This paper examines the behavior of financial markets efficiency during the recent financial market crisis. Using the Hurst exponent as a criterion of market efficiency we show that level of market efficiency is different for pre-crisis and crisis periods. We also classify financial markets of...

This paper examines persistence in the Ukrainian stock market during the recent financial crisis. Using two different long memory approaches (R/S analysis and fractional integration) we show that this market is inefficient and the degree of persistence is not the same in different stages of the...

The article deals with the nature,basic principles and objectives of the bank risk management system under modern conditions and the requirements of regulators to the transparency of its activities are considered. The authors developed a scheme of risk management and justified basic disclosure...

The paper describes the construction of a regional agricultural Social Accounting Matrix (SAM) for Ireland for the year 2007. The SAM describes the full circular flow of money and goods in the Irish economy. The SAM includes 61 activities, 60 commodities, 40 factors of production, 7 households,...

Quantitative policy analysts are usually confronted with the problem to derive a base-line scenario that reflects the most likely state of an economy in a future year. The methods used in practice to derive such a base-line scenarios are heterogeneous and range from the usage of the last...