Economic Archive

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  ECONOMIC GROWTH EFFECT OF GOVERNMENT EXPENDITURE ON EDUCATION

  Education is a key area of public life and its function is to provide highly qualified human capital. The development of the field of education is directly dependent on the funds allocated for training, research and innovation. The spread of the COVID-19 epidemic crated many social and economic problems that national governments are expected ... Education is a key area of public life and its function is to provide highly qualified human capital. The development of the field of education is directly dependent on the funds allocated for training, research and innovation. The spread of the COVID-19 epidemic crated many social and economic problems that national governments are expected resolve quickly and effectively by finding rational solutions. Education is one of the areas of strategic importance for overcoming the consequences of the pandemic. It is an important part of the public sector in which education, training and acquisition of knowledge and skills take place.

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  THE FINANCIAL LITERACY OF CLIENTS – AN IMPORTANT FACTOR FOR BANKS’ SUCCESSFUL DIGITALIZATION

  The digitalization of banking operations and the opportunities it provides the clients with has been an important aspect of banking for decades. Banks are among the financial institutions that work actively so that they do not lag behind the global e-business which is moving forward. Successful banking digitalization depends on numerous factors ... The digitalization of banking operations and the opportunities it provides the clients with has been an important aspect of banking for decades. Banks are among the financial institutions that work actively so that they do not lag behind the global e-business which is moving forward. Successful banking digitalization depends on numerous factors whereas one of them is clients’ financial literacy which significantly predefines how the process of banks’ digital transformation would continue. The research is aimed at outlining banking digitalization’s dependency on the literacy level of clients and the policies to be implemented so that it is successful.

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  ECONOMIC POLICIES OF THE EUROPEAN UNION – CONCORDANCE OR DISCORDANCE?

  The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to ... The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to reveal that it is weak, which can be attributed to some crisis resolution shortcomings. The reasons for this incoherence can be found both in the institutional structure of the European financial institutions and in some rigid strategies of the Union (unwillingness to pursue a common fiscal policy, frugal budget spending policies, etc.)