The paper aims at acknowledging the efficiency effects of bank privatization upon the entry of strategic foreign investor. Thus, a broad experience from the developing countries is reviewed. General conclusion is that the foreign capital infusion improves the profit and cost efficiency of the...

The paper assesses the nominal convergence of Macedonia and Croatia towards the EU. As the two countries are in a process of European integration, both economies should converge to the EU economy, so that the accession to be smoother. One channel for faster nominal convergence is pegging the...

The aim of this paper is to acknowledge macroeconomic performance effects of different exchange rate regimes. Principally, regime's effects on inflation and growth are comprehensively discussed and examined. Literature acknowledged that regime's pegging contributes to lowering inflation and...

The aim of this paper is to assess whether the Euro zone is an optimal currency area. The judgement is made on the basis of the existing literature and available data for several criteria as a part of the OCA Theory. The ultimate conclusion is that the Euro zone is not an optimal currency area,...

The exchange rate regime is an issue which continuously captures academic interests. Since the exchange rate regime affects all macroeconomic variables in every national economy, the choice - whether fixed or flexible, is quite a sensitive and significant decision. Both, fixed and flexible...

The aim of this paper is to arrive with a valid model that represents the determinants of inflation in Britain. Hence, the period from 1970 to 2003 is taken in consideration. Multiple regression analysis is used to test the hypotheses, which evokes an econometric model. Further, the significance...

The aim of this paper is to provide some arguments for the effects of the adoption of the International Accounting Standards on firms. Therefore, IAS impact on firms' management and financial statements are analysed. Provided financial statements intend to support or reject findings in the...

The aim of this study is to empirically test the export-led growth hypothesis in the Republic of Macedonia, as small and open economy. In other words, the question trailed is whether by export promotion the country could impinge on its overall economic development. For that purpose, quarterly...

The paper aims at acknowledging the differences among the most common exchange rate regimes. In that sense, the characteristics, similarities and differences among fixed, floating regime and crawling peg are accentuated and discussed

Venture capital is an important alternative for companies that have difficulties accessing more traditional financing sources and it is a strong financial injection for early-stage companies that do not have evidence for persistent profitability yet. Firstly, deep prescreening process should be...