Learn about the Merton Model for evaluating corporate credit risk, developed by Robert Merton in 1974, and used by analysts ...
Mutual credit relations between banks can destabilize the financial system, as the 2007-08 crisis laid bare. Researchers at ...
Insurance company borrowings from the Federal Home Loan banks — including, notably, from subsidiaries of private credit firms — have hit record levels, even as regulators and analysts are increasingly ...