欧洲央行-风险抵押品和违约概率(英)-2026.1
聚焦欧洲央行-风险抵押品和违约概率(英)-2026.1。The second set of results shows that the relationship between collateral and default prob-ability is not linear but follows a U-shaped pattern. When the amount of collateral increases from low to moderate levels, the probability of default falls, consistent with traditional theories.