"Scientific research" Almanac

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  CONTEMPORARY ASPECTS OF INDUSTRIAL POLICY

  The industrial policy in the European Union is developing both in the context of improving the regulations and in restructuring the sectors, especially that of industry in order to enhance competitiveness and to support investment and employment. The key question that the industrial policy raises is what has to be done to help businesses and ... The industrial policy in the European Union is developing both in the context of improving the regulations and in restructuring the sectors, especially that of industry in order to enhance competitiveness and to support investment and employment. The key question that the industrial policy raises is what has to be done to help businesses and industry to be competitive in a volatile, turbulent global market. The aim of this study is to analyze the industrial policy conducted so far in our country, and based on extensive theoretical and practical studies to derive reliable indicators for its monitoring and analysis. The objectives of the study are to generalize and systematize the theoretical formulations regarding what policy, policy levels, industry and industrial policy are, and to analyze the advantages and disadvantages of the existing indicators of industrial policy assessment. The findings of the research are aimed at evaluating industrial policy and justifying its trends.

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  THE BANKING SECTOR IN CRISIS

  Banking crises are costly for the economic crises, not only because of the high direct rescue costs, but also due to the negative effects on the economy by limiting the access to credit resources, negative impact on the price of government debt and securities of local companies, as well as a possible devaluation of the national currency. The aim ... Banking crises are costly for the economic crises, not only because of the high direct rescue costs, but also due to the negative effects on the economy by limiting the access to credit resources, negative impact on the price of government debt and securities of local companies, as well as a possible devaluation of the national currency. The aim of this study is to clarify the causes and transmission mechanisms of the global financial crisis of 2007, and to advocate the following idea: effective risk management in the financial sector at the international level is the only way to prevent future global financial crises. In this context, the following main tasks are defined: (1) factors for the occurrence of banking crises, and in particular – the global financial crisis of 2007, (2) transmission mechanisms of infection in the international banking sector, (3) the impact of the global financial crisis on the banking sector, and (4) policy options for risk management in the banking system and for strengthening it.

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  VOLATILITY OF CORRELATIONS BETWEEN MACROECONOMIC INDICATORS IN THE SYSTEM OF NATIONAL ACCOUNTS (2000-2011)

  This study aims to prove that not only macro indicators, but also the correlations between them should be used as main macroeconomic indicators since being relative quantities they have richer content and create more favourable opportunities for using them in the macroeconomic analysis, modeling and forecasting of socio-economic phenomena and ... This study aims to prove that not only macro indicators, but also the correlations between them should be used as main macroeconomic indicators since being relative quantities they have richer content and create more favourable opportunities for using them in the macroeconomic analysis, modeling and forecasting of socio-economic phenomena and processes. The main purpose of this study is to examine the correlations between macroeconomic indicators which are associated with drops, recovery, upsurge and peaks of economic development. In this context, the object of the study is focused on the volatility of these correlations in the period 2000-2011, and its impact on the country’s economic development. The results prove our thesis and indicate more intense volatility, which is caused by the world economical crisis.