• A Model of Bankruptcy Prediction 

      Bernhardsen, Eivind (Working Papers;10/2001, Doctoral thesis; Working paper, 2001)
      In this thesis, a model of bankruptcy prediction conditional on financial statements is presented. Apart from giving a discussion on the suggested variables the issue of functional form is raised. The specification most ...
    • A Suite-Of-Models Approach to Stress-Testing Financial Stability 

      Andersen, Henrik; Berge, Tor Oddvar; Bernhardsen, Eivind; Lindquist, Kjersti-Gro; Vatne, Bjørn Helge (Staff Memo;2/2008, Working paper, 2008)
      This paper presents a suite of models developed to stress-test financial stability. A macro model is linked to micro data-based models for households, firms and banks. The macro model includes credit- and consumer ...
    • Bankenes prising av risiko ved utlån til foretakssektoren 

      Bernhardsen, Eivind; Larsen, Kai (Journal article, 2002)
      En bank som priser sine utlån for lavt i forhold til risikoen, vil svekke sin soliditet, og bankenes prising av risiko har derfor betydning for stabiliteten i det finansielle systemet. Artikkelen ser på sammenhengen mellom ...
    • Banks’ Pricing of Risk Associated with Corporate Lending 

      Bernhardsen, Eivind; Larsen, Kai (Journal article, 2003)
      If a bank on average prices its loans too low in relation to the risk associated with the loans, the bank’s financial strength will deteriorate over time. Banks’ pricing of risk is therefore important to the stability of ...
    • Model for Analysing Credit Risk in the Enterprise Sector 

      Eklund, Trond; Larsen, Kai; Bernhardsen, Eivind (Journal article, 2001)
      When banks’ overall risk is evaluated, their credit risk exposure to the enterprise sector is a key element. In analyses of banks’ credit risk in the enterprise sector, both a macroeconomic and a business economics approach ...
    • Modell for analyse av kredittrisiko i foretakssektoren 

      Eklund, Trond; Larsen, Kai; Bernhardsen, Eivind (Journal article, 2001)
      Sentralt i vurderingen av bankenes samlede risiko er deres kredittrisiko overfor foretakssektoren. I analyser av bankenes kredittrisiko overfor foretakssektoren legges generelt både en makroøkonomisk og en bedriftsøkonomisk ...
    • Modellering av kredittrisiko i foretakssektoren - Videreutvikling av SEBRA-modellen 

      Bernhardsen, Eivind; Larsen, Kai (Journal article, 2007)
      Norges Bank har siden 2001 brukt en empirisk modell, SEBRA-modellen, til å anslå sannsynligheter for konkurs i norske aksjeselskap. Modellen brukes også til å anslå bankenes forventede utlånstap til foretak og ulike næringer. ...
    • Modelling Credit Risk in the Enterprise Sector – Further Development of the SEBRA Model 

      Bernhardsen, Eivind; Larsen, Kai (Journal article, 2007)
      Since 2001, Norges Bank has used an empirical model, the SEBRA model2, to estimate bankruptcy probabilities for Norwegian limited companies. The model is also used to estimate banks’ expected losses on loans to enterprises ...
    • Stress Testing the Enterprise Sector's Bank Debt - a Micro Approach 

      Bernhardsen, Eivind; Syversten, Bjørne Dyre H. (Staff Memo;5/2008, Working paper, 2008)
      This paper describes Norges Bank’s micro stress testing framework for assessing the Norwegian banking sector’s losses on loans to the non-financial enterprise sector. Using projected macro variables and a stock-flow approach, ...