In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...

The increasing word wide competition of the global firms has been stirred up the difference geographic areas to compete versus the others. Each country tries to be leader on the market and to take advantage by the own resources and the potentiality to grow up. The geographic areas are managed...