And additionally rate of interest risk, households’ resilience so you can money shocks are analyzed having fun with a chances of standard (PD) model. You will find several options for quoting PDs: included in this is utilizing historical study out of genuine non-payments and fitting a beneficial logistic regression. The brand new ECB install a good pooled logistic regression design, predicated on loan height research and many macroeconomic signs, so you can estimate one-year-ahead possibilities of standard for mortgages. (altro…)