Can tight and centralized financial regulation prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulation. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the end...

Two forms of asymmetry in the exchange rate volatility are examined in this paper. We analyze four currencies of new EU member states, two currencies of non euro area old EU members, US dollar and Swiss franc against the euro during the period financial crisis. We apply a modified TARCH model on...

The recent financial crises has revealed the need to improve and ensure the stability of the financial sector to reduce negative externalities, to ensure fair and substantial contribution of the financial sector to the public finances and the need to consolidate public finance. The aim of the...

The growth theory of new political economy distinguishes two types of political instability - elite (violent coups, riots) and non-elite (non-violent government breakdowns). The purpose of the paper is to show that elite political stability is not a necessary condition for economic growth, i.e....

This research was inspired by the procedures that are used by human bibliographic searchers: Given some textual, only 'positive' (interesting) examples, coming from one category find the most similar ones that belong to a relevant topic. The problem of categorization of unlabeled relevant and...

Glass, porcelain and ceramic industry which has a long tradition in the Czech Republic is a part of the manufacturing industry. The effect of globalization, international trade development, export orientation and dependence on a range of related industries causes that many enterprises operating...

Did the EU pressure improve legal enforcement in the Czech and Slovak Republics? The paper analyzes the current state of the Czech and Slovak quality of legal enforcement in a context of the European Union accession. We looked at different kinds of corruption indicator data, such as statistics...

There is significant empirical evidence that the introduction of the euro led to a significant increase of perceived inflation in most countries. Such an increase and persistence in the perceived inflation might then have an impact on inflation expectations and other macroeconomic variables. The...

What were the purposes for establishment of central banks? Central banks are historically relatively young organizations. Their main purposes are to regulate money supply through interest rates, regulate the banking sector and act as a lender of last resort to banking sector during the time of...

The paper focuses on retrieval of relevant documents written in a natural language based on availability of several candidate examples which are used as the basis for the automatic selection of only items that are similar to these predefined patterns. Presented approach should face problems...