The development of modern communications and information technologies, deregulation and globalization of business, represent some of the key determinants of the macroeconomic and business environment. These changes, as well as the recession evident during the past five years followed by an...

The main task of competition policy is to ensure and preserve the functionality of the market by providing equal business conditions and equal opportunities for the success to all market participants. A prerequisite to satisfactory results in this field is institutionally defined and completed...

Slovakia has realised several reforms after year 2000. One of the first reforms was restructuring of banking sector at the level of commercial banks and central bank, too. General conditions were harmonised with European standards. Stabilised and sound bank sector enabled application of other...

The increase in both public and private indebtedness has been one of the main macroeconomic developments in recent years. This trend has been accompanied by large current account deficits, especially in smaller countries, such as Greece and Portugal. One possible explanation for this behaviour...

This paper is focused on the process of introducing the euro in Slovak Republic. The first part analyses the strategy of monetary policy during this process, namely the inflation targeting. The second part mentions the road to European Economic and Monetary Union, particular steps and Maastricht...

This chapter investigates the effect of the exchange regime on the likelihood of sudden stops. A panel probit analysis is conducted on the data of 43 developing countries from 1980 to 2010. The test investigates the interaction of surges and the exchange regime and their potential impact of the...

In the process of joining the European Union, it was important to harmonize the accounting system of Slovakia with the one used in the member states of the European Union. The Slovak Republic prepared a new Act on Accounting, which reached a comparability of Slovak accounting jurisdiction with...

This chapter aims to address influence of regulatory framework and exchange rate regimes on financial stability in the Western Balkan countries by respecting that nowadays international capital flows are very important in determining the exchange rate regimes and financial stability especially...

The current financial crisis has greatly intensified international political process targeting the revival of the global economy. The Group of Twenty (G20) has taken over the role of a ‘premier’ economic forum in that respect, on the grounds that it brings together globally-important...

In this chapter, we analyse macroeconomic importance of agricultural sector in countries of the West Balkans (WB), as well as ways this sector is contributing (or hindering?) the economic growth. We are observing the most important macroeconomic challenges and a macro-picture of the agricultural...