For proper valuation of risk to which the portfolio of financial assets is exposed, it is necessary to forecast the second moments of financial time series, that is variabilities. The empirical investigations show that financia time series are heteroskedastic, i.e. their volatility is not...

This paper analyses the significance of the European Semester for carrying out economic reforms in Croatia with the comparisons to the experiences of selected new European Union Member States. The purpose of the paper is to contribute to wider understanding of the European Semester. The starting...