The article studies the properties of business cycles in seven Central and East European countries (CEEC-7). The properties are compared using multivariate wavelet analysis. The evidence of the study suggests that the length of the business cycles in the CEEC-7 is gradually decreasing to the...

In this paper, a wavelet analysis of long-range dependence (LRD) based on the Hurst exponent is presented. An estimator is used to perform an analysis of LRD in the capital markets of six transition economies. The results suggest that we can divide the stock markets into two groups: markets with...

In this paper we address the primary problem of lenders: how to distinguish between low- and high-risk debtors prior to granting credit. We constructed two types of credit scoring models: one based on standard logistic regression and the other on growing cell structures (GCS), something which...