E02 - Institutions and the MacroeconomyReturn

The article deals with the definition of a consolidated group in the Czech Republic and Slovakia public sector. On 30 January 2015 The International Public Sector Accounting Standards Board published new standard IPSAS 35 - Consolidated Financial Statements. This standard represents a very sophisticated construction accounting axioms based on the approximation of the public sector to the private sector in the accounting consolidation field. The aim of this article is an identification and subsequent comparison of methodological elements in the consolidated group definition of public sector in the Czech and Slovak national legislative amendments in the context of IPSAS 35.

The article deals with the exchange rate policy of India in the period 1999-2013. The first part informs about specificity of Indian economy. These features (apart from the Great recession) have brought Indian economy to sluggish growth after 2010. Next part is concentrated on Indian exchange rate policy and forex exchange market. The last part scrutinizes Indian balance of payments. It pays attention to widening current account deficit till 2012. Moreover, the current account deficit has been financed primarily by debt for approximately last five years.