It is well known that some relationship between systematic risk and credit risk prevails in financial markets. In our study, S&P 500 stock index return is our market risk proxy whereas credit spreads represent our credit risk proxy as a function of maturity, rating and economic sector. We...

THE DEVELOPMENT SOCIAL RELATIONSHIP IN OUR TIMES IMPOSE A GROWING IMPORTANCE TO 'TRUST' AS A RESOURCE BETWEEN PERSONAL RELATIONSHIP AS BETWEEN PERSONS AND COMPLEX SOCIAL SYSTEM. THE MAIN FEATURE OF MODERNITY IN SOCIAL CONNECTIONS IS GIVEN BY THE SPREAD OF A 'TIME/SPACE' DISTANCE. THE INCREASING...