penalties to extend the duration of loans and required larger down payments to lower their credit risk exposure from high-risk loans. Borrower cost associated with subprime lending is driven primarily by ...
bankruptcies
corporate equity
credit risk
credit scores
cross 2002
economic conditions
economic factor
evolution
gillen
high risk loans
history requirements
market
mortgage
mortgage market
pennington
poor credit history
prepayment penalties
prime market
product choices
rental payments
risk exposure
subprime
typical household
wachter
been proposed to ensure that banks survive crisis periods without government support. Keywords: credit risk, financial crisis, stress testing, basel 3. ...
basel
buffers
corporate loan
credit
credit risk
crisis periods
critical factors
depression
financial crisis
government support
great
great depression
investment horizon
loan portfolios
magnitude
migration
observation period
regulatory capital
scenario
scenarios
stress
stress testing
testing
three times
transition data
worst case scenario