Purpose: This study aims to assess the sustainability of local governments in a highly centrally regulated fiscal model. Design/methodology/approach: This paper uses a novel approach, a broad data set of almost 3,200 local governments and network methods. This paper analyses financial data from...

This paper introduces a spectral clustering-based method to show that stock prices contain not only firm but also network-level information. We cluster different stock indices and reconstruct the equity index graph from historical daily closing prices. We show that tail events have a minor...

This study starts the investigation of the correlations between taxation and the competitiveness of businesses by clarifying some general issues. It examines the different channels of tax regulation that affect the competitiveness of businesses. Although the study has an international scope, it...

The study aims to uncover the factors promoting the introduction of the euro by presenting the unique features of independ-ent Slovakian monetary policy and the Slovakian banking system. It examines Slovakian central bank policy in historical context, dis-tinguishing between the period of...