The increase of financial crisis in 2008 helped to bring the recession in developed countries and the reduction of acceleration in the economies of emerging countries. Moreover, the degree of vulner-ability in emerging countries has increased through their dependence of external financing....

The global financial and economic crisis is felt in almost all the companies that operate on the European financial and insurance markets. The European insurance and re-insurance industry would register a significant decrease of the investments and a redu

The impact of the crisis on Europe comes from both direct and indirect channels. The direct effects have been felt mostly through the financial sector. For example, stock market volatility has increased since the onset of the crisis and wealth losses have been observed in the major stock...

A variety of factors led or contributed to the current financial crisis, including loose monetary policy; excessive financial market liquidity, leverage and maturity mismatch; weak risk management and underwriting standards; and poor incentives and regulatory gaps in some important segments of...

The scientific research is very careful supervised to national level, institutional and individual, products and services, a mean of preparing human resources highly qualified and as a source of prestige for countries, institutions and persons. Banks and generally the whole banking system must...

Banking practice has shown that risk is better controlled in a centralized system, as opposed to profit, whose size and scale is better controlled in a decentralized system, which includes its tracking on the centers of responsibility. In this context, the authors developed a model of coverage...

The current financial crisis seems to be more painful than those occurring in recent decades. This crisis caused a massive decline in the market confidence of both businesses and consumers. The crisis has affected a multitude of economic and financial activities such as financial markets that...