Throughout the course of history, annexation has littered international scene as major powers exert their force in takeover smaller lands. Sometimes these takeovers are violent and others not, but what we undoubtably see is that will be successful if economic indicators rise, post-acquisition. We focus our attention to three prominent cases by powers: Crimea, Kashmir Hong Kong. briefly examine ...

This article presents a financial scoring model estimated on Czech corporate accounting data. Seven financial indicators capable of explaining business failure at a 1-year prediction horizon are identified. Using the model estimated in this way, an aggregate indicator of the creditworthiness of the Czech corporate sector is then constructed and its evolution over time is shown. This indicator a...

THE NOTION OF TRANSPARENCY is broad-ranging. It encompasses notions of accountability and political legitimacy of decision makers, as well as the legal and accounting infrastructure in which economic decisions are made. But from the operational perspective of a central bank, transparency can be regarded more narrowly in terms of the disclosure of information to a wider audience. Intuitively, th...