Joint Probability of Default (JPoD) for Banks
with Higher and Lower Losses1
(In percent)
0.6
0.5
Banks with higher losses (H)
0.4
0.3
0.2
Banks with lower losses (L)
0.1
2006
07
08
0
Sources: Bloomberg L.P.; and IMF staff estimates.
1
On March 5, 2008, the JPoD for H banks was higher than that
for L banks by a factor of 1.3.
boxfigure1.4.B