В статье рассмотрены теоретические аспекты предпринимательской деятельности в условиях углубления интеграционных процессов. Исследованы тенденции развития...

A common feature of financial intermediaries is that the welfare of one borrower is adversely affected by the poor performance of other borrowers. That is, there exists a degree of joint liability among the borrowers of a financial intermediary. This paper provides an explanation for this...