biguo · 2024年03月29日
NO.PZ2021120102000026
问题如下：
Which of the following phases of the credit cycle typicallyinvolves a decline in the number of issuer defaults?
选项：
A.
Late expansion phase
B.
Early expansion phase
C.
Peak phase
解释：
A is correct. The late expansion phase is typicallyassociated with accelerating growth, peak profits, stable leverage, and a decline indefaults.
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
pzqa31 · 2024年03月29日
嗨，爱思考的PZer你好：
总体来讲这些经济阶段其实是逐渐渐进的过程。
late expansion是扩张后期，经历了早期的政策刺激、经济增长，此时经济已经逐渐复苏，企业还处在扩张的阶段，投资热情还没有退去，所以此时违约率是下降的。
peak phase是一轮经济增长周期的后期，此时经济处于过热状态，整个经济体产能过剩，供大于求，企业产品销售出现颓势，现金流下降，个别尾部企业因为现金流问题出现违约，所以，此时经济体的违约数量是保持不变或者增加。
----------------------------------------------虽然现在很辛苦，但努力过的感觉真的很好，加油！
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 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
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. RT
