BuDA is an analytical framework that allows economists and financial analysts to project the probability of default of publicly listed firms in an economy, an industrial sector, or a specified portfolio under user-specified macrofinancial scenarios.

BuDA is implemented as a fast and powerful Matlab-based platform and toolbox. Its current version includes 39 economies comprising close to 20,000 firms:

Countries not included in the above list can be added to BuDA upon request. Our database includes 110 economies so it is very likely that data for the country that interests you is available.

Please contact us to discuss further.

The BuDA platform was originally developed by Jin-Chuan Duan, Weimin Miao, and Jorge A. Chan-Lau as a cooperation project between the Credit Research Initiative of the Risk Management Institute at the National University of Singapore, and the Institute for Capacity and Development at the International Monetary Fund.

When using BuDA in your work, please cite it as:

Duan, J.-C., W. Miao, J.A. Chan-Lau, and the Credit Research Initiative of the National University of Singapore, 2017, BuDA: A Bottom-Up Default Analysis Framework, Matlab toolbox version 2.0.

BuDA is available to Fund economists and analysts as a stand-alone Matlab toolbox. To run it, you need to have Matlab installed in your machine, including the Parallel Processing toolbox. The program should run using Matlab releases 2015 to 2017b.

Download instructions:

Because of its size, approximately 5 Gb, the BuDA toolbox is hosted in our servers. To obtain the link, please contact us to obtain the toolbox download link.

In your email, please include the following information:

• Your name and contact information
• Purpose of your analysis

This will help us arrange a brief consultation session to ensure you can get the most out of your BuDA analysis.

• jchanlau@imf.org
• 202 623 7364
• IMF, 700 19th St NW, Washington, DC 20431
• Monday 8:00 to 11:00 or email for appointment