Abstract

In this paper, the author defines the concept of credit emergency and study the relationship between changes of credit emergency and credit risk. Based on the analysis of the changing process of complex credit risk system consisted of multifactors, the author also study the distribution of credit emergency and find it conforms to Poisson distribution of stochastic processes. By using Poisson distribution, the author establish Poisson process model of credit emergency, and deduces the expectation of time interval which enterprises maintain its certain financial status under the influence of credit emergency. The economic implication of the expectation shows the average credit emergency which has influence on enterprise credit in a certain interval.

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