Default Probabilities for Mortgages

作者: James B. Kau , Donald C. Keenan , Taewon Kim

DOI: 10.1006/JUEC.1994.1017

关键词:

摘要: … able dollar value of the default option. This paper … probabilities and presents a wide range of results. The decision to terminate a mortgage results in the loss of the options to default or …

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