The introduction to Volume 52, Number 4 (and 5) of Finance a uver’s selected topic: macroeconomic modelling in the Czech Republic. The authors introduce the issue with a survey of macroeconomic modelling in Czech economic literature. The journal’s articles are mostly devoted to the results...

While the significance of tourism for the Czech Republic's economy is relatively high, it is far from being the dominant industry. Despite the recent substantial investments in this particular field of economic activity, the share of tourism in the gross value added has been steadily declining,...

Financial risk modeling, measuring, and managing are an inherent part of management in financial institutions. It is also an important step within the setting of optimal level of capital eligible to cover risk exposures. A significant portion of capital is usually assigned to cover the risk of...

The paper provides an introduction to essays published in this volume, which focus on nominal and real convergence in transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via developments in real exchange rates. Key issues...

The fact that Europe is lagging behind in comparison with its main competitors in the research and innovation activities is generally known. In 2000 EU countries launching the Lisbon strategy linked with the opening of the European research area were expecting to do away with the remaining...

The article deals with analysis of the factors influencing innovation performance in new EU member countries, particularly in the Czech republic. The analysis follows the advancement of (neoschumpeterian) economic studies on interfaces between technology and economy, which are reflected in and...