid-1980's. We identify the risk of default as associated with arrears in payments rather than rescheduling of principal or interest.

Keywords: RISK; LOANS (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: What's in a default? Lending to LDCs in the face of default risk (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:sfu:sfudps:dp96-06

Ordering information: This working paper can be ordered from
Working Paper Coordinator, Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
http://www.sfu.ca/ec ... ch/publications.html

Access Statistics for this paper

More papers in Discussion Papers from Department of Economics, Simon Fraser University
Address: Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Contact information at EDIRC.
Series data maintained by Working Paper Coordinator ().