Appendix: Country Risk/Issuer Risk

Johannes Wernz

Chapter 12 in Bank Management and Control, 2014, pp 103-104 from Springer

Abstract: Abstract Default risk is composed of an individual, idiosyncratic part and a systemic part. The systemic part is due to the general economic situation in the region or country. If the economy has slowed, there is more unemployment and there are more defaults of corporations and private clients than there are in a booming economy.

Keywords: Idiosyncratic Part; General Economic Situation; System Parts; Default Risk; Economic Boom (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-40374-3_12

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