Suchergebnisse

In this paper we discuss the issue of the choice of exchange rate regimes in transitive economies and the effect of exchange rate policy on the development of macroeconomic indicators (e.g. the average growth rate of real GDP in domestic currency and the development of domestic inflation). It is obvious that exchange rate policy is not a passive factor, at least in the medium term. Our analysis indicates that the fixed foreign exchange rate arrangements policy does not necessarily mean stability of the foreign exchange rates. Neither percentage exchange rate changes of fixed rates, nor their volatility measured by the standard deviation are lower than the average change is over the examined period. Our analysis indicates also that the inflation rate is growing in accordance with the growth of depreciation of the foreign exchange rate and the growth of its volatility measured by the standard deviation. It was cleared that the higher volatility of the effective nominal exchange rate is reflected by the lower average economic growth rate of transitive countries. Adapted from the source document.

In the Slovak parliamentary elections of 2010, the reformist centre-right parties defeated the left-nationalist coalition government led by Robert Fico. The election results brought some other surprises – the Movement for a Democratic Slovakia and its leader, three-times Prime Minister Vladimír Mečiar, as well as the Party of Hungarian Coalition were eliminated from the national parliament. Moreover, the election outcome of the radical right-wing Slovak National Party declined significantly. On the other hand, two new parties entered parliament. All in all, the election outcomes show the weakening of the nationalist agenda and the nationalist vote. The paper examines why this has happened and raises the question of to what extent it is sustainable.

The article presents an analysis of development of the party system in Latvia from 1918 and shows how continuity and discontinuity is reflected: elements taken over from previous establishments, personal continuity of contemporary political heads with the preceeding ones and continuity and discontinuity in the development from restoration of democrarcy. Latvia took over a lot of elements from the inter-war period (e.g. the 1922 Constitution as a core of the present one), from the characteristcic features of the inter-war Latvia a unstability of goverments was preserved together with small alternation of governing parties, attempts on parties' renewal failed (only LSDSP remained in the parliament), the number of parliamentary parties decreased and independent representation of minorities as well as Latgale vanished. The autoritative establishment of 1934 – 1940 does not have any influence on the contemporary situation except for some references to the president of that period Karlis Ulmanis. German occupation and behaviour of Latvians during those years still contribute to the tension between Russia and Latvia. Many personages from the communist period managed to assept themselves on the political scene. The development from the democracy restoration is marked by high volatility and discontinuity, firts of all it is possible to follow the origin of parties and their representatives in the basic division of the political scene from the end of eighties on to national, pro-reform and anti-reform trends. ; The article presents an analysis of development of the party system in Latvia from 1918 and shows how continuity and discontinuity is reflected: elements taken over from previous establishments, personal continuity of contemporary political heads with the preceeding ones and continuity and discontinuity in the development from restoration of democrarcy. Latvia took over a lot of elements from the inter-war period (e.g. the 1922 Constitution as a core of the present one), from the characteristcic features of the ...