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Conference Paper
The effect of capital on portfolio risk at life insurance companies
Journal Article
Banking reform in a transition economy: the case of Poland
Polish banks have been weakened by large loan losses and low capital. Recapitalization and better economic conditions have strengthened the industry, but problems remain, especially among some large state-owned banks. Continued improvement of the banking system will require additional domestic or foreign capital to strengthen reserves and to modernize operations.
Journal Article
Ex ante risk and ex post collapse of S&Ls in the 1980s