The economic indicators of the new member states of the EU that joined after 2004 have been generally positive. In this paper, we analyse and interpret the economic development results of the 11 new Member States from the Eastern bloc. The set of individual economic indicators gives us a...

The purpose of the present paper is to examine theoretically and empirically how the maturity structure of government debt is affected by changes in its main macroeconomic determining factors. We organize our investigation around a maturity-structure model for Greece in which the optimal...

The purpose of the article is to present the possible regimes of bank resolution in the euro system and to highlight open questions concerning additional capital buffers and the valuation of assets according to the Bank Recovery and Resolution Directive (BRRD). The bail-in tool is used to write...

The macroeconomic models used by major institutions including the Federal Reserve and the International Monetary Fund (IMF) failed to predict the inflation surge during 2021-2023. The output gap, the unemployment gap, the New Keynesian Phillips curve and inflation expectations did not give...

In spite of many claims that the European treaties cannot be reformed, European economic governance has evolved substantially over the last two decades. The process has erected an ever more complex system of rules, deadlines, and commitments conferring more power on the European Commission and...

It is a common knowledge that the eastern enlargement of the European Union (EU) was an extremely important undertaking for both the New Member States (EU-10) and the "old Union" countries (EU-15). One of the most important effects was significant acceleration of the development of mutual trade...

The economic tradition of ordoliberalism , understood as the theoretical and policy ideas of the Freiburg School, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world. The crisis in...

This study examined the effect of auditor independence on financial reporting quality of deposit money banks in Nigeria with Financial Reporting Quality as the dependent variable; Audit Fee, Audit Firm Size and Audit Meeting as independent variables, Debt Ratio as control variable. The sample...

Weltweit sind die Volkswirtschaften mit hohen Preissteigerungen konfrontiert. Unter anderem beeinflusst die Inflation den Staatshaushalt sowie die Tragfähigkeit der öffentlichen Schulden. Wie und in welchem Ausmaß wird die Staatsschuldenquote durch die höhere Inflationsrate beeinflusst? Es...