Owner: Economic & Empirical Reporting URL:http://www.empirics.org Join Date: Thu, 12 Jun 2008 14:24:14 -0500 Rating:0 Site Description: Collection of small informative articles about economics and related topics Site statistics:Click here
Credit risk 2008-06-12 11:13:20 In order to allow for evolution of credit risk management methods and practices the New Accord introduces a range of approaches for assessing credit risk: a standardized and an internal ratings-based (IRB) approach, the latter having two versions. The standardized approach incorporates modest changes to improve risk sensitivities through readily observable risk measures such as [...]
Phenomenon of Tax Evasion 2008-07-13 08:57:20 Tax evasion is the general term for the attempts by individuals, firms and other entities to evade the payment of taxes by illegal means. Tax evasion usually entails taxpayers deliberately understating the true state of their affairs to the tax authorities to reduce their tax liability, and includes, in particular, dishonest tax reporting.
Contrary to tax [...] Read more:Phenomenon
Problems of Taxation 2008-07-13 08:53:19 Tax evasion is an illegal practice of avoiding taxes that to some extent characterizes the taxpayers of all countries, despite their historical, social or economic differences. The degree of evasion is considerably high at countries in transition. The governments of these countries have been carrying out simultaneous reforms of legal and economic institutions to eliminate [...] Read more:Taxation
Capital Account Liberalization, Currency Float, and Twin Crises 2008-07-13 04:26:33 After the collapse of the Bretton Woods system in early 1970s, a new breed of financial crisis emerged. Three quarters of the IMF’s member countries suffered some form of banking crisis between 1980 and 1996, and their study did not include the subsequent Asian financial crisis in 1997. In many of these crises, banking panics [...] Read more:Account
, Currency
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