counselor, the judge and the saviour. This article focuses on interactions surrounding credit and demonstrates that banking …

by ethics and neurobiology. It argues for an understanding of busi-ness ethics which sees the economic agents’ freedom of … developments in behav-ioural economics, ethics and neurobiology, it argues for the extension of this concept by con-sciously or … Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …

banking capital regulation, the assessment of credit risk carried out by an international bank in a given country not only … diversification increases without limits, the macroeconomic implication of a change of credit risk estimation, via the new capital …

, credit risk could materialize, causing a substantial deterioration in banks’ results. …

credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …

commercial credit rating agencies. Estimates for 20 emerging market economies show that sovereign ratings react procyclically to … run up to the crises. Simulations suggest modest efficiency gains of using sovereign credit ratings for capital …