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  The Long-Term Interest Rates for Convergence Purposes as Crises Indicator for the Eurozone

  The main aim of the survey is to develop critical point of view over the Maastricht convergence criteria for the Euro zone countries and to provide arguments in favor of the acceptance of the long-term interest rate for convergence purposes as a leading, market based indicator of the economic crises. The main subject of the research is the Euro ... The main aim of the survey is to develop critical point of view over the Maastricht convergence criteria for the Euro zone countries and to provide arguments in favor of the acceptance of the long-term interest rate for convergence purposes as a leading, market based indicator of the economic crises. The main subject of the research is the Euro zone, and the main topic respectively – long-term interest rate for convergence purposes within the Euro zone as a convergence criteria with major analytical importance for the process of building reliable prognoses and crises indicators. The structure of the article is divided in two main bodies. Firstly, it is introduce wide critical overview of leading scientific surveys in the area of Maastricht convergence criteria within the crises period (2008–2012) and secondly, applying of econometric analyses of the long-term interest rate for convergence purposes within Eurozone-12 for the purposes of discovering of crises Indicators. As a result of the research it is proved that for the PIIGS group are available strong, market based evidences for forthcoming economic disturbances provided as a result of regression analyses of long-term interest rate of 10-yers debt securities for convergence purposes.

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  For pathos of words in the German Cultural History

  In the cultural history of every country there are situations in which the survival depends on simple things at first sight.... In the cultural history of every country there are situations in which the survival depends on simple things at first sight.

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  Discussion Questions of Stress Testing in the Modern Bank Practice

  The present article provides critical analysis of the existing practice for carrying out of stress-test in the banking sector in the country and abroad. It provides good grounds for accentuating on a number of unsolved or discussion issues, concerning: significance of the stress-tests; scope and periodicity of their implementation; identification ... The present article provides critical analysis of the existing practice for carrying out of stress-test in the banking sector in the country and abroad. It provides good grounds for accentuating on a number of unsolved or discussion issues, concerning: significance of the stress-tests; scope and periodicity of their implementation; identification of the specific risks, with potential negative effects; scenario modelling with specifying key risk parameters (factors), subject of shocking changes; performance of comparative analysis of the methods for implementing stress-tests and outlining of their advantages and disadvantages; specifics of implementation of the so-called „reverse" stress-tests, etc.