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The global financial crisis and stiff market competition enhance risk exposures that raise debate on the cost of financial intermediation and the supremacy of banks' efficiency. This study examines the concurrent effects of bank risk, efficiency and cost of financial intermediation of...
Persistent link: https://www.econbiz.de/10014001383
The study aims to investigate the impact of credit growth on the Maastricht criteria targeting process in the new member states of the European Union. The methodological framework is based on a two-compenent transmission mechanism represented by the output gap and the nonperforming loans. The...
Persistent link: https://www.econbiz.de/10010491476
This paper proposes a framework for deriving early-warning models with optimal out-of-sample forecasting properties and applies it to predicting distress in European banks. The main contributions of the paper are threefold. First, the paper introduces a conceptual framework to guide the process...
Persistent link: https://www.econbiz.de/10012142026
The transformation of credit scores into probabilities of default plays an important role in credit risk estimation. The linear logistic regression has developed into a standard calibration approach in the banking sector. With the advent of machine learning techniques in the discriminatory phase...
Persistent link: https://www.econbiz.de/10013041410
In diesem Artikel wird erläutert, warum Karl Marx und Friedrich Engels den Kapitalismus fälschlicherweise für ein … System zur Ausbeutung der Arbeiter hielten. Hielte man an ihrem Ausbeutungsbegriff fest, müsste man den Kapitalismus als ein …This article explains why Karl Marx and Friedrich Engels were wrong in assuming that capitalism is a system …
Persistent link: https://www.econbiz.de/10011733827
intellektueller Orientierung, aufgrund dessen der Kapitalismus Gefahr läuft, nicht an seinen Misserfolgen, sondern ausgerechnet an … ideological problem, a problem of intellectual orientation, in the course of which capitalism runs the danger of failing, not …
Persistent link: https://www.econbiz.de/10011733828
Research Question - This study examines whether bankruptcy prediction models work well during recessionary periods, on an advanced economy, and how their results can be improved, via a methodological approach to change the coefficients of their variables. Motivation - This is the first study to...
Persistent link: https://www.econbiz.de/10015195837
This paper proposes a hybrid approach to the forecasting of firms' bankruptcy of Spanish enterprises from the construction sector. Our proposal starts splitting the group of healthy companies into two subgroups: borderline and non-borderline companies. Borderline companies are healthy companies...
Persistent link: https://www.econbiz.de/10015195990
In highly developed countries, research in the field of bankruptcy risk prediction has been conducted for many years. For example, in the United States, which can be considered a pioneering country, the first publications appeared in the early twentieth century. In Poland, due to political and...
Persistent link: https://www.econbiz.de/10013466206
The article is an attempt to assess whether foreign discriminatory models can be used in conditions of the Polish economy. To date, there is no one voice on this issue. There are views that this approach is wrong. It results from different factors affecting a given economy, or another character...
Persistent link: https://www.econbiz.de/10013466220