01751cas a2200277 a 4500 AALejournalIMF008631 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854411 1018-5941 BD-DhAAL BD-DhAAL Xiao, Yingbin. The Contingent Claims Approach to Corporate Vulnerability Analysis : Estimating Default Risk and Economy-Wide Risk Transfer / Yingbin Xiao, Dale Gray, Cheng Lim, Michael Gapen. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this paper, we examine the ability of the contingent claims approach (CCA) to identify corporate sector and economy-wide vulnerabilities. We apply the Moody's MfRisk model, which uses aggregated CCA principles, to assess vulnerabilities retroactively in two historical country cases. The results indicate that the method may prove helpful in identifying corporate sector vulnerabilities and estimating the associated value of risk transfer across interrelated balance sheets of the corporate, financial, and public sectors. Mode of access: Internet Gapen, Michael. Gray, Dale. Lim, Cheng. IMF Working Papers; Working Paper ; No. 2004/121 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/121/001.2004.issue-121-en.xml IMF e-Library