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Monetary Policy: Old Lessons and New Challenges

Zamrazilová, Eva - In: Politická ekonomie 2011 (2011) 1, pp. 3-21

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

Validita modelu CAPM na akciovém trhu USA

Širůček, Martin; Šoba, Oldřich; Němeček, Jaroslav - 2014

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

Kauzalní vztah peněžní nabídky a amerického akciového trhu

Širůček, Martin - 2015

Monograph on the Causal Relation of Money Supply and American Stock Market deals with the effect of the change of nominal money supply on the American stock index in the studied period 1967–2014. The „Industrial“ stock index Dow Jones Industrial Average, which is considered a barometer of...

Persistent link: https://www.econbiz.de/10015248810

The interest rate transmission mechanism and the management of interest margin in the context of Czech national bank disinflation policy

Brůna, Karel - In: Politická ekonomie 2007 (2007) 6, pp. 829-851

The paper analyzes the relationship between interest rate transmission mechanism and bank's management of interest rate risk during the disinflation monetary policy in the Czech Republic in 1999-2006. In theoretical part, main determinants of short-run and long-run equilibrium of client interest...

Persistent link: https://www.econbiz.de/10005036706

VYUŽITÍ INDIKÁTORŮ P/E A P/BV PŘI SESTAVENÍ AKCIOVÉHO PORTFOLIA

Širůček, Martin - 2017

Presented paper is dealing with using selected fundamental indicators by building a stock portfolio. Analysis is focused on using P/E and P/BV indicators by building a stock portfolio from stocks listed on Prague Stock Exchange. The aim of this paper is answer on question, if stocks with lower...

Persistent link: https://www.econbiz.de/10015257004

On Estimation of Volatility of Financial Time Series for Pricing Derivatives

Černý, Michal - In: Acta Oeconomica Pragensia 2008 (2008) 4, pp. 12-21

Estimation of volatility of financial time series plays a crucial role in pricing derivatives. Volatility is often … estimated from historical data; however, it is well known that volatility varies in time. We propose a method to choose a … suitable length of historical data to estimate contemporary volatility. The method is based on adaptation of a procedure used …

Persistent link: https://www.econbiz.de/10005036300

Analyses of Partial Decision Models for IPO Realization

Meluzín, Tomáš; Zinecker, Marek - In: Ekonomika a managment 2009 (2009) 2

The theory of corporate finance considers taking decisions on implementation of IPOs as one of the most significant decision-making issues in the company's lifecycle. At the moment, there are a number of partial decision models whose authors define the criteria that are considered to be crucial...

Persistent link: https://www.econbiz.de/10009398898

Nothing Is Sacred: Economic Ideas for the New Millenium (R. J. Barro)

Bulíø, Aleš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 1-2, pp. 72-74

Persistent link: https://www.econbiz.de/10008549802

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