Financial crisis has an immediate adverse effect on the state of public finances, but it also has some important medium- and long-term consequences. The global economic slowdown and implementation of many governmental anti-crisis programs with the goal to stimulate selected sectors or whole...

In most countries public debt management is one of the fastest growing financial activities demanding great attention from the State. Therefore, there is a need for broadening public governance, as well as widening procedural solutions.The authors have analysed the operating principles of...

The major focus of this paper is on the sovereign-banks relationship following the COVID- 19 pandemic crisis outbreak, with a view to gaining an insight into banks' exposure to the sovereign. We rely on a series of complementary research approaches, such as desk research, comparative statistical...