Due to their very limited access to the capital market bank financing is of outstanding importance for small and medium-sized companies. Often, however, the latter can only barely provide the collateral corresponding to the enhanced capital requirements for financial institutions (Basel III). As...

The current capital accord ("Basel I") has been found inadequate in strengthening the stability of the international banking system. Its undifferentiated and inexact registration of credit risks and the breakneck pace of introducing innovative financial tools have greatly impaired its...

The construction of regional input-output tables is often hampered by a scarcity of data. Various methods have been applied to derive such tables from their national counterparts using all available information on the sectoral structure of the regional economy. In this paper a partial survey...