Countries from CEE countries (Bulgaria, Croatia, Czech Republic, Estonia, Germany, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia) experienced systemic banking crisis during the recent turbulence on financial markets. Financial crisis can be very costly due to output losses during and...

Aiming to determine the degree of correlation between Mexico’s and United States’ manufacture industry before and after NAFTA, and using spectral analysis techniques, this study reveals that the Hodrick-Prescott filter does not produce spurious cycles between these series through the period...

Nonlinear economic variables have been tested for many years with linear models, thus making them insufficient in providing an explanation for real life. As a result of the recently conducted studies, nonlinear time series analyses are observed to be more successful in forming especially the...