Defaulted Bonds: Demand, Supply and Performance, 1987–1992
作者： Edward I. Altman
关键词: Constant (mathematics) 、 Microeconomics 、 Debt 、 Default 、 Market value 、 Monetary economics 、 Economics 、 Supply and demand 、 Bond
摘要: Estimates of the market value total private and public defaulted distressed debt are as high $200 billion in 1990, with a slight decline to about $175 1992. The supply can be expected shrink nearfuture, defaults bankruptcies by large US. companies appear have peaked. At same time, demand for such securities is likely remain fairly constant long they offer competitive returns.
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