The process of the economic globalization limiting the autonomy of national subjects completed the disintegration of the Westphalian system. The rebirth of regionalism, as another phase of the world economy regionalization, is a logical defensive reaction. However, apart from the regional labour...

In this paper we analyze the dynamic conditional correlations between CEE stock markets (also known as countries from Vysehrad Group - V4) and developed European stock markets, with German DAX utilized as a benchmark. Our methodology is based on the DCC MV-GARCH approach. It is shown that the...

This paper aims at constructing a model of a small open economy of the Slovak Republic. In essence, the model represents a synthesis of already published modifications of the Mundell - Fleming type of models, describing the market of goods and services in interaction with the money market and...