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In this paper, we consider three common mechanisms that suppliers use to address credit default problems: the screening, checking and insurance mechanisms.
Deutsche Bank does have retail banking businesses in Germany, and though the bank will see rising impairments as unemployment increases, the scale of the default problems will be nothing like the rest of Europe.
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Neither the department nor Congress talk much about a student loan default problem.
With Japan's corporate loan default problem and public indebtedness, Mr. Hubbard warned bluntly against "baby steps that don't involve real action".
In a worst-case contagion, Bank of America analysts wrote Friday, "One cannot rule out — as a tail-risk — a case where this would escalate into a major sovereign default problem, which would then resonate across global emerging markets in the same way that Argentina did in the early 2000s or Russia in the late 1990s".
Under those two assumptions, the "second" default problem is actually conditional on the occurrence of the first default in the same Poisson process.
The Department of Education, however, failed to fulfill its role, and did not disclose to the group the true magnitude of the default problem, as one would expect it to.
CoreStates' number crunchers will use the SAS System to "drill down" through all the bank's electronic data and determine whether the bank's default problem stems from a specific type of loan, or a particular branch, or a certain kind of customer.
The subject of the lobbying fight is a proposed rule by the Department of Education aimed at stemming a growing student debt and default problem in the industry.
In the rest of the paper, this is called "two-default" problem, which is a more accurate approximation of the time cost than the default-free replacement contract model, or the "one-default" problem discussed previously.
But when it slows, those borrowers could default, causing problems to cascade through the financial system.
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