There are many sophisticated discussions about the possible effects of the regional economic cooperation. Their results have been ambiguous. However, it is evident that regional trade agreements (RTAs) have been increasingly transforming international trade, especially since the second half of...

The article aims to survey recent advancements in risk management field. First a popular quantile-based risk measure Value-at-Risk (VaR), nowadays widely used to asses exposure to market and credit risk, is presented. Four different approaches are introduced, implemented and backtested on PSE...

There are many definitions and concepts of competitiveness in the literature. This article focuses on multilevel concepts of a country’s competitiveness, especially the broad concept of the World Economic Forum (WEF). This concept is explained through the example of Japan. The objective of the...

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The objective of this article is to describe and analyse the economic development and to summarize and explain the most important factors that have caused the long-term stagnation and instability of the Japanese economy in the 1990s (so called „lost decade“). The asset price bubble collapse...