Arbeitspapier
Blockchains, Real-Time Accounting and the Future of Credit Risk Modeling
In this paper (letter) I discuss how blockchains potentially could affect the way credit risk is modeled, and how the improved trust and timing associated with blockchain-enabled real-time accounting could improve default prediction. To demonstrate the (quite substantial) effect the change would have on well-known credit risk measures, a simple case-study compares Z-scores and Merton distances to default computed using typical accounting data of today to the same risk measures computed under a hypothetical future blockchain regime.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2016:4
- Classification
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Wirtschaft
Bankruptcy; Liquidation
Corporate Finance and Governance: Other
Accounting
Auditing
- Subject
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blockchain
credit risk modeling
real-time accounting
- Event
-
Geistige Schöpfung
- (who)
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Byström, Hans
- Event
-
Veröffentlichung
- (who)
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Lund University, School of Economics and Management, Department of Economics
- (where)
-
Lund
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Byström, Hans
- Lund University, School of Economics and Management, Department of Economics
Time of origin
- 2016
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