In this paper, we explore the interconnection and existing relationships between the Sovereign Credit Default Swaps (henceforth, CDS) and the stock markets of the main European countries. Thus, the goal of this paper is to test if the CDS premia can predict the stock market returns of the most...

In this paper, we explore the interconnection and existing relationships between the Sovereign Credit Default Swaps (henceforth, CDS) and the stock markets of the main European countries. Thus, the goal of this paper is to test if the CDS premia can predict the stock market returns of the most...

Increasing interest in exploring the possible asymmetric effects of Single Monetary Policy (SMP) on euro zone countries has resulted in a great deal of research, most of it empirical in nature, into the response of GDP and prices in European countries in the face of the monetary shocks caused by...

Článok sa zaoberá problematikou krajín PIGS (eventuálne tiež PIIGS, či PIIGGS), čo je dnes už všeobecne zaužívaná skratka používaná nielen hospodárskymi analytikmi, ale aj novinármi a širokou verejnosťou. Akronym, ktorý odkazuje na ekonomiky Portugalska, Írska, Grécka a...

Príspevok sa snaží zodpovedať pomerne náročnú otázku – koľko by malo byť používaných mien v jednom regióne prostredníctvom teórie optimálnej menovej oblasti (ďalej len OCA, z anglického Optimum Currency Area). Teória OCA zohľadňuje dlhodobý pohľad a cez svoje...

This paper deals with the definition of the content and objectives of the European banking union. It discusses the mutual relations between the various banking union’s elements. Although banking union is a logical continuation of the European integration, the author does not recommend current...

This paper investigates the monetary policy of the European Central Bank in the time of the financial, economic and European debt and banking crisis. This paper focuses on the actual issues connected with the debt and banking crisis in Europe. The attention is devoted to the risk development in...