Naidoo v Absa Bank Limited is one of the few cases by a court in which interface between insolvency law and National Credit Act 34 2005 arose since commencement latter 2006. Other highlighting this include Investec Ltd Mutemeri (2010 (1) SA 265 (GSJ)) Ex Parte Ford (2009 (3) 376 (WCC). The enactment has had significantconsequences for scope remedies available to both debtors creditors terms law...

This paper extends the analysis of sovereign debts to the incidence of foreseeable, permanent negative terms-of-trade shocks. Although the prospect of permanent drops in coffee prices was common knowledge in 1989, even the most coffee-dependent countries continued to accumulate debts as fast as non-coffee exporters. The waves of defaults ensued. However, private creditors did reduce exposure in...

This article considers the problems of overdue credit debt and creation effective methods to manage problem debts in banks. The purpose this paper is study create financial institutions. Based on a combination tools fuzzy logic theory artificial neural networks, an economic-mathematical model collection scoring was built. Kohonen self-organizing maps were used set parameters membership function...

In this study, we use a Dynamic Stochastic General Equilibrium (DSGE) model to investigate the household portfolio channel of monetary and credit shocks transmission in Iran. In this regard, we developed a canonical New Keynesian DSGE model with financial and banking sectors. The model is estimated by Bayesian method for the period 1990-2012. The result showed that the current and expected pric...

Using particle system methodologies we study the propagation of financial distress in a network of firms facing credit risk. We investigate the phenomenon of a credit crisis and quantify the losses that a bank may suffer in a large credit portfolio. Applying a large deviation principle we compute the limiting distributions of the system and determine the time evolution of the credit quality ind...