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World Finance and Economic Stability (J. Tobin) (in Czech)

Èihák, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 1-2, pp. 68-71

Persistent link: https://www.econbiz.de/10008495708

Managing quality of the educational process

Cahlík, Tomáš; Marková, Jana - In: Politická ekonomie 2009 (2009) 1, pp. 3-20

Results of a survey concerning the importance of quality management of the educational process among high officials of Czech universities and colleges are summarized in this article. Three of possible methods of quality management in the educational process are described here: Standardization...

Persistent link: https://www.econbiz.de/10005258340

Transactions cost and boundary of the firm

Vitík, Robert - In: Ekonomika a managment 2008 (2008) 3

This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...

Persistent link: https://www.econbiz.de/10009401149

Learning from Errors

Martinez-Legaz, Juan Enrique; Soubeyran, Antoine - Departament d'Economia i Història Econòmica, … - 2003

We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent rejects not only that action but also neighboring actions. We find that, keepng memory of his errors, under mild assumptions an acceptable solution is asymptotically reached....

Persistent link: https://www.econbiz.de/10005572182

Learning Process and Transparency of Central Bank

Holinka, Tomáš - In: Politická ekonomie 2010 (2010) 4, pp. 458-470

Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private agents are learning new information and adjust their expectation about the inflation and output gap. Central bank transparency is one of the key factors of learning by private...

Persistent link: https://www.econbiz.de/10008564640

Rizika a výzvy měnové strategie k převzetí eura / Risks and Challenges of Monetary Strategy for Euro Adoption [available in Czech only]

Dědek, Oldřich - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

The paper evaluates some policy dilemmas the Czech monetary policy will face on the way towards adopting common currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing that alleged negative influences on the catching-up...

Persistent link: https://www.econbiz.de/10005808673

Central bank Losses. An Economic and Accounting Perspective Using the Example of the Czech National Bank

Mandel, Martin; Zelenka, Vladimír - In: Politická ekonomie 2009 (2009) 6, pp. 723-739

The first question that we ask ourselves in our article is whether the accounting of the central bank is supposed to respect the principles of internationally accepted standards (especially the International Financial Reporting Standards). We are looking for the basic differences in...

Persistent link: https://www.econbiz.de/10008545880

Contributions to Inflation and Deflation in Today?s Market Economy

Revenda, Zbynìk - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 7-8, pp. 335-354

deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and … deflation are potentially graver. In the contemporary two-tier banking system the money issue and circulation cannot be fully … backed by gold or by other bank reserves, and so monetary policy should be primarily oriented to the quality of money, i …

Persistent link: https://www.econbiz.de/10008549675

Exchange Rate Convergence and Entry to the Eurozone (II): A Comparison of Experiences from Member States of the European Union

Èech, Zdenìk; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 10, pp. 522-538

The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...

Persistent link: https://www.econbiz.de/10008549714

Price Convergence toward the EU: A Few Open Issues

Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 349-362

This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First, what, from the theoretical viewpoint, should the...

Persistent link: https://www.econbiz.de/10008549821