In the conditions of obsolete, huge industrial capacities adequate for planned and autarkic and not market economy, large material devastations that Croatia was exposed to, and economic activity decline, the essential developmental factor or beter to say the main comparative advantage should be...

For proper valuation of risk to which the portfolio of financial assets is exposed, it is necessary to forecast the second moments of financial time series, that is variabilities. The empirical investigations show that financia time series are heteroskedastic, i.e. their volatility is not...