Theoretical and Applied Economics
No. 3 / 2006 (498)
New Values in Credit Risk Management
Universitatea Babes-Bolyai Cluj-Napoca
Abstract. Taking into account the high importance of the banking activity for the economic system of any country - due to its functions as a payment mechanism, credit allocation or transmission vehicle of the monetary policy - its supervision on a prudential basis becomes an essential condition for enhancing the economic and financial health of any country. The Basel I Acord proposals gave special attention to the calculus of an optimum level of banking capitalization which was to be determined as a function of the aggregate level of risks to which each institution was exposing, in exercising its activities as financial intermediary. The objective of the Basel II new regulations was actually intended to improve the risk management of the banking system in order for it to take account of the new realities characterizing the present financial world: the uncertainty dominating this world as well as and the volatility of the flow of capitals.
Contents
John Kenneth Galbraith, A Life in Order to Fulfill a Perfect Society
SME’s and Basel 2 Challenge
Romanian Market Researches in Global Market Context
About some Methodological Aspects of Budgetary Sustainability
New Values in Credit Risk Management
International Accounting Convergences Related to EU Admitance
Systemic Model for Optimal Regulation in Public Service
VAR Methodology Used for Exchange Risk Measurement and Prevention
The Explanatory Model of Globalization
Privatization between Professionism and Transparency
Bonds Evaluation - A Pillar for Investment Decision
Correlation Analysis between Nominal and Real Convergence. The Romanian Case
Research about Romanian Labor Force at the end of 2005
Organizational Factors Impact about Touristic Services Consumer Satisfaction
Social European Model between Descriptive and Contrafactual
Measuring the Degree of Local Administration Action in Economic Development
Romanian Fiscal Policy in Perspective of Admittance in EU
Facing a New Globalization Model – Altermondialisation Perspectives
Option Pricing with Stochastic Volatility and Jump Diffusion Processes