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This paper examines the potential basis for the determination of a barometer to size democracy, a new instrument designed to measure the differences in the quality of democracies established for the East and North European Union countries. This new research instrument is based on a comprehensive concept of democracy, which includes three principles: freedom, equality and control, which are assured by nine functions: individual freedoms, the rule of law, public sphere, competition, mutual constraints, governmental ...

Foreign Exchange Act of 27 July 2002 with numerous executive acts constitutes the system of Polish exchange law. Along with the Constitution of the Republic of Poland and The Act on the National Bank of Poland it delineates a particular position of the National Bank of Poland. The research purpose of the present paper is the analysis of those legal regulations which indicate the role and responsibilities of the National Bank of Poland in the sphere of foreign exchange. Pursuant to Art. 52 of The Act on the Nationa...

Short-term visions, a weak understanding of the mechanisms of the economic and social environment, lack of responsibility are frequently seen in the global society, signaling the loss of direction of the economic world and lying at the basis of economic and financial disasters, as well as lessons supporting the need to reconsider corporate governance mechanisms and reinforce the place and part of control therein. Corporate governance is as important for the business world as democracy for the rule of law. The grea...

Division of power as a base principle of construction of state power is a major precondition for establishment and construction of democratic and functional states in accordance with international acquitted standards and practices. Parliamentary control of the Government and the state administration bodies in front of Parliament is one of the characteristics of the parliamentary system. The Government of the Republic of Macedonia and its members for their work are responsible before the Parliament of the Republic ...