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Financial stability is related to both the real economic sector and public finance stability, and this cohesion is complex, ambiguous, especially complicated, includes many factors acting in different directions. Fiscal sustainability is one of the most significant factors of financial stability, and recently its significance has unfolded in the context of increasing fiscal imbalances and the government debt crisis. The growing interdependence between the public and the financial sectors leads to strengthening the two-direction connection between fiscal sustainability and financial stability. This article analyses one direction of this connection, i. e. implications of fiscal sustainability for financial stability. The complex research presented in this article involves the analysis of scientific literature, of statistical data, multi-criteria evaluation, the interstate comparative analysis, and panel estimation. The results of the research show that some fiscal variables may have a role to play in explaining changes of the financial stability index.

Financial stability is related to both the real economic sector and public finance stability, and this cohesion is complex, ambiguous, especially complicated, includes many factors acting in different directions. Fiscal sustainability is one of the most significant factors of financial stability, and recently its significance has unfolded in the context of increasing fiscal imbalances and the government debt crisis. The growing interdependence between the public and the financial sectors leads to strengthening the two-direction connection between fiscal sustainability and financial stability. This article analyses one direction of this connection, i. e. implications of fiscal sustainability for financial stability. The complex research presented in this article involves the analysis of scientific literature, of statistical data, multi-criteria evaluation, the interstate comparative analysis, and panel estimation. The results of the research show that some fiscal variables may have a role to play in explaining changes of the financial stability index.

Financial stability is related to both the real economic sector and public finance stability, and this cohesion is complex, ambiguous, especially complicated, includes many factors acting in different directions. Fiscal sustainability is one of the most significant factors of financial stability, and recently its significance has unfolded in the context of increasing fiscal imbalances and the government debt crisis. The growing interdependence between the public and the financial sectors leads to strengthening the two-direction connection between fiscal sustainability and financial stability. This article analyses one direction of this connection, i. e. implications of fiscal sustainability for financial stability. The complex research presented in this article involves the analysis of scientific literature, of statistical data, multi-criteria evaluation, the interstate comparative analysis, and panel estimation. The results of the research show that some fiscal variables may have a role to play in explaining changes of the financial stability index.

Financial stability is related to both the real economic sector and public finance stability, and this cohesion is complex, ambiguous, especially complicated, includes many factors acting in different directions. Fiscal sustainability is one of the most significant factors of financial stability, and recently its significance has unfolded in the context of increasing fiscal imbalances and the government debt crisis. The growing interdependence between the public and the financial sectors leads to strengthening the two-direction connection between fiscal sustainability and financial stability. This article analyses one direction of this connection, i. e. implications of fiscal sustainability for financial stability. The complex research presented in this article involves the analysis of scientific literature, of statistical data, multi-criteria evaluation, the interstate comparative analysis, and panel estimation. The results of the research show that some fiscal variables may have a role to play in explaining changes of the financial stability index.

Financial stability is related to both the real economic sector and public finance stability, and this cohesion is complex, ambiguous, especially complicated, includes many factors acting in different directions. Fiscal sustainability is one of the most significant factors of financial stability, and recently its significance has unfolded in the context of increasing fiscal imbalances and the government debt crisis. The growing interdependence between the public and the financial sectors leads to strengthening the two-direction connection between fiscal sustainability and financial stability. This article analyses one direction of this connection, i. e. implications of fiscal sustainability for financial stability. The complex research presented in this article involves the analysis of scientific literature, of statistical data, multi-criteria evaluation, the interstate comparative analysis, and panel estimation. The results of the research show that some fiscal variables may have a role to play in explaining changes of the financial stability index.

EU Council of Ministers, legislative politics, negotiations, Eastern Enlargement. - The dissertation analyzes the impact of the Eastern Enlargement on the work of the EU Council of Ministers. Why does the Council fulfill its legislative tasks so efficiently, despite the exogenous shock of membership change? What kind of shifts in the internal dynamics did the Eastern Enlargement induce? It is argued that the legislative robustness of the enlarged Council results from member states' highly unequal ambitions and abilities to formulate and advocate their own policy interests in the Council arena. This diversity is strategically exploited by the Council Presidency, which employs its procedural prerogatives to boost legislative effectiveness, in line with its institutional interest. The Eastern Enlargement increased the internal fragmentation of the Council and intensified the demand for leadership and process-management, eventually leading to "oligarchization" of this institution. The thesis offers a mechanism-based explanation, as it explores the sequences of position-taking, coalition formation, conflict dynamics and majority crafting within the Council. While presenting two case-studies from the realm of the regulatory policy, the thesis complements existing large-n studies of post-Enlargement Council politics.