Global current account imbalances have been at the forefront of policy debates over the past few years. Many observers have recently singled them out as a key factor contributing to the global financial crisis. Current account surpluses in several emerging market economies are said to have...

Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...

The scope of this article is to underline the overall economic impact of Single Euro Payments Area adoption upon the major players in the payments industry. Our study is structured on chapters that present the implications of SEPA on the banking industry, the project’s consequences in respect...

Abstract. The scope of this paper is to analyze the developments of European bond market integration in the context of the Economic and Monetary Union. We structured our research on sections that present the euro implications for the bond markets integration, the actual stage of the considered...

The present financial crisis will considerably influence the architecture of contemporary banking systems. In this context, we will witness a series of changes from the point of view of the number of institutions, their typology, sources and the ways to attract resources, the property’s form...

This paper investigates the performance of labour markets during the recent crisis for 28 industrialised countries, specifically the reaction of employment and unemployment indicators relative to output changes. We construct a composite indicator for output as well as labour market performance....

In the last 10-15 years the preoccupation concerning administrative expenses were expressed in concrete initiatives. The networks concerning Standard Costs Model (SCM) are worth mentioning for reducing administrative expenses in private business area. European Commission elaborated and is...

In a time of financial crisis governments in many countries are taking measures to continue to serve the citizens efficiently by improving government productivity and evolving new cost‐effective governance structures and systems. One of the fundamental tools for enhancing efficiency,...

To some degree, nation-states still operate autonomously while dictated by demands of their local particularities. The interconnectedness of the global economic dynamics, however, requires nation-states to morph beyond their traditional capacities and adapt into the new environment that was...