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EU countries applying for membership in the monetary union have to fulfill so-called convergence criteria known as well as the Maastricht criteria. One of the prerequisites for its completion is also achieving macroeconomic balance, which contributes to the performance of the economy and increase the growth of competitiveness. Slovakia recorded significant real GDP growth for the period of years 2005 - 2008, which contributed to the fulfillment of the convergence criteria and Slovakia's entry into the monetary uni...

Experiences from the development of the world economy in the first decade of the 21st century shows that the economies of many countries were hit by crisis processes that gradually occur with varying intensity in the form of mortgage, financial, economic, but also political, social, debt, as well as moral, systemic crisis and as well as the crisis of civilization. World global crisis was initially perceived as a crisis, which only applies to the USA. Gradually, as the crisis processes were deepening in other count...

The degree of openness measured as the share of foreign trade to GDP is one of the factor that significantly determine the development of countries. That is why many authors are interested in openness of the economy and its impact on macroeconomic development of the country from a theoretical and empirical aspect. This paper is therefore dedicated to show different measurement of openness and analyze the relationship of openness of the economy and macroeconomic developments with the help of regression analysis. Nu...