<abstract xmlns="http://www.w3.org/1999/xhtml">The evaluation and improvement of forecasts accuracy generate growth in the quality of decisional process. In Romania, the most accurate predictions for the unemployment rate on the forecasting horizon 2001-2012 were provided by the Institute for Economic Forecasting (IEF) that is followed by European Commission and National Commission for Prognosis (NCP). The result is based on U1, but if more indicators are taken into consideration at the same time using the multi-criteria ranking, the conclusion remains the same. A suitable strategy for improving the degree of accuracy for these forecasts is represented by the combined forecasts. The accuracy of NCP predictions can be improved on the horizon 2001-2012, if the initial values are smoothed using Holt-Winters technique and Hodrick-Prescott filter. The use of Monte Carlo method to simulate the forecasted unemployment rate proved to be the best way to improve the predictions accuracy. Starting from an AR(1) model for the interest variable, the uncertainty analysis was included, the simulations being made for the parameters. Actually, the means of the forecasts distributions for unemployment are considered as point predictions which outperform the expectations of the three institutions. The strategy based on Monte Carlo method is an original contribution of the author introduced in this article regarding the empirical strategies of getting better predictions.</abstract>

The Performance of Unemployment Rate Predictions in Romania. Strategies to Improve the Forecasts Accuracy

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this article is to assess whether a Fiscal Sustainability Indicator (FSI) can be used to predict the probability that a currency crisis occurs. The FSI developed by Croce and Juan-Ramón (2003) is employed. Two different definitions for currency crises are used to evaluate whether they induce different results in the analysis. In general, the results suggest that the lagged FSI has an explanatory power over currency crises in some countries.</abstract>

The Relationship between Fiscal Sustainability and Currency Crises in Some Selected Countries

<abstract xmlns="http://www.w3.org/1999/xhtml">Banks are in the business of taking risks. The 3 pillars of Basel II capital accord highlight the crucial role of informative risk disclosures in enhancing market discipline. The specific role and responsibilities of the board of directors or supervisory boards in banking institutions continue, however, to fuel debate. Findings of the literature are often inconclusive. The main contribution of this study is examining how board characteristics affect risk in banking industry. We explore this relationship by using many econometric approaches. The empirical analysis based on a sample of 11 Tunisian conventional banks over the period 2001-2011 reports the following results when using GLS RE: small and dual functions boards are associated with more insolvency risk but have no significant effect on credit and global risks. The presence of independent directors within the board generates an increase in global risk but has no significant effect on insolvency and credit risks. A lower CEO ownership has no significant effect with all measures of risks. Finally, banking capitalization is associated with more insolvency risk, and small size banks assume lower credit risk. These findings are performed by using a GMM in system approach</abstract>

Faculty of Law, Economics and Management of Jendouba, University of Jendouba, Tunisia

High Business School of Tunis, University of Manouba, Tunisia

Banking Governance and Risk: The Case of Tunisian Conventional Banks

AHEAD OF PRINT

Volume 24 (2024): Issue 1 (March 2024)

Volume 23 (2023): Issue 4 (December 2023)

Volume 23 (2023): Issue 3 (September 2023)

Volume 23 (2023): Issue 2 (June 2023)

Volume 23 (2023): Issue 1 (March 2023)

Volume 22 (2022): Issue 4 (December 2022)

Volume 22 (2022): Issue 3 (September 2022)

Volume 22 (2022): Issue 2 (June 2022)

Volume 22 (2022): Issue 1 (March 2022)

Volume 21 (2021): Issue 4 (December 2021)

Volume 21 (2021): Issue 3 (September 2021)

Volume 21 (2021): Issue 2 (June 2021)

Volume 21 (2021): Issue 1 (March 2021)

Volume 20 (2020): Issue 4 (December 2020)

Volume 20 (2020): Issue 3 (September 2020)

Volume 20 (2020): Issue 2 (June 2020)

Volume 20 (2020): Issue 1 (March 2020)

Volume 19 (2019): Issue 4 (December 2019)

Volume 19 (2019): Issue 3 (September 2019)

Volume 19 (2019): Issue 2 (June 2019)

Volume 19 (2019): Issue 1 (March 2019)

Volume 18 (2018): Issue 4 (December 2018)

Volume 18 (2018): Issue 3 (September 2018)

Volume 18 (2018): Issue 2 (June 2018)

Volume 18 (2018): Issue 1 (March 2018)

Volume 17 (2017): Issue 4 (December 2017)

Volume 17 (2017): Issue 3 (September 2017)

Volume 17 (2017): Issue 2 (June 2017)

Volume 17 (2017): Issue 1 (March 2017)

Volume 16 (2016): Issue 4 (December 2016)

Volume 16 (2016): Issue 3 (September 2016)

Volume 16 (2016): Issue 2 (June 2016)

Volume 16 (2016): Issue 1 (March 2016)

Volume 15 (2015): Issue 4 (December 2015)

Volume 15 (2015): Issue 3 (September 2015)

Volume 15 (2015): Issue 2 (June 2015)

Volume 15 (2015): Issue 1 (March 2015)

Volume 14 (2014): Issue 4 (December 2014)

Volume 14 (2014): Issue 3 (September 2014)

Volume 14 (2014): Issue 2 (June 2014)

Volume 14 (2014): Issue 1 (March 2014)

Volume 13 (2013): Issue 4 (December 2013)

Volume 13 (2013): Issue 3 (September 2013)

Volume 13 (2013): Issue 2 (June 2013)

Volume 13 (2013): Issue 1 (March 2013)

Volume 12 (2012): Issue 4 (December 2012)

Volume 12 (2012): Issue 3 (October 2012)

Volume 12 (2012): Issue 2 (January 2012)

Volume 12 (2012): Issue 1 (January 2012)

Volume 11 (2011): Issue 4 (December 2011)

Volume 11 (2011): Issue 3 (September 2011)

Volume 11 (2011): Issue 2 (January 2011)

Volume 11 (2011): Issue 1 (January 2011)

Volume 10 (2010): Issue 4 (January 2010)

Volume 10 (2010): Issue 3 (September 2010)

Volume 10 (2010): Issue 2 (January 2010)

Volume 10 (2010): Issue 1 (January 2010)

Volume 9 (2009): Issue 4 (January 2009)

Volume 9 (2009): Issue 3 (September 2009)

Volume 9 (2009): Issue 2 (January 2009)

Review of Economic Perspectives

 Review of Economic Perspectives (REP) – Národohospodářský obzor (in Czech) is a peer-reviewed scientific quarterly focused on issues in economic policy, economics and econometrics that have practical relevance for Central and Eastern European countries. The articles are published in English, in print and online versions. The journal has freely continued the tradition of Obzor národohospodářský, a Czech economic journal, first issue of which was published in 1895.  Why submit    Free of charge submission and no publication fees  Fast review and editing process  High quality of editing and language revision services by native speaker   Beyond scientific articles REP welcomes and publishes also other works related to its aim like    Reports from important scientific conferences and workshops  Book reviews    Rejection Rate    42 % (2012–2015 average)   Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 

Review of Economic Perspectives

Volume 13 (2013): Issue 4 (December 2013)

The Performance of Unemployment Rate Predictions in Romania. Strategies to Improve the Forecasts Accuracy

The Relationship between Fiscal Sustainability and Currency Crises in Some Selected Countries

Banking Governance and Risk: The Case of Tunisian Conventional Banks

Buscar

Todos los volúmenes y ediciones en esta revista