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Market liquidity risk and its incorporation into value at risk

Strnad, Petr - In: Acta Oeconomica Pragensia 2009 (2009) 2, pp. 21-37

, they focus only on pure market risks without taking into account the market liquidity. As a consequence, they underestimate … the total risk. This paper focuses on the importance of market liquidity and describes ways to integrate it into the VaR …

Persistent link: https://www.econbiz.de/10005079050

The Agency Problem in New Institutional Economics

Otáhal, Tomáš - In: Politická ekonomie 2009 (2009) 5, pp. 677-695

The aim of the paper is to set the agency problem into a broad context of New Institutional Economics with an emphasis on historical connections. In the first section, I explain the historical evolution of basic theoretical concepts like the theory of firm, the theory of market process and the...

Persistent link: https://www.econbiz.de/10008545885

"Morální hazard" a "nepříznivý výběr" při maximalizaci pravděpodobnosti ekonomického přežití / Moral hazard and adverse selection when survival probability is maximized [available in Czech only]

Hlaváček, Jiří; Hlaváček, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper analyses problems within the asymmetric information models (principal agent models) where we replace standard assumption of maximisation of expected income by maximisation of probability of economic survival. This paper concentrates on two basic models- adverse selection model and...

Persistent link: https://www.econbiz.de/10005698674

Poptávková funkce na trhu s pojištěním: porovnání maximalizace paretovské pravděpodobnosti přežití s teorií EUT von-Neumanna a Morgensterna a s prospektovou teorií Kahnemana a Tverského / Demand for Insurance: Comparison of von Neumann-Morgenstern's and Kahneman-Tverovsky's Approaches [available in Czech only]

Hlaváček, Jiří; Hlaváček, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper shows results of comparison of the original theoretical conception of modeling human decisions under risk with two well known models. In the paper the demand function for insurance is constructed for the model of maximization of the probability of agent’s (economical) survival. This...

Persistent link: https://www.econbiz.de/10005673618

Teoretické a ekonomické aspekty pojištění vkladu°

Revenda, Zbyněk - In: Politická ekonomie : teorie, modelování, aplikace 61 (2013) 2, pp. 149-170

Persistent link: https://www.econbiz.de/10010413937

Agent-zákazník problém v distribuci finančních produktů

Šindelář, Jiří; Budinský, Petr - In: Politická ekonomie : teorie, modelování, aplikace 66 (2018) 4, pp. 491-507

Persistent link: https://www.econbiz.de/10011933866

Evropský systém pojištění vkladů a řešení krizí bank : příležitost k rozšíření jednotného mechanismu pro řešení krizí

Marek, Lukáš - In: Acta oeconomica Pragensia : vědecký časopis Vysoke … 25 (2017) 4, pp. 59-76

Persistent link: https://www.econbiz.de/10011917685

Morální hazard a nepříznivý výběr exportní garanční a pojištovací společnosti, A. S.

Spálovský, Mojmír - In: Acta oeconomica Pragensia : vědecký časopis Vysoke … 20 (2012) 2, pp. 40-48

Persistent link: https://www.econbiz.de/10009537652

Liquidity analysis of industrial companies at the crisis period

Felcman, Michal - In: Ekonomika a managment 2011 (2011) 1

The article analyses development of liquidity indicators of industrial companies during period 2007-2009 in consequence … to accession of global economic crisis. With focus on crisis, it evaluates development of liquidity indicators of … liquidity changes are analysed to the level of particular assets and liabilities which affected the liquidity development. The …

Persistent link: https://www.econbiz.de/10009401110

Central Bank´s Foreign Exchange Reserves Accumulation and Dynamics of Banking System Liquidity Absorption: The Case of the Czech Republic, Poland and Hungary

Brůna, Karel - In: Politická ekonomie 2010 (2010) 6, pp. 723-746

liquidity management. In theoretical part the case of banking system liquidity surplus is analyzed focusing on creation of … liquidity through FX operations, sterilization of liquidity and main sources of liquidity absorption. In this context it is … system liquidity needs and to cover issued currency in circulation and bank´s reserves by net foreign assets. In empirical …

Persistent link: https://www.econbiz.de/10008802572