Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125610
Authors: 
Kyritsis, Costas
Hytis, Evangelos
Year of Publication: 
23-May-2013
Citation: 
[Title:] Proceedings of the 3rd International Conference on Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences, 23-24 May 2013, T.E.I. of Athens, Greece, ISBN: 978-960-98739-4-9, pp.255-260. (Pub. Technological Educational Institute of Athens, Greece)
Abstract: 
In the current paper, we study the stability and the survival probabilities of enterprises and banks within a prolonged duration of the debt-crisis, with Monte Carlo simulation. We utilize historical data from banks and enterprises within the debt-crisis to define crisis-variability and crisis-average values of input parameters of the simulation. We introduce the concept of equities maximum draw-down as dynamic survival indicator. Finally we estimate the survival probabilities of enterprises and banks within a prolonged duration of the debt crisis.
Subjects: 
Monte Carlo simulation
Bankruptcy probabilities
Debt-crisis
Bank stability
JEL: 
C63
C53
C8
G2
M41
Document Type: 
Conference Paper

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