We analyze effect of intraday information flow in three emerging EU stock markets-the Czech Republic, Hungary, and Poland. We use five-minute intraday data on stock market index returns and 15 types of EU and U.S. macroeconomic announcements during 2004-2007. We measure each announcement as its...

In this article is studied hypothesis, that every period (time interval) before financial crisis is distinguished by co-movement of several variables. The study is based on monthly data (that means no quarterly data, like portfolio investment, were used). This hypothesis, tested with vector...

The Czech Republic has undergone a profound political, economical and social transformation in the past few decades. The changes that have occurred in society showed strongly in the change in the demographic behaviour of society and the change in the general population climate. The transition to...

The recent boom of ICT (Information and Communication Technology) is over. The impact of the financial crisis and the new scenarios for future development of European countries after overcoming it have formulated new requirements on the ICT sector all around the world. ICT seems to be one of the...

The current record wave of immigration is a problem and does not conform to the interests of most people in Europe. Immigration is ineffective as a global development policy. The article argues in favor of an immigration that is balanced and that is in the interests of citizens in Europe rather...