engleski

Credit models that ensure uniqueness of effective interest rate

On the 1st January 2002 the Croatian National Bank entered in force the Decision about uniformity concerning expressing the effective interest rate (EIR) that should represent the real price of credit products and shares of deposit products. However, that Decision does not include all relevant variables (for potential debtor) and there stands an open question about the use of methodology generating more than one EIR meeting requirements. This paper analyzes the models of credit that can prove generating the unique EIR.

credit models; uniqueness of effective interest rate

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