In this paper we investigate the external debt sustainability using a quantile autoregression (QAR) model. QAR is a new type of econometric models used to separate periods of nonstationarity from the stationarity ones. This kind of model allows us to identify various trajectories of external...

This paper focuses on the CEE countries volatility captured by the exchange rate dynamics. In the first part, the spillover phenomenon is analyzed from the perspective of the recent financial crisis, where cross-border capital flows increased the risk of financial contagion. Volatility will be...

In order to reveal the corporate finance characteristics, we conduct a panel data study on companies located in five countries within the CEE area (the Czech Republic, Hungary, Poland, Romania and Slovakia). We identify common features in terms of capital structure and financial indicators...