The purpose of this article is to reflect upon the importance and the role of financial institutions before, during and after the financial crisis and to outline proposals for alternative approaches to the financial crisis. Without an understanding of the historic development, nature and scope,...

In the article on the EU Fiscal Compact we are trying to show that the Fiscal Compact as adopted in its current form does not necessarily lead to the improved quality of fiscal policy in the Eurozone. At the same time it disproportionally interfers with the autonomous fiscal policies of the...

The purpose of this article is to show that the current European Union (EU) legal framework is unnecessarily restrictive and unduly suppresses economic and developmental initiatives in many stagnating regions across Europe.More innovative industrial policies, instruments and measures should be...

The difference between the post-war development of international legal trade regimes and the context of the latest free-trade initiatives is that the disparate effects of trade liberalisation have become also visible in the most advanced economies in the world, including the United States and...

The key lessons of mass privatization implemented in Central and Eastern Europe are analyzed and presented in this paper. What are the necessary regulatory, institutional and social ingredients which provide incentive for successful restructuring of the firms in transition and what are the...

The purpose of this article is to reflect upon the importance and the role of financial institutions before, during and after the financial crisis and to outline proposals for alternative approaches to the financial crisis. Without an understanding of the historic development, nature and scope,...

In addition to the weak supervision of the international financial markets, one of the key reasons for global financial, economic, and social crisis is the principle of maximizing value for shareholders; this principle is less known to the general public. It is a principle, which is especially...

The current EU context does not serve the real needs of large parts of the European population at the local, regional, and national levels. The growing gap between the privileged segment of society on the one hand – with its access to high-quality education, advanced parts of the economy, new...

The purpose of this article is to show that the current European Union (EU) legal framework is unnecessarily restrictive and unduly suppresses economic and developmental initiatives in many stagnating regions across Europe. More innovative industrial policies, instruments and measures should be...