Erratum: Modelling recovery rates for non-performing loans (Risks, (2019), 7, 19)

Abstract

The authors wish to make the following corrections to this paper (Ye and Bellotti 2019): In Section 2, the description of Dataset 1 stated that ‘only 2.5% have mortgage debt’. This should read ‘only 2.5% are refinanced credit cards (product = “R”)’. This error does not affect any other aspect of the article. The authors would like to apologize for any inconvenience caused to the readers by these changes.