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Half a century of the world money development
Frait, Jan; Komárek, Luboš - In: Politická ekonomie 2006 (2006) 3
The article provides a general description of the world money development in both developed and developing countries … aggregates (broad and narrow money), foreign exchange reserves, inflation and interest rates. We found that after relatively … of neutrality and superneutrality of money in the light of GDP dynamics during monitored period and practical aspects of …
Persistent link: https://www.econbiz.de/10005036615
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Currency in circulation: global trends and the situation in the Czech republic
Cimburek, Jan; Řežábek, Pavel - In: Politická ekonomie 2008 (2008) 6, pp. 739-758
argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of …
Persistent link: https://www.econbiz.de/10008754951
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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
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Dynamic model of uncovered interest rate parity (theory and empirical verification in the transitive economies)
Durčáková, Jaroslava; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2005 (2005) 3, pp. 291-304
The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of uncovered interest rate parity is based on an ex ante view and...
Persistent link: https://www.econbiz.de/10005036609
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Systematic part of CNB's monetary policy in inflation targeting regime
Navrátil, David - In: Politická ekonomie 2004 (2004) 5, pp. 623-636
In the inflation targeting regime the central bank makes a decision about interest rate adjustment based on a forecast, primarily of inflation. Thus a big part of the decisions on interest rate adjustments corresponds to systematic response of central bank to expected economic development. The...
Persistent link: https://www.econbiz.de/10005036683
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Relative version of the theory of purchasing power parity: problems of empirical verification
Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2008 (2008) 6, pp. 723-738
The article discusses problems of the empirical verification of the relative version of the theory of purchasing power parity based on aggregated price indexes (especially using the consumer price index). The goal of the articles is to compare empirical results obtained from cross-country time...
Persistent link: https://www.econbiz.de/10008754973
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Determinantes económicos de la decisión de emigrar
Arocha González, Manuel - In: Entelequia. Revista Interdisciplinar (2007) 4, pp. 71-78
The purchasing power's difference between currencies appears to trigger a person to make the decision of emigrating, but it does not look to be the only one. European Union enlargement, immigration policies, as well as different personal and/or psychological reasons, have modified migrations...
Persistent link: https://www.econbiz.de/10005430354
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Měnová odluka v České Republice v roce 1993
Prokop, Ladislav - In: Politická ekonomie : teorie, modelování, aplikace 43 (1995) 3, pp. 361-378
Persistent link: https://www.econbiz.de/10001191760
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K 50. výročí měnové reformy v roce 1945
Půlpanová, Stanislava - In: Finance a úvěr 45 (1995) 11, pp. 645-653
Persistent link: https://www.econbiz.de/10001203228