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Regulation of the Banking Sector From the Economic Theory´s Point of View
Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2011 (2011) 1, pp. 58-81
The authors of the paper discuss reasons as well as current stage of the regulation of the financial (mostly banking …) sector. They are not in favor of strict rejection of the regulation, but they are not in favor of strong regulation of the … regulation is appropriate in the financial market. The authors offer some economic ideas that can be useful for preparing and …
Persistent link: https://www.econbiz.de/10008876463
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A convergence-sensitive optimum-currency-area index
Skořepa, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2011
A number of authors have used the concept of an optimum currency area (or OCA) index to assess the relative proximity of various pairs of economies to the ideal of an optimum currency area. Alas, a significant deficiency of this approach as used so far is that it provides no room for long-term...
Persistent link: https://www.econbiz.de/10009210902
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Learning Process and Transparency of Central Bank
Holinka, Tomáš - In: Politická ekonomie 2010 (2010) 4, pp. 458-470
Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private agents are learning new information and adjust their expectation about the inflation and output gap. Central bank transparency is one of the key factors of learning by private...
Persistent link: https://www.econbiz.de/10008564640
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Rizika a výzvy měnové strategie k převzetí eura / Risks and Challenges of Monetary Strategy for Euro Adoption [available in Czech only]
Dědek, Oldřich - Institut ekonomických studií, Univerzita Karlova v Praze - 2005
The paper evaluates some policy dilemmas the Czech monetary policy will face on the way towards adopting common currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing that alleged negative influences on the catching-up...
Persistent link: https://www.econbiz.de/10005808673
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A Long-Term Real Appreciation as the Phenomenon of Economic Convergence
Komárek, Luboš; Koprnická, Kamila; Král, Petr - In: Politická ekonomie 2010 (2010) 1, pp. 70-91
The paper discusses the phenomenon of long-term real equilibrium appreciation of the koruna in the context of economic, i.e. nominal and real convergence. The real appreciation can take place either through a nominal exchange rate channel or through inflation differential channel vis-á-vis the...
Persistent link: https://www.econbiz.de/10008509956
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Detection of Bank Failures in Transition Economies: The Case of the Czech Republic
Hanousek, Jan; Podpiera, Jiri - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 5, pp. 264-278
This paper studies bank-failure models in the context of transition economies. In order to capture the default risk of banks, data on the structure of retail deposit rates is used to improve the prognostic quality of bank-failure prediction. The Czech bank crisis of 1994?1996, during which 14...
Persistent link: https://www.econbiz.de/10008540711
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Seignorage and Central Bank Finance
Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 1, pp. 9-32
The author of this paper criticizes the broad, cash-flow based concepts of seignorage that were introduced and emphasized by the economic literature of the 1990s (i.e., fiscal seignorage, total seignorage, etc.), which the author argues are ill justified and confusing. On the other hand, the two...
Persistent link: https://www.econbiz.de/10008549697
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Exchange Rate Convergence and Entry to the Eurozone (II): A Comparison of Experiences from Member States of the European Union
Èech, Zdenìk; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 10, pp. 522-538
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...
Persistent link: https://www.econbiz.de/10008549714
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Price Convergence toward the EU: A Few Open Issues
Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 349-362
This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First, what, from the theoretical viewpoint, should the...
Persistent link: https://www.econbiz.de/10008549821
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Exchange Rate Convergence and Entry to the Eurozone (II) A Comparison of Experiences from Member Stes of the European Union
Èech, Zdenìk; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 10, pp. 522-538
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...
Persistent link: https://www.econbiz.de/10008549881