Inflation is considered one of the most sensitive macroeconomic phenomena in modern economies (inducing significant distorsions in the productive structure of the economy and social injustice in the market). Three of the most important theories that explain the nature and the causes of inflation...

The purpose of this paper is to investigate the impact of 2004 accession to the European Union on perceptions related to business risks in Central and Eastern European countries. The investigation makes use of the data provided by the Regular Reports on Global Competitiveness published annually...

Stock prices move as corporate earnings prospects change, but they also move as investors change their aversion to risk. One of the central tenets of finance is that investors expect higher return for taking risk. They exchange some of their riskless securities for risky assets because they...