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Actual Considerations Concerning The Individual Credit Risk


  • Laura Giurca Vasilescu
  • Catalina Sitnikov
  • Nicoleta Fota


The credit risk is one of the most dangerous category of banking risks because it covers a wide range of products and services. In the last years we were the witnesses to an intensification of the negative impact of this kind of risk at the international level. In the transition economies, the credit risk�s potential was overdimensioned by the various evolutions of the companies and their debt level.

Suggested Citation

  • Laura Giurca Vasilescu & Catalina Sitnikov & Nicoleta Fota, 2006. "Actual Considerations Concerning The Individual Credit Risk," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 1(1(1)_2006), pages 19-23.
  • Handle: RePEc:ush:jaessh:v:1:y:2006:i:1(1)_2006:p:19-23

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    References listed on IDEAS

    1. Malmsten, Hans & Teräsvirta, Timo, 2004. "Stylized Facts of Financial Time Series and Three Popular Models of Volatility," SSE/EFI Working Paper Series in Economics and Finance 563, Stockholm School of Economics, revised 03 Sep 2004.
    2. Brock, W.A. & Dechert, W.D. & LeBaron, B. & Scheinkman, J.A., 1995. "A Test for Independence Based on the Correlation Dimension," Working papers 9520, Wisconsin Madison - Social Systems.
    3. Merton, Robert C., 1976. "Option pricing when underlying stock returns are discontinuous," Journal of Financial Economics, Elsevier, vol. 3(1-2), pages 125-144.
    4. Venier, Guido, 2008. "A Simple Hypothesis Test for Heteroscedasticity," MPRA Paper 11591, University Library of Munich, Germany.
    5. Cipian Necula, 2008. "Option Pricing in a Fractional Brownian Motion Environment," Advances in Economic and Financial Research - DOFIN Working Paper Series 2, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    6. Benoit Mandelbrot, 2015. "The Variation of Certain Speculative Prices," World Scientific Book Chapters,in: THE WORLD SCIENTIFIC HANDBOOK OF FUTURES MARKETS, chapter 3, pages 39-78 World Scientific Publishing Co. Pte. Ltd..
    7. J. Huston McCulloch, 2003. "The Risk-Neutral Measure and Option Pricing under Log-Stable Uncertainty," Working Papers 03-07, Ohio State University, Department of Economics.
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    credit risk; bank lending;


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