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the Asian Century. Particularly the latter, the broad and aggressive use of artificial intelligence renders the challenge of Chinese state capitalism to a much more formidable challenge to the US capitalism than the Soviet Union could ever marshal

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acceptable for such an analysis. Drehmann – Nikolaou (2013) consider banks' bidding aggressiveness at the European Central Bank's auctions as a good proxy. This paper is built on the earlier work of Brunnermeier et al. (2012) and Bai et al. (2017) in

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balance sheet. The loan to deposit rate is used to decide if the policy of the bank was aggressive and risky or not, which has a significant influence on the liquidity risk as well. Thus, this group includes: Liquidity rate: (Cash and central bank deposit

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highly ranked universities ( Nofri 2015 ). Others regard the aggressive and wide-spread pursuit of building world-class universities coupled with an inside need for expanding higher education as a mean to create an extremely stratified system ( Shen 2018

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. Potentially risky members of selected MNEs in the Czech Republic are identified and the setup of these members' transfer prices is assessed. 2 Literature review One should distinguish between tax planning, aggressive tax planning and tax evasion, even though

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