In the paper we analyze the reasons of Russian bank license withdrawal, formulated in orders of CB RF at the period 2005.2–2008.4. During this period, after establishing deposit insurance system in Russia, two main reasons were «money laundering» and «financial insolvency». We design...

Birnbaum (2011, 2012) questioned the iid (independent and identically distributed) sampling assumptions used by state-of-the-art statistical tests in Regenwetter, Dana and Davis-Stober's (2010, 2011) analysis of the ``linear order model''. Birnbaum (2012) cited, but did not use, a test of iid by...

In this paper we propose a new tool for backtesting that examines the quality of Value-at- Risk (VaR) forecasts. To date, the most distinguished regression-based backtest, proposed by Engle and Manganelli (2004), relies on a linear model. However, in view of the di- chotomic character of the...

Does local banking development stimulate firms' propensity to export? This is the question on which we try to shed light in this article. Indeed, the purpose of our paper is twofold. From a theoretical point of view we aim at demonstrating that in a country with an industrial structure...

The current study analyses the relation between global solvency, respectively the financial solvency (dependent variables) and a series of 10 indicators calculated from the balance sheet data, considered to be the most representative (independent variables). The analysis is based on the...

We consider the potential influence of contributions from interest groups to political rivals in the voting behavior of US legislators on international trade policy issues. Our application addresses the determinants of the Permanent Normal Trade Relations with China decision, and focuses...