Dynamics and transitions in the agricultural sector of emerging countries are not well understood yet. A decade of major political and economic changes is challenging the Mediterranean Economies, affecting the primary sectors of transition economies which are largely influenced by recent trends....

This paper is about occupational stress and management of this type of stress. Recently occupational stress is increasing due to globalization and global economic crisis which is affecting almost all countries, all professions and all categories of workers, as well as families and societies....

Risk management has been progressively evolving into a systemic approach for organisational decision making in today’s dynamic economic environment of the global era. In this context, risk management is reaching beyond its traditional finance and insurance application context and is entering...

This paper examines ways of overcoming inconsistencies between IFRS and modern concepts of credit risk management, namely, expected loss model and risk-adjusted loan pricing. Also, it is considered an issue of acceptable levels of concentration risk in bank credit portfolio.

Copulas are a general tool to construct multivariate distributions and to investigate dependence structure between random variables. However, the concept of copula is not popular in Finance. In this paper, we show that copulas can be extensively used to solve many financial problems.

The article demonstrates that the 2008-2009th financial crisis in Ukraine has had a significant and complex impact on its budget. It is shown that the banking crisis has led to a reduction in taxes revenue in the budget, diversion of public funds for the capitalization of state banks and the...

The country risk literature argues that country risk ratings have a direct impact on the cost of borrowings as they reflect the probability of debt default by a country. An improvement in country risk ratings, or country creditworthiness, will lower a country's cost of borrowing and debt...

We propose an allocation process for economic risk capital using an internal sequential auction in which investment allowances are based on marginal risk contributions. Division managers have incentive to give truthful bids because of bonus payments, which are linear in the division’s profit...

We consider the situation when a scarce renewable resource should be periodically distributed between different users by a Resource Management Authority (RMA). The replenishment of this resource as well as users demand is subject to considerable uncertainty. We develop cost optimization and risk...

This paper reformulates the valuation of interest rate swaps, swap leg payments and swap risk measures, all under stochastic interest rates, as a problem of solving a system of linear equations with random perturbations. A sequence of uniform approximations which solves this system is developed...