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The existing negative trend in fiscal development and increasing indebtedness of public finances, strengthened by the last crisis, have disrupted the fiscal stability of countries and have required governments´ interventions in the form of fiscal consolidation within their fiscal systems. The success of the fiscal consolidation process is conditioned by many determinants, among which may the fiscal rules be included. The role of fiscal rules is to provide a permanent pressure on fiscal policies with the intention ...

A significant degree of uncertainty in the consistent of the fiscal development within EU countries has prompted governments to stop or decrease unfavourable developments and to look for solutions to ensure sufficient debt financing. In the context of debt financing, which is one of the major ways of financing the fiscal imbalance, are countries, as reported by OECD surveys, besides traditional debt instruments focusing also on the use of specific financial instruments - derivatives. The aim of the paper is to ana...

Reputation represented by different rating structures and mechanisms help building trust in electronic auction platforms like eBay for several years. Several studies in this field identified core benefits of such mechanisms. Results from them suggest that sellers with higher ratings are usually rewarded by higher purchasing price, than sellers with lower rating level. Reputation mechanisms are not very widely implemented on B2B (business to business) e-markets and/or on e-procurement markets. Therefore benefits id...