The shape and dynamics of the yield curve provide useful information in the analysis of current economic and financial developments, and market expectations. This article describes the key theoretical factors affecting the yield curve and examines their role in the developments in advanced and...

Our article discusses the 2012 European Union regulation on naked CDS positions and its effects on CDS market developments in Central and Eastern European EU Member States. Although following the adoption of the regulation in March, an adjustment period of nearly seven months was available until...

The last few years were characterised by high risk appetite and global spreading of a substantial amount of under-priced risks as a consequence of bank’ securitisation activities. The turbulence triggered by the US mortgage market led to the re-pricing of risks, which in turn has resulted in...

In addition to aspects related to financial stability, the cost efficiency gap observed between the banking systems of the old and the new EU member states is also unfavourable from a welfare point of view. In the majority of new member states, banks are likely to price the relatively high rate...