Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly developed research infrastructure. Beyond aggregate...

This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions...

This paper tries a conceptual framing of the issue of financial stability in economic theory and also to identify solutions to address episodes of financial instability. An essential reference is Minsky's financial instability hypothesis, which argues that a fundamental feature of the financial...

This paper presents a framework for credit risk modeling of the household sector that follows a top-down approach using panel techniques. The results indicate that the determinants of default on bank loans are unemployment, exchange rate, industrial production, indebtedness and interest rate...

Romania is preparing to enter a superior stage of integration - the admission in the euro zone. In this context, the study estimates the structural budgetary deficit, considering it as being one of the most relevant indicators to evaluate the performance of the fiscal management, as well as the...

The importance of credit risk assessment and monitoring has increased since the recent financial turmoil. This paper presents a toolkit for credit risk modeling that follows the top-down approach proposed by Wilson (1997). The analysis is conducted separately for the household and corporate...

This paper combines results of a questionnaire survey with firm level data in order to better explain firm competitiveness. To do this, survey-based information about perceived factors is used to improve explanatory power of quantitative factors. Results from the firm level panel data model...

Slovak enterprises recorded significant worsening of economic and financial indicators in the time after euro adoption. Dramatic changes in the results of non-financial corporations were observed in most of the EU countries. The main driving factor was a drop in global demand. Some indicators...

This paper examines factors affecting the competitiveness of leading Slovak companies, using results obtained through a questionnaire survey. The results imply that companies are aware of the key role of consumers. By putting emphasis on production modernisation and extensive use of information...

In this study we assess the effects of euro adoption from an economic perspective. The benefits and disadvantages of Slovak entry to the euro area were discussed already when the euro adoption strategy was adopted. This analysis utilizes the latest information, using the set euro adoption date...