Concerns vis-à-vis the issue of increasing the competitiveness of commercial banks is an actual one and which has attracted diverse personalities in the area of debates, such as scientists, economists, bankers, businessmen, investors and even the civil society, the banks being through their...

This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.

Rochet constructs a model of the payment flows that allows him to capture in a simple fashion the propagation of financial crises in an environment where both liquidity shocks and solvency shocks affect financial intermediaries that fund long-term investments with demand deposits. Forbes...

This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.

The principle of uncertain future: the probability of a future event contains a degree of (hidden) uncertainty. As a result, this uncertainty (in a sense, similar to vibrations, fluctuations) pushes the probability value back from the bounds to the middle of its range (from ~100% and ~0% to the...