The Greek stock market started trading in 1876 as the Athens Stock Exchange (ASE). During the 1990s, reforms that modernised ASE took place. In 1991, the first electronic trading system (ASIS) was established, replacing the open outcry method. In addition the Central Securities Depository (CSD),...

The purpose of this article is mainly twofold: first, to discuss the difficulties that being a member of the European Monetary Union (‘EMU') entail, with particular focus on Greece and on the implications of an internal devaluation. Secondly, how debt re-profiling can help to support the...

Altman's Z-Score is one of the best known, statistically derived predictive models used to forecast a firm's impending bankruptcy. Altman's model utilises multiple discriminant analysis (MDA). MDA is used to classify an observation into one of two or more groups that have been established by the...