Euro area countries exhibited modest convergence prior to the financial crisis and diverged thereafter. Such divergence has been examined from many angles, and various narratives of the crisis have developed. Surprisingly, the gradual transformation of the economic structures of euro area...

The aim of this paper is to combine the claim theory of money, and particularly chartalism, with institutionalism. These theoretical traditions have a lot in common and this paper is a further attempt to clarify the connections and benefits of their relations. Recent developments in social...

The high costs associated with financial crises highlight the need of early identification of vulnerabilities’ build up, while the policy makers can effectively implement preventive measures. This study develops a framework that provides such information about the status of the Slovenian...

This paper examines the role of corporate balance sheet positions in determining Slovenian firms' investment behaviour. The analysis is based on the theoretical framework of the financial accelerator which suggests that firms' financial positions influence their real behaviour. The underlying...

The predominant approach for studying macro-financial linkages is employing standard econometric techniques to link bank-specific risk parameters to macroeconomic and financial indicators. A single model is estimated using historical data and is subsequently used to forecast their evolution...

Income under-reporting estimates based on households data as well as the size of the shadow economy are of interest to academics as well as policy makers. For that purpose, various methods have been developed using micro/survey data as well as aggregate/macro data. This study applies the micro...

Corporate greenhouse gas (GHG) emissions data underpin almost every economic analysis related to climate change, spanning from firms’ transition risk to their ESG ratings and, ultimately, their reduction is fundamental in addressing global warming. However, various quality issues plague...

The falling use of cash and the advent of digital technologies support the possibility of reconfiguration of monetary transactions without any intermediation of physical monetary tokens. The introduction of electronic money, especially in the guise card-based technologies but also as pre-charged...