scholarly journals Credit risk determinants in Sub-Saharan banking systems: Evidence from five countries and lessons learnt from Central East and South East European countries

2017 ◽  
Vol 7 (1) ◽  
pp. 52-63 ◽  
Author(s):  
Eftychia Nikolaidou ◽  
Sofoklis Vogiazas
Keyword(s):  
Credit Risk ◽  
European Countries ◽  
East European ◽  
Banking Systems ◽  
Lessons Learnt ◽  
Sub Saharan ◽  
Risk Determinants

scholarly journals Multi-Country Study of Bank Credit Risk Determinants

2008 ◽  
Author(s):  
Nor Hayati Bt Ahmad ◽  
Mohamed Ariff
Keyword(s):  
Credit Risk ◽  
Emerging Economies ◽  
Banking System ◽  
Emerging Economy ◽  
Empirical Literature ◽  
Regulatory Capital ◽  
Banking Systems ◽  
Developed Economies ◽  
Management Quality ◽  
Risk Determinants

This paper presents fresh findings about key determinants of credit risk of commercial banks in emerging economy banking systems compared with developed economies. Australia, France, Japan and the US represent developed economies; emerging economies are India, Korea, Malaysia, Mexico and Thailand. Credit risk theories and empirical literature suggest eight credit risk determinants. We find anywhere from two to four factors are alone significantly correlated with credit risk of any one banking system. Regulatory capital is significant for banking systems that offer multi products; management quality is critical in the cases of loan-dominant banks in emerging economies. Contrary to theory or studies, we find leverage is not correlated with credit risk in our test period. Data transformations and statistical corrections ensured these results are reliable: Model robustness was tested using AIC. The model developed here could be applied to test more emerging economy banking systems to generalize our findings to other economies.  

Estimating defaults in organized security lending markets

2016 ◽  
Vol 24 (3) ◽  
pp. 343-362
Author(s):  
Latif Cem Osken ◽  
Ceylan Onay ◽  
Gözde Unal
Keyword(s):  
Credit Risk ◽  
Stock Returns ◽  
Stock Price ◽  
Price Volatility ◽  
Equity Market ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Content Type ◽  
Central Counterparties ◽  
Risk Determinants

Purpose This paper aims to analyze the dynamics of the security lending process and lending markets to identify the market-wide variables reflecting the characteristics of the stock borrowed and to measure the credit risk arising from lending contracts. Design/methodology/approach Using the data provided by Istanbul Settlement and Custody Bank on the equity lending contracts of Securities Lending and Borrowing Market between 2010 and 2012 and the data provided by Borsa Istanbul on Equity Market transactions for the same timeframe, this paper analyzes whether stock price volatility, stock returns, return per unit amount of risk and relative liquidity of lending market and equity market affect the defaults of lending contracts by using both linear regression and ordinary least squares regression for robustness and proxying the concepts of relative liquidity, volatility and return constructs by more than variable to correlate findings. Findings The results illustrate a statistically significant relationship between volatility and the default state of the lending contracts but fail to establish a connection between default states and stock returns or relative liquidity of markets. Research limitations/implications With the increasing pressure for clearing security lending contracts in central counterparties, it is imperative for both central counterparties and regulators to be able to precisely measure the risk exposure due to security lending transactions. The results gained from a limited set of lending transactions merit further studies to identify non-borrower and non-systemic credit risk determinants. Originality/value This is the first study to analyze the non-borrower and non-systemic credit risk determinants in security lending markets.

Occupation and Ethnicity: Constructing Identity among Professional Romani (Gypsy) Musicians in Romania

Slavic Review ◽  
2001 ◽  
Vol 60 (1) ◽  
pp. 24-49 ◽  
Author(s):  
Margaret H. Beissinger
Keyword(s):  
Identity Construction ◽  
Sense Of Self ◽  
European Countries ◽  
Ethnic Communities ◽  
East European ◽  
The World ◽  
Boundary Making

Based on fieldwork (primarily in southern Romania), this article treats identity-construction among professional male Romani musicians, investigating in particular the discourse that they generate as they maintain their exclusive vocational niche on the boundaries of intersecting ethnic communities. Seeking to establish the influence of Romani musicians as agents in the construction of their own identity, Beissinger discusses notions that Romani musicians provide of non-Roms and other Roms (including other musicians), as well as how they portray surrounding cultural and political phenomena as expressions of their syncretic occupational and ethnic sense of self. Beissinger argues that Romani musicians are unquestionably enclosed by socially inflicted boundaries but are themselves also agents of boundary-making as they articulate connections with and distinctions from the world around them. Throughout, she draws pertinent comparisons with Romani musicians in other east European countries.

scholarly journals History of sports medicine in east European countries

2015 ◽  
Vol 68 (1-2) ◽  
pp. 59-65
Author(s):  
Biljana Lazovic ◽  
Sanja Mazic ◽  
Marina Djelic ◽  
Jelena Suzic-Lazic ◽  
Radmila Sparic ◽  
...  
Keyword(s):  
Sports Medicine ◽  
Medical Knowledge ◽  
European Countries ◽  
Historical Background ◽  
Eastern European ◽  
Cultural Changes ◽  
East European ◽  
Psychological Pressure ◽  
History Of ◽  
Eastern European Countries

The purpose of this article is to provide a historical background of medicine, science and sports with the focus on the development of modern sports medicine in European countries, with an accent on Eastern European countries that have a long sports medicine tradition. The development of modern sports medicine began at the end of 19th and the beginning of 20th century, and it has been associated with social and cultural changes in the world of medicine, science and sports. Advanced medical knowledge, skills and practices, and the progress of scientific achievements enabled sports people to improve their performance level. Increased popularisation and commercialisation of sports have resulted from urbanization and city lifestyle, leading to the lack of physical activity and increased psychological pressure. In addition, the growing need and interest in sports and successes in professional sports have become a symbol of international recognition and prestige for the nations.

Sign in / Sign up

Export Citation Format

Share Document