The non-normality of asset return distributions has been a stylized fact in the empirical finance literature. Fat-tailedness, in particular, can have significant impact on the accuracy in computing value at risk (VaR), which became popular from the mid – 1990s as a primary measure of market...

The article presents a study which aims to analyze the role of credit risk in banking industry. Nowadays the credit risk is still the most important risk in banking. In recent years, many banks have built new businesses – in particular trading operations and services – that generate fees and...

The article presents a study which aims to analyze the role of information technology (IT) in the banking industry. Technological innovations have enabled the industry to open up efficient delivery channels. IT has helped the banking industry to deal with the challenges the new economy poses....

More often the quality aspects of environmental factors are emphasized, a thorough approach of the issue on the basis of reality facts is imposed. By critically generalizing and driving the essential from the regional reality, a better underlying of the environmental protection politics can be...

The budget deficit is a problem with modern states are faced in our times. It is not dangerous because of the disbalance between revenues and expenses, but because of the complexity of the elements that have caused it, as well as the economic and financial consequences it brings about. The...

The common goal of methods for calculating the environmental costs is to highlight the extent of change of the resource potential and hence the property owner's welfare in monetary terms, which allows assessment of the costs, or comparing alternatives. Integrated assessment of costs shall apply...

Exponential technological societal development was made possible trough risk-taking, and economic growth could not be realized if certainty was put prior to risk. The market economy has in its essence assuming some risks, that without them the activity of an economic agent under risk would be...

Defining risks and performances is a classical procedure, but also very important, because it is the base in evaluating risks. The patterns of evaluation are the most important instruments of scientific knowledge, a conventional image of the objective that needs to be examined. Those are builder...

The article presents a study which aims to analyze the role of Basel regulatory in the context of changing the behaviour of financial markets actors. The main focus of the Basel Committee is regulatory relating to the activities of international banks. As discussed of the industry and almost all...

In this document we presented what the management of the environmental risk means from the perspective of the financial activities. I also we described the loan evaluation process from the perspective of the environmental risk management. In the context of the fast development of the banking...