This paper investigates the role of fundamentals in the speculative episodes experienced by the Czech Republic and Poland during the 1990s. The evidence suggests that the currency crises of the two Central and Eastern European countries are significantly related to macroeconomic fundamentals....

Internal credit ratings are expected to gain in importance because of their potential use for determining regulatory capital adequacy and banks’ increasing focus on the risk-return profile in commercial lending. Therefore, the components of internal credit ratings merit not only a qualitative...

This paper contributes to the rising field in international trade and industrial organization. A vast sample of Italian micro data is used to study the behavior of relative export prices in imperfect markets. It is shown that relative export prices, the relation of prices a firm charges on...