This paper presents results from an econometric analysis of Russian bank defaults during the period 1997 2003, focusing on the extent to which publicly available information from quarterly bank balance sheets is useful in predicting future defaults.Binary choice models are estimated to construct...

The rating agencies were emerged by the demand from market economy. Such agencies take the job of independent evaluation of the firms' financial strength, which allow firms decrease their expenses on their own market monitoring. It is extremely important with increasing number of potential...

The paper analyses cost efficiency of Russian banks. Models of banks' production function are developed using stochastic production function approach. We consider several models, and the models of particular interest are models, which include asset quality and risk-preferences as factors....