behaviors. But starting with 2000, it is observed a credit channel reactivation and, especially, interest rate channel. Anyhow …, the credit channel continues to be undermined by the existence of liquidity surplus within the system, by the phenomena of … substitution of national currency credit with currency credits, and also moral hazardous displays. Albeit some of these phenomena …

the investment projects. The credit market got developed and secures financial sources for the entrepreneurs. But each and … every credit is implying a less known aspect, as it is the subject of running a number of risks. The credit risk does exist … below is emphasizing a number of aspects concerning the management of the credit risk (i.e. the non-payment risk, the …