| Budget Amount *help |
¥3,094,000 (Direct Cost: ¥2,380,000、Indirect Cost: ¥714,000)
Fiscal Year 2011: ¥1,482,000 (Direct Cost: ¥1,140,000、Indirect Cost: ¥342,000)
Fiscal Year 2010: ¥1,612,000 (Direct Cost: ¥1,240,000、Indirect Cost: ¥372,000)
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| Research Abstract |
We study the empirical study for the defaults and recovery rates. We investigate the effect for the default timing and recovery rate of macro variable and other variables. Also, we construct the theoretical models between default timing and recovery rates. From this model, we derive the distribution of default timing and the expectation and the variance of recovery rates.
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