Related papers: Life after (Soft) Default
Digital financial services can introduce new digital-safety risks for users, particularly survivors of intimate partner financial abuse (IPFA). To offer improved support for such users, a comprehensive understanding of their support needs…
The technical debt (TD) metaphor describes actions made during various stages of software development that lead to a more costly future regarding system maintenance and evolution. According to recent studies, on average 25% of development…
I develop and estimate a dynamic equilibrium model of risky entrepreneurs' borrowing and savings decisions incorporating both formal and local-informal credit markets. Households have access to an exogenous formal credit market and to an…
The usage of error handling in Solidity smart contracts is vital because smart contracts perform transactions that should be verified. Transactions that are not carefully handled, may lead to program crashes and vulnerabilities, implying…
Excessive leverage, i.e. the abuse of debt financing, is considered one of the primary factors in the default of financial institutions. Systemic risk results from correlations between individual default probabilities that cannot be…
Using Croatian data and the IMF's Natural Disaster Debt Dynamic Tool, this paper assesses how public debt adjusts to extreme events in a small open economy. We compare debt paths under baseline and stress scenarios, the latter simulating a…
The rapid adoption of Deep Learning (DL)-enabled systems has revolutionized software development, driving innovation across various domains. However, these systems also introduce unique challenges, particularly in maintaining software…
In an Ultrafast Extreme Event (or Mini Flash Crash), the price of a traded stock increases or decreases strongly within milliseconds. We present a detailed study of Ultrafast Extreme Events in stock market data. In contrast to popular…
Self-Admitted Technical Debt (SATD) refers to the phenomenon where developers explicitly acknowledge technical debt through comments in the source code. While considerable research has focused on detecting and addressing SATD, its true…
In this paper, we study network reliability in relation to a periodic time-dependent utility function that reflects the system's functional performance. When an anomaly occurs, the system incurs a loss of utility that depends on the…
Technical Debt is a metaphor used to describe the situation in which long-term software artifact quality is traded for short-term goals in software projects. In recent years, the concept of self-admitted technical debt (SATD) was proposed,…
Assessing the stability of economic systems is a fundamental research focus in economics, that has become increasingly interdisciplinary in the currently troubled economic situation. In particular, much attention has been devoted to the…
A simple banking network model is proposed which features multiple waves of bank defaults and is analytically solvable in the limiting case of an infinitely large homogeneous network. The model is a collection of nodes representing…
Business process deviance refers to the phenomenon whereby a subset of the executions of a business process deviate, in a negative or positive way, with respect to {their} expected or desirable outcomes. Deviant executions of a business…
To complete tasks faster, developers often have to sacrifice the quality of the software. Such compromised practice results in the increasing burden to developers in future development. The metaphor, technical debt, describes such practice.…
Context: Contemporary software development is typically conducted in dynamic, resource-scarce environments that are prone to the accumulation of technical debt. While this general phenomenon is acknowledged, what remains unknown is how…
The rise of transient faults in modern hardware requires system designers to consider errors occurring at runtime. Both hardware- and software-based error handling must be deployed to meet application reliability requirements. The level of…
Media reports show an alarming increase of data breaches at providers of cybersecurity products and services. Since the exposed records may reveal security-relevant data, such incidents cause undue burden and create the risk of…
This work is attached to the BRICS 2013 competition. We propose a two-stage model for dealing with the temporal degradation of credit scoring models. This methodology produced motivating results in a 1-year horizon. We anticipate that it…
This study explores the interdependent relationship between consumer credit and consumer confidence in the United States using monthly data from January 1978 to August 2024. Utilizing a Vector Error Correction Model (VECM), the analysis…