evidence that foreign banking penetration can be associated with a contraction of banking credit, especially in countries with … poor credit markets. Second I present a model in which the presence or the absence of foreign lenders endogenously modifies … firms credit constraints and hence the volume of credit extended in the economy. Specifically, I show on the one hand that …

credit offered to firms, and requiring the intermediaries to raise further funds by paying the cost to issue equity. This … are characteristic of the credit crunches observed in the data. …

This book presents the state-of-the-art with respect to credit risk evaluation and pricing within the contemporary … global banking and financial system. It focuses on credit pricing in illiquid, liquid and hybrid markets. No one with any … connection to the credit management business will be able to do without it …

Purpose of this paper was to research portfolio optimization problem on Croatian capital market using Markowitz theory …