Risk contagion through defaults on trade bills
M. Bardos and
Quarterly selection of articles - Bulletin de la Banque de France, 2006, issue 06, 49-71
Intercompany credit is a transmission channel for business failure risk. Trade bill payment incidents reveal the interdependent links between sectors and their contagion risk potential when large amounts are involved.
Keywords: contagion; risk diffusion; matching estimator; default rate; probability of default; defaults; payment incidents; trade bills; intercompany credit; trade credit balance. (search for similar items in EconPapers)
JEL-codes: C44 C51 C53 C61 G33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2006-2007:06:03
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