Plant species show great variation in the degree of physiological integration between developmental units (modules). When this physiological integration is minimal, individual modules are self-supporting and compete with other modules. When there is greater physiological integration, modules remain physiologically connected and ‘cooperate’ by sharing resources like water, nutrients and photoass...

The advancement of information and communications technologies (ICT) has significantly intensified market competition the world over. One of the most widespread solutions is the use of enterprise resource planning systems that has proved to support the integration and automation of the processes, the improvement of the performance, and the reduction of costs. ERP involves the planning and manag...

The integration of Lithuania to the European Union increases openness of its economy and gives an impulse to create financial and legal system aligning with the leading European countries. The universal German banking market conditioned more universality in Lithuanian banking system. Initially securities and insurance business was partly restricted for banks in Lithuania, but restrictions are g...

Reversal of financial market integration in Europe during the global financial crisis requires tools to measure and monitor banking sector stability. Banking sectors in Europe, especially in Central and Eastern countries, are characterized by a significant share of foreign capital and height level of concentration. This phenomenon may enhance the financial institutions to compete and probably t...

In this paper, we consider a model in which spatial separation and limited communication create a transactions role for currency, and in which aggregate uncertainty associated with agents’ patterns of movement, creates a role for banks and allows the possibility of banking failures. We show that banks provide complete insurance in states of the world where there are no banking failures and that...

Risk management in banking sector is a key issue linked to financial system stability and its importance has been elevated by technological developments and emergence of new financial instruments. In this paper, we improve the model previously defined for quantifying internal control impact on banking risks by automatizing the residual criticality estimation step of FMECA. For this, we defined ...