Showing 1 - 10 of 150
The relatively long term period of stability before the present crises called even "Great Moderation" or "Golden Age of Central Banking" indicated that the infl ation targeting was a success story. As of 2008 a lot has changed and the debate over "Leaning against the wind or Clean afterwards?"...
Persistent link: https://www.econbiz.de/10008876466
The article deals with a numerical comparison of impacts of financial crises on the stock market over the last one hundred years. The goal of the analysis is to investigate, according to certain criteria, whether the current crisis on the stock market is more serious than the previous ones.
Persistent link: https://www.econbiz.de/10008642623
Building upon exhaustive research of extant and often fragmentary contemporary resources, this paper provides a thorough analysis of financial options trading and sales in interwar Czechoslovakia. Whilst focusing primarily on a remarkable bucketshop episode occuring in the late twenties and...
Persistent link: https://www.econbiz.de/10009019524
Keynes foreword to the German edition of his General Theory is one of the causes of the association between his name and a total state. This paper looks into how justified the link between Keynes's theory and the Nazi German economic policy really is. The first part introduces Keynes's ideas on...
Persistent link: https://www.econbiz.de/10005036388
As regards the frequently mentioned risks connected with the EU entry, we feel that the analyzed macroeconomic data do not confi rm that these risks have materialized. The example of the Czech Republic, which joined the EU in 2004, conversely points to an improvement of most macroeconomic...
Persistent link: https://www.econbiz.de/10005036391
This study is the second part of larger empirical work focused on the timing of European Monetary Union (EMU) accession and on the selection of a pre-accession exchange-rate regime. The tool of our empirical analysis used in both studies is a model simulation that benefits from a consistent...
Persistent link: https://www.econbiz.de/10008549842
Regulation and supervision of financial markets are frequent topics of economic theory and practise. Structure and responsibilities of supervising institutions are still among open problems of the economic policy of the Czech Republic. Currently four institutions share the supervision of Czech...
Persistent link: https://www.econbiz.de/10005067741
The article outlines the historical roots of bonds and bond-market institutions in the Czech Republic. The survey begins in early 20th century, during the Habsburg monarchy, carries through the First Republic of Czechoslovakia and the preceding post-Second World War socialist era, and culminates...
Persistent link: https://www.econbiz.de/10008495833
Persistent link: https://www.econbiz.de/10010473608
The present article is focused on the Capital Asset Pricing Model (CAPM) and its implementation into American Stock Market. It attempts to empirically test the validity of the CAPM to estimate individual stock returns based on historical stock data of selected companies. Security Market Line...
Persistent link: https://www.econbiz.de/10015246689