The banking and currency crises of the last two decades inflictedsubstantial financial, economic, and social damage on thecountries in which they originated. In this work, the efficiencyof early warning indicators for these disastrous economic eventsis evaluated. An analysis of the traditional...

There is not much research on welfare-economics from the perspective of human wellbeing (happiness). The main reason is that this is qualitative and subjective phenomena are not easily captured by measurement. In the present endeavour, the authors tried to capture it (happiness) from the...

This paper compares the fundamental postulates of neoclassic paradigm and Keynesian model withthe modern capitalism. It shows that neoclassic paradigm, which underlies economic structure ofmajor countries, is inadequate to the essence of market economy. The research concludes that thecurrent...

Artículo de revista ; The article summarises the findings obtained in the estimation of an economic crisis early warning model for the euro area countries. These findings show that monitoring five variables that may indicate the emergence of macro-financial imbalances – current account...

Este documento presenta el marco analítico desarrollado recientemente por el Banco de España para la puesta en marcha de su política macroprudencial. La metodología descrita incorpora un amplio conjunto de indicadores que permiten realizar un seguimiento de los riesgos macroprudenciales a...

Este documento presenta el marco analítico desarrollado recientemente por el Banco de España para la puesta en marcha de su política macroprudencial. La metodología descrita incorpora un amplio conjunto de indicadores que permiten realizar un seguimiento de los riesgos macroprudenciales a...