The banking societies, as economical entities with specific activities inside the economy, draw up yearly financial situations, as well as in the situations designedly specified by the lawgiver. The financial yearly situations which the banking companies are compelled to draw up and at the same...

The development of the activity by the banking companies, in normal conditions, imposes on that these ones should dispose on a certain volume of proper funds, determined in accordance with their size, the profile of operations and the assumed risks. The specific of banking activity imposes on...

The non-banking financial institutions take an extremely important place inside the financial market and therefore play an apprecialble role in the economy. Taking into account the specific nature of the operations that these operators are authorized to develop, it is necessary for their...

One of the fundamental principles of the bank activity is prudence. This principle manifest on one hand in substance of the reglementations regarding bank activity at national, european and international level and, on the other hand, in operational activity of each bank institution and, implicit...

In a banking society's activity those operations made with titles are frequent and among them the operations with transaction titles takes a very important place. The specific of transaction titles operations consist in the fact that thhey are bought to be tranzactioned in the shortest timne...

Credit institutions, as well as the other institutions integrated into the financial system, are subject more and more to some attempts from the simpliest to the most sophisticated, with some most various means and instruments, of their perspicacity and utilization with a view of money...

The activity of bank institutions is subjrcted to a range of risks, and therefore these indtitutions are supossed to deal with their administration to the highest possible. An efficient administration of risks of the credit institutions supposes, among others, identification of considerable...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...