Editorial

Kateřina Randová
Analysis of Potential Impacts of Inclusion of Locally Supplied Services into Reduced VAT Rate on the Suppliers of these Services

Svend Reuse
Comparing Variance/Covariance and Historical Simulation in the Context of the Financial Crisis – Do Extreme Movements Have an Influence onto Portfolio Selection?

Book Reviews:

The Development of the Insurance Market in the Countries of the Visegrád Four in 1995–2007
Reviewed by František Řezáč

Credit Risk Management: Basic Concepts: Financial Risk Components, Rating Analysis, Models, Economic and Regulatory Capital
Reviewed by Ivana Valová