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Stress Testing of Banking Systems (in English)

Èihák, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 55 (2005) 9-10, pp. 418-440

In response to the increased financial instability of many countries in the 1990s, policy makers sought a better understanding of the vulnerabilities of financial systems and of measures that could help prevent financial crises. A key technique for quantifying financial-sector vulnerabilities is...

Persistent link: https://www.econbiz.de/10005808649

Increasing Energy and Resource Efficiency through Innovation: An Explorative Analysis Using Innovation Survey Data

Rennings, Klaus; Rammer, Christian - In: Czech Journal of Economics and Finance (Finance a uver) 59 (2009) 5, pp. 442-459

Energy and resource efficiency innovations (EREIs) are often seen as win-win opportunities for both the economic and … influence, while on the demand side increased productivity and cost reductions are decisive, as well as improved product quality … successful compared to conventional innovations, they contribute substantially to the economic success of firms. …

Persistent link: https://www.econbiz.de/10008509490

Institutions, Policy and Banking Sector Development: A Reassessment

Filippidis, Ioannis; Katrakilidis, Constantinos - In: Czech Journal of Economics and Finance (Finance a uver) 64 (2014) 6, pp. 501-521

This paper investigates the links between institutional quality and government policy in banking sector development, using data from 80 low-, middle- and high-income economies during 1985–2007. In order to investigate the effect of economic, political and social institutions on bank-based...

Persistent link: https://www.econbiz.de/10011095124

The Determinants of the Interest Rate Margins of Czech Banks

Horváth, Roman - In: Czech Journal of Economics and Finance (Finance a uver) 59 (2009) 2, pp. 128-136

The author examines the determinants of the interest rate margins of Czech banks by employing a bank-level dataset at quarterly frequency in 2000–2006. His main results are as follows. He finds that more efficient banks exhibit lower margins and there is no evidence that banks with lower...

Persistent link: https://www.econbiz.de/10005256666

Management and Regulation of Foreign Exchange Risk (in Czech)

Silberová, Zuzana - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 7-8, pp. 282-213

This work examines specific issues concerning the prudential management and regulation of foreign exchange risk. It begins with a description of the basic components of foreign exchange risk management. A central but frequently forgotten point of foreign exchange risk is that the key to its...

Persistent link: https://www.econbiz.de/10009399035

Monetary Policy Rules with Financial Instability

Bauducco, Sofía; Bulir, Aleš; Èihák, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 61 (2011) 6, pp. 545-565

To provide a rigorous analysis of monetary policy in the face of financial instability, the authors extend the standard dynamic stochastic general equilibrium model to include a financial system. Their simulations suggest that if financial stability affects output and inflation with a lag, and...

Persistent link: https://www.econbiz.de/10009645287

Does Non-linearity Matter in Retail Credit Risk Modeling?

Jagric, Timotej; Jagric, Vita; Kracun, Davorin - In: Czech Journal of Economics and Finance (Finance a uver) 61 (2011) 4, pp. 384-402

In this research we propose a new method for retail credit risk modeling. In order to capture possible non-linear relationships between credit risk and explanatory variables, we use a learning vector quantization (LVQ) neural network. The model was estimated on a dataset from Slovenian banking...

Persistent link: https://www.econbiz.de/10009251306

Dynamic Stress Testing: The Framework for Assessing the Resilience of the Banking Sector Used by the Czech National Bank

Gersl, Adam; Jakubik, Petr; Konecny, Tomas; Seidler, Jakub - In: Czech Journal of Economics and Finance (Finance a uver) 63 (2013) 6, pp. 505-536

This paper describes the current stress-testing framework used at the Czech National Bank (CNB) to test the resilience of the banking sector. Macroeconomic scenarios and satellite models linking macroeconomic developments with key risk parameters and assumptions for generating dynamic stock-flow...

Persistent link: https://www.econbiz.de/10010726611

Financial Crises, Concentration and Efficiency: Effects on Performance and Risk of Banks

AZOFRA, Sergio SANFILIPPO; SAIZ, Maria CANTERO; OLMO, … - In: Czech Journal of Economics and Finance (Finance a uver) 63 (2013) 6, pp. 537-558

This paper analyzes the changes that financial crises cause in the relationship between bank market share, efficiency and profitability, as well as in the relationship between market concentration and risk. The empirical analysis was performed on a sample of 15,399 banks from major OECD...

Persistent link: https://www.econbiz.de/10010726616

Foreign Banks, Foreign Lending and Cross-Border Contagion: Evidence from the BIS Data (in English)

GERŠL, Adam - In: Czech Journal of Economics and Finance (Finance a uver) 57 (2007) 1-2, pp. 27-40

The paper discusses the role of foreign banks and foreign lending in central and east European countries from the financial-stability perspective using Bank for International Settlements data on global banking. The pattern of foreign bank involvement in the region is analyzed and the risk of...

Persistent link: https://www.econbiz.de/10005673592