Yevhen Savelyev
Opening Remarks
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 129-131
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No abstract |
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Henning Klodt
Global economic policy for the modern world economy
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 132-141
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The author elaborates the criteria which may be applied in a number of economic policy areas that are in the spotlight international policy debate. Key words: Economic policy, global governance, international coordination, quadrant of the system of coordinates, Tobin tax |
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Timotej Jagrič, Sebastjan Strašek
Comovements of economic activity in the post-communist economies
Journal of European Economy, Volume 4, Issue 2, June 2005, pp.142-157
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This paper studies the cyclic patterns in transition economies with multivariate spectral analysis. It examines whether the transition in Slovenia and Croatia was marked by a significant shift in aggregate economic activity, which corresponds to the definition of the business cycle, and whether the cycles are synchronized with the cycle of the EU. For Slovenia, we find very close synchronization. The testing for Croatia, however, suggests that there is no typical EU component in its business cycle. To additionally support the results obtained with multivariate spectral analysis, we also employed the Granger causality test. According to lag selection criteria, economic activity in Slovenia lags behind the EU economic activity for 1 month. Granger causality test also supports the results for Croatia. We could not find any significant connection between economic activity in Croatia and the EU. Key words: Business cycle, multivariate spectral analysis, Granger causality synchronization. |
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Svitlana Blahodeteleva-Vovk
The bank's dominant goals and values in the context of determining the sense of its activity in a globalized world
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 158-169
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The paper reviews the aspects of setting goals, formulating values and determining the sense of banking from the viewpoint of cultural peculiarities of the countries where banks are functioning, to make cross-cultural dialogue, and to overcome the contradictions of globalization. Key words: Bank’s goals, globalization, bank’s values, strategy of the banking institution. |
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Oleksandr Amosha, Olha Novikova
The problems related to social orientation of the Ukrainian economy and the ways to provide it
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 170-180
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This paper estimates the situation and trends in the social sphere of Ukraine. The authors analyze the legal support to the social policy and substantiate the directions for providing the social orientation of the economy. Key words: Social sphere, social policy, social orientation of economy, social interests, social labour relations, labour market, employment, unemployment, social protection. |
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Andriy Krysovatyi, Tetyana Koshchuk
The dialectics of tax policy transformation in Ukraine in the context of European integration
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 181-196
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The article substantiates theoretical principles of optimal tax infrastructure for ensuring economic growth in Ukraine within the framework of EU integration. Having analyzed the European experience of tax regulations and national practice of tax policy formation and realization, the authors determine strategic goals and tactical measures for tax transformation. Key words: Tax, tax policy, tax infrastructure, tax regulation, tax unification, direct and indirect taxation, tax preferences, economic and institutional basis of tax transformation. |
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V. Balaji Venkatachalam, Viktoriya Kramar
Human resource management in Ukrainian banks: a strategic perspective in the context of increased activity in the retail banking segment
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 197-208
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Banking is a heavily capitalized sector whose investments consist essentially of employees to such an extent that the transformation required can only be affected over time. Strategically, if Ukrainian banks are to be successful, in the near future they will have to redefine the principles of Human Resource Management (HRM) and make it of top priorities. HRM practices are most effective when matched with the strategies of organization. By adapting highperformance workplace practices, banks in Ukraine can create capabilities that will add value to their operations. Key words: Ukrainian banking sector, Human Resource Management, strategic HRM, retail banking. |
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Helena Żukowska, Roman Oleynyuk
Credit bureaus and the bureau of economic information in the Polish banking system
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 209-215
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Unfairness in business is a common feature known around the world, but in the countries with the developed economy there are quite effective mechanisms and institutions that hedge (limit) dishonesty in economic relations. In the economic systems that are just developing, to which one can refer the new members of the European Union and Ukraine, many good companies bear huge losses because of the unfair partners and debtors with bad reputation. This article will try to reveal the experience of fighting with this feature in the Polish economy. Key words: Credit bureau, Bureau of credit information, credit risk, client with bad reputation, Bureau of economic information, client database. |
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Michael Glezakos, George Gotzageorgis
The long-run performance of Greek initial public offerings
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 216-232
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This article examines the long run performance of initial public offerings (IPO’s) in Greece, over the seven-year period of 1994–2000. After analyzing a sample of 176 IPO’s, it was concluded that IPO’s tend to outperform the market by 10,84% of cumulative market-adjusted return over the first three years from the listing day. The results are contradictory to empirical findings for many other developed markets. However, they are explained by such variables as initial returns, issue size and period and price volatility. Moreover, it was depicted that the «fads» hypothesis as well as the «windows of opportunity» and the «uncertainty and divergence of opinion» hypotheses can explain the long-term performance of the IPO’s listed at the Athens Stock Exchange. Key words: Initial public offerings, long-run performance, Greece. |
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Vladyslav Drachov
Mobile commerce as one of the most perspective trends in electronic commerce
Journal of European Economy, Volume 4, Issue 2, June 2005, pp. 233-244
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The article examines the notion of mobile commerce, which is a new form of electronic commerce that appeared due to combination of the Internet and mobile technologies. The author presents practical recommendations concerning further development of the national telecommunications industry. Key words: Information and telecommunication technologies, the Internet, mobile commerce, electronic commerce, mobile communication link. |
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