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New elements in global architecture of isurance markets

Ducháčková, Eva; Daňhel, Jaroslav - In: Politická ekonomie 2006 (2006) 3

insurance market. The principles of Basel II and Solvency II are discussed. The second part of article concerned with quality … way - insurance, reinsurance and public finance is completed by insurance derivates (CAT bondes) in present. This solution …

Persistent link: https://www.econbiz.de/10005036623

How Common Methodology Problems Affect the Unsatisfactory Status of Economic Science

Daňhel, Jaroslav; Ducháčková, Eva - In: Politická ekonomie 2010 (2010) 5, pp. 596-607

The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in such critical situations as the period of the current fi nancial and economic crisis and the transformation period of post-communist economies. Mainly present crisis opens the...

Persistent link: https://www.econbiz.de/10008752946

Qualitative Changes in Risk Trends Pose Challenges for Insurability

Bejrová, Martina; Králík, Jiří - In: Acta Oeconomica Pragensia 2011 (2011) 2, pp. 50-65

, the insurance industry has encountered a problem of insurability limits and shifting boundaries of the private insurance …, the insurance industry has found some ways to heighten the limits of insurability, i.e., adjustments of terms and … be implemented by 2013, capital requirements may increase and thus the capacity of the insurance industry might be …

Persistent link: https://www.econbiz.de/10009021820

Corporate strategy and financial theory

Vlachý, Jan - In: Politická ekonomie 2009 (2009) 2, pp. 147-162

The dramatically growing disproportion between the value of corporate assets and market valuation has resulted in a well-researched schism between strategic management and financial theory. Options theory provides a potent tool to resolve this issue. We propose a model which is consistent with...

Persistent link: https://www.econbiz.de/10005258060

The penalty on risky personal income due to tax rate progression

Vlachý, Jan - In: Politická ekonomie 2007 (2007) 5, pp. 625-636

This paper analyzes the tax penalty on volatile personal income under progressive tax rates. The phenomenon may have an effect on long-term entrepreneurial decisions as well as risky occupational choice. An options-based model is used to estimate the expected effective rate due from tax-payers...

Persistent link: https://www.econbiz.de/10005036619