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The Nobel Prize Laureates, 2003
Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 7-8, pp. 355-356
The article summarizes the main points discussed at the seminar on The Nobel Prize Laureates, 2003, held by the Czech Economic Association in March 2004. The seminar featured two main speakers: Josef Arlt (University of Economics, Prague, and Charles University, Prague), who lectured on the work...
Persistent link: https://www.econbiz.de/10008495635
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The model of unobservable components and its use for identification of time series common trends
Arlt, Josef; Pokorný, Petr - In: Politická ekonomie 2006 (2006) 1, pp. 48-55
gap transformations of real M2 and real GDP series can be used for identification of inflation risks. The relatively high … correlation was found between gap form of M2 and rate of inflation. The relationship between gap form of GDP and rate of inflation …
Persistent link: https://www.econbiz.de/10005036580
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Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)
Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …
Persistent link: https://www.econbiz.de/10005036707
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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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When to Join the Eurozone: An Empirical Analysis
Barrel, Ray; Holland, Dawn; Šmídková, Kateøina - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 3-4, pp. 98-112
The paper is the first part of a broader empirical study that considers the entry timing of accession economies into the eurozone and their exchange-rate regimes between the EU entry and prior to the eurozone entry. The presented empirical analysis is based on model simulations and on the...
Persistent link: https://www.econbiz.de/10008549713
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Which Exchange-Rate Regime in the EMU Accession Period: An Empirical Analysis
Barrel, Ray; Holland, Dawn; Šmídková, Kateøina - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 5-6, pp. 243-260
model simulation that benefits from a consistent macro framework and estimated model equations. Five accession countries …
Persistent link: https://www.econbiz.de/10008549842
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The Applied Econometrics: Theory and Praxis (Roman Hušek and Jan Pelikán) (in Czech)
Kodera, Jan - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 3-4, pp. 171-173
Persistent link: https://www.econbiz.de/10008549904
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New methodological approaches to the construction of currency crashes models
Pazour, Michal - In: Politická ekonomie 2004 (2004) 3, pp. 375-388
The large financial crises in the last decade have increased the interest of many economists in searching for some indicators, which can predict speculative attacks on currencies. Most of these studies concern on emerging economies, because they are more vulnerable to such speculative attacks....
Persistent link: https://www.econbiz.de/10005036573
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Stock market crashes modeling: stochastic cusp catastrophe application
Vošvrda, Miloslav; Baruník, Jozef - In: Politická ekonomie 2008 (2008) 6, pp. 759-771
We show that the cusp catastrophe model explains the crash of stock exchanges much better than other models. On the data of U.S. stock markets we demonstrate that the crash of 1987 may be better explained by cusp catastrophe theory, which is not true for the crash of 2001. With the help of...
Persistent link: https://www.econbiz.de/10008754953
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Vulnerabilities in an economy to extensive pressures on the exchange rate
Pazou, Michal - In: Politická ekonomie 2008 (2008) 5, pp. 598-620
The article aims at introducing new methodology for recognizing suitable indicators to monitor the potential risk of extensive pressure on the exchange rate (early warning indicators) and for identifying vulnerabilities in an economy to this pressure reflected by simultaneous negative...
Persistent link: https://www.econbiz.de/10008754968