Not only is this calculation crucial for their analysis, it is a useful survey of three different methodologies for arriving at loss estimates. The authors first use a standard vintage curve analysis on outstanding mortgagebacked securities.
Progress in this direction will not only enhance the underlying growth potential of the euro area economy over the medium term, but will also help to bolster consumer and business confidence over a shorter horizon. We are now at your disposal for questions. 2  BIS Review 1/2005