The global crisis of 2008 caused both liquidity shortage and increasing insolvency in the banking system. The study focuses on credit default contagion in the Central and Eastern European (CEE) region, which originated in bank runs generated by non-performing loans granted to non-financial...

ABSTRACT The global warming –either it is true or false hypothesis– has been built into the policy making both in national and international level. Public finances are recommended to be involved into the funding of mitigation and adaptation. The purpose of the paper is to gather the...

The study presents a comparison between EU-member countries that once or at present attempt(ed) to catch up to the current EU-average (Ireland, Portugal, Spain, Greece, Finland, Hungary). The aim of the paper is to analyse their trade competitiveness. The study seeks response to the questions:...

This paper wishes to identify optimal ways for fiscal consolidation in eastern EU member states. Dedicated efforts to have balanced budgets seem to be the rule rather than the exception across the enlarged European Union. Fiscal stability, more than any other factors, provide favourable...