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The Economic Crisis and the Development of Tourism in the Czech Republic

Smrčka, Luboš; Arltová, Markéta; Schönfeld, Jaroslav - In: Acta Oeconomica Pragensia 2011 (2011) 5, pp. 17-33

While the significance of tourism for the Czech Republic's economy is relatively high, it is far from being the dominant industry. Despite the recent substantial investments in this particular field of economic activity, the share of tourism in the gross value added has been steadily declining,...

Persistent link: https://www.econbiz.de/10009371710

Examination of Portfolio Currency Risk Estimation by Means of Lévy Models

Tichý, Tomáš - In: Politická ekonomie 2010 (2010) 4, pp. 504-521

Financial risk modeling, measuring, and managing are an inherent part of management in financial institutions. It is … also an important step within the setting of optimal level of capital eligible to cover risk exposures. A significant … portion of capital is usually assigned to cover the risk of unexpected changes in FX rates. FX rates (the returns) commonly …

Persistent link: https://www.econbiz.de/10008564635

Èeská ekonomika v makroekonomických modelech

Frait, Jan; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 4, pp. 190-196

The introduction to Volume 52, Number 4 (and 5) of Finance a uver’s selected topic: macroeconomic modelling in the Czech Republic. The authors introduce the issue with a survey of macroeconomic modelling in Czech economic literature. The journal’s articles are mostly devoted to the results...

Persistent link: https://www.econbiz.de/10008495718

K pøíèinám mìnových krizí - empirie a teorie

Helísek, Mojmír - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 9, pp. 458-477

are divided into three levels of causes: general risk conditions, fundamental causes, and immediate triggers. There are …

Persistent link: https://www.econbiz.de/10008549678

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

On the Way to European Union: Nominal and Real Convergence in Transition Countries

Frait, Jan; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 330-347

The paper provides an introduction to essays published in this volume, which focus on nominal and real convergence in transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via developments in real exchange rates. Key issues...

Persistent link: https://www.econbiz.de/10008549861

Market liquidity risk and its incorporation into value at risk

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

the total risk. This paper focuses on the importance of market liquidity and describes ways to integrate it into the VaR …Over the past few years, the Value at Risk indicator (VaR) has evolved, without doubt, into the most frequently used …, they focus only on pure market risks without taking into account the market liquidity. As a consequence, they underestimate …

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

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

Possibilities of Financial Crises Forecasting with Latent Semantic Indexing

Hájek, Petr; Střižík, Michal; Praks, Pavel; … - In: Politická ekonomie 2009 (2009) 6, pp. 754-768

Our study contains application of Latent Semantic Indexing on financial crises prediction. Hypothesis to test was that equity markets are able to predict even sharp changes in monetary policy during a quarter ahead of such a change (which was searched during two quarters that followed). This...

Persistent link: https://www.econbiz.de/10008545891

Seignorage and Central Bank Finance

Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 1, pp. 9-32

existence of a risk premium on foreign exchange markets) and by the government's banking-sector bailouts. …

Persistent link: https://www.econbiz.de/10008549697