This paper studies the behaviour of inflation rate, short-term interest rate and nominal exchange rate after leaving fixed exchange rate arrangement and move to floating. We find that countries with rigid exchange rate policy, less frequently adjusted central parity and narrow exchange rate...

The economic performance of an enterprise obviously depends on various internal and external factors. Those factors are not only the input variables entering various aggregated calculations but also analytical inputs as the effectiveness of company processes, management of costs, innovation...

European wine policy is a significant factor influencing winemakers in the European Union. This paper examines perception of this policy by winemakers and other persons working in Czech wine sector on the sample of respondents. Methodological triangulation consisting of non-structured interview...

This paper closely examines theoretical and practical aspects for the initial stage for the application of the income valuation methods on the agricultural companies within the member countries of the Visegrad Group. Firstly, the applicability of the income valuation methods is verified via the...

This paper provides direct empirical evidence on the nature of the relationship between effective exchange rates and selected macroeconomic fundamentals in nine central and Eastern European countries. Therefore, the paper addresses a key precondition of numerous exchange rate determination...

This paper discusses the possible determinants of liquidity flows in the Slovak banking sector. By these flows it is meant the outflow, the net changes and the total value of the liquidity. The flows are obtained according to a specific method of measuring liquidity risk – method of gross...

The purpose of this paper is to propose a general informal institution determining human ways of thinking and codes of behaviour, thus, in our case, individual support for the Welfare State. For that reason, we recommend employing the two closely related and complementary psychological concepts...

Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the efficiency of the rule of law. While Chicago Public Choice...

The CENTROPE region covers eight regions in four countries: Austria, the Czech Republic, Hungary and Slovakia. Considering the situation on the labour market in CENTROPE, it is necessary to emphasize a high level of heterogeneity. Theoretically, it provides a potential for cross-border...

The article focuses on issues of households at risk of poverty in a relative conception. Income poverty represents a situation when the threshold of 0.6 of median income is not achieved. The analysis of a broader definition of poverty bases on identification and assessment of material...