Risk management: Ways to manage credit risk

Asymmetric information may be the reason for credit risk. Managing credit risk includes: Screening: screening out bad credit risks before loans are made. To screen out bad credit risks, financial intermediaries typically need to collect financial information about potential borrowers before the transaction.   Specialization: knowledge of particular credit markets and knowledge about particular borrowers….

WTO and EU: Promoting sustainable development in trade

The World Trade Organisation (WTO), being a vital player in international trade, incorporates all major trading blocs in the world including the European Union (EU). The ties that the WTO and EU hold are extremely significant and relevant to the countries of the EU as well as the trading partners of the EU. Through the…