Following the Eastern EU enlargement and debates on the Constitutional Treaty, the Black Sea region has received increasing political, public and scholarly attention. This study examines the prospects for and the forms of economic , sectoral/thematic and political cooperation in the area from...

The concept of the ENPs joint ownership is a basic approach of this policy. It is found in all strategic EU documents but is insufficiently researched so far. This paper aims at analyzing the concept against the EUs potential to act as a transformative power in its Eastern neighbourhood and...

The standard theory of the stochastic models used to value financial derivatives contracts involves models whose input parameters are deterministic functions and often constants. Because of the random nature of the changes in the market prices of the financial instruments, the coefficients of...