"Scientific research" Almanac

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  STRESS TESTING ISSUES IN THE MODERN BANKS WORK

  The present article provides critical analysis of the existing practice for carrying out of stress-test in the banking sector in our country and abroad. It provides good grounds for accentuating on a number of unsolved or discussion issues, concerning: significance of the stress-tests; scope and periodicity of their implementation; identification ... The present article provides critical analysis of the existing practice for carrying out of stress-test in the banking sector in our country and abroad. It provides good grounds for accentuating on a number of unsolved or discussion issues, concerning: significance of the stress-tests; scope and periodicity of their implementation; identification of the specific risks, with potential negative effects; scenario modelling with specifying key risk parameters (factors), subject of shocking changes; performance of comparative analysis of the methods for implementing stress-tests and outlining of their advantages and disadvantages; specifics of implementation of the so-called „reverse” stress-tests, etc.

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  OFFSHORE ZONES – PLACES FOR IMPLEMENTING CRIMINAL INITIATIVES OR ECONOMICALLY JUSTIFIED INVESTMENTS

  An intensive dispute about the role of the offshore zones in modern global economy is taking place among researchers, politicians and financial specialists. What are the reasons for investors to transfer their savings to such offshore zones – are they motivated by economic reasons or are they just realizing their criminal intentions using the ... An intensive dispute about the role of the offshore zones in modern global economy is taking place among researchers, politicians and financial specialists. What are the reasons for investors to transfer their savings to such offshore zones – are they motivated by economic reasons or are they just realizing their criminal intentions using the offshore status? According to Zhixiang Sun investors will transfer their savings to offshore zones until the ratio between return in the home country towards return in the offshore zone is higher than the ratio between unity minus the tax rate in the home country and unity minus the tax rate in the offshore zone. In our research we calculate these ratios for a US investor towards a possible transfer to 9 Caribbean offshore zones. For all cases we find that there are strong economic reasons for investors to transfer their savings to offshore zones. The same conclusions refer to Bulgarian investors, too. It is only for Panama that we did not find economic reasons.

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  REASONS FOR THE CHANGES IN THE VOLUME AND QUALITY OF INDIVIDUAL CUSTOMERS' LOANS PROVIDED BY COMMERCIAL BANKS IN BULGARIA

  The high credit activities of commercial banks in Bulgaria as regards citizens and households just before the consequences of the global economic crisis, as well as the efforts of local people to maintain a quality standard of living, are the main reasons which increase the burden of individual customers’ loans in the loan portfolio of bank ... The high credit activities of commercial banks in Bulgaria as regards citizens and households just before the consequences of the global economic crisis, as well as the efforts of local people to maintain a quality standard of living, are the main reasons which increase the burden of individual customers’ loans in the loan portfolio of bank institutions. The worsening of economic indicators in the country after the beginning of 2009 forces the banking institutions to change their behaviour on the credit market and to seek effective ways to limit the ever increasing non-performing loans among the population. The purpose of the current study is to trace the tendencies in the change of volume and quality of the banks’ overall consumer loan portfolio for the period December 2006 – June 2012, and to outline the main reasons of the worsened quality of loans extended to individuals for current needs by the local commercial banks.