The financial system as investors have known it for many decades is dealing with a new reality of negative interest rates and yields. Behind this phenomenon lie many factors and their consequences…
This is Credit Journal – a curated compilation of Fitch Ratings’ in-depth research and commentary. This edition takes a deep dive into the Sovereigns space, including the risks associated with rising…
The authors study the joint conditional distribution of GDP growth and corporate credit spreads using a stochastic volatility VAR. Their estimates display significant cyclical co-movement in…
