Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique unbalanced panel of nearly 700 short-term loans made to SMEs in Slovakia between January 2000 and June 2005. Of the loans granted, on average 6.0 per cent of the firms defaulted....

As there are apparently no doubts concerning the existence of Nazi anti-Semitism before 1933 regarding this topic - having largely been ignored by scholars of contemporary history - seems to be no use. This article tends to trace the role of anti-Semitism during the ascend of the Nazi-movement....