stevenxing · 2022年08月13日
NO.PZ2021120102000026
问题如下：
Which of the following phases of the credit cycle typically involves a decline in the number of issuer defaults?
选项：
A.Late expansion phase
Early expansion phase
Peak phase
解释：
A is correct. The late expansion phase is typically associated with accelerating growth, peak profits, stable leverage, and a decline in defaults.
RT
NO.PZ2021120102000026 问题如下 Whiof the following phases of the cret cycle typicallyinvolves a cline in the number of issuer faults? A.Late expansion phase B.Early expansion phase C.Pephase A is correct. The late expansion phase is typicallyassociatewith accelerating growth, peprofits, stable leverage, ana cline infaults.
NO.PZ2021120102000026 问题如下 Whiof the following phases of the cret cycle typicallyinvolves a cline in the number of issuer faults? A.Late expansion phase B.Early expansion phase C.Pephase A is correct. The late expansion phase is typicallyassociatewith accelerating growth, peprofits, stable leverage, ana cline infaults. 请问C为什么不对？Pephase为什么不是cline in issuer fault啊？
NO.PZ2021120102000026问题如下 Whiof the following phases of the cret cycle typicallyinvolves a cline in the number of issuer faults? A.Late expansion phaseB.Early expansion phaseC.Pephase A is correct. The late expansion phase is typicallyassociatewith accelerating growth, peprofits, stable leverage, ana cline infaults. 我感觉peak和late expansion阶段其实性质都差不多，为什么一个违约率是稳定的。一个是下降的
NO.PZ2021120102000026 问题如下 Whiof the following phases of the cret cycle typicallyinvolves a cline in the number of issuer faults? A.Late expansion phase B.Early expansion phase C.Pephase A is correct. The late expansion phase is typicallyassociatewith accelerating growth, peprofits, stable leverage, ana cline infaults. 根据讲义的图，peak的时候cret curve更加陡峭
