Predicting the default probability of companies in USA and EU during the financial crisis, A study based on the KMV model
The purpose of this study is to determine whether it is easier to predict the default probability in EU than in the USA or vice versa by analyzing the time period 2006-2009 which is characterized by the financial crisis. We will also establish whether there are any differences in the prediction of default probabilities between non-financial and financial firms. To be able to perform the study, we