The paper deals with a wide-spread myth that a switch from a PAYG to a funded pension system might solve adverse consequences of the population aging. It is shown, that under additional assumptions the pension debt (which is created during the process of the switch) is exactly equal to the value...

This essay focuses on the pension system and highlights some of its key elements. The first part deals with the economic principles connected with the social security system. Eatwell's model is utilized to give some basic intuition of terms and concepts used in the pension reform discussion. The...

The present article is focused on analysis of US and Japan government bonds´ market and revealing possible price bubbles while considering the effect of Quantitative Easing and other chosen macroeconomic factors. The aim is set if on these selected market exists price bubble or we can speak...

The focus of this article is the relationship between selected oil company's stock price and oil price and the dependence of these companies stock price on oil price in the period from year 2000 to 2010. The aim of this paper is pursuant to partial empirical analysis evaluate the dependence of...

Article is concerned with the position of the ÚpKHS (Office for Economic Competition), which is the central administrative body for support and protection of trade competition against non-permissible limitation. An effective competition is a decisive factor for increasing competitive strength...

The key question of the presented thesis is what precisely economic nationalism means. The author uses the situation in Czechoslovakia between the two world wars as a background of her examination of both its dimensions, economic and nationalistic. She points out several problems arising from...

The article surveys the establishment of a legislative framework providing for banking regulation in Czechoslovakia during 1918?1938. The state intervened in bank sanitation twice during economic recessions in the early 1920s and 1930s. The shocks resulted in the adoption of banking laws to...

Èeská spoleènost ekonomická ve spolupráci s Èeskou národní bankou uspoøádala v kvìtnu 2001 v Praze semináø nazvaný ?Moral Hazard and Orderly Bank Exit?, na nìmž vystoupil David Mayes, profesor ekonomie na South Bank University v Londýnì a poradce bankovní rady Bank of Finland....

Czech Abstract: Požadavek proporcionality se jako právní zásada rozšířil do významné části světa, a to především po druhé světové válce. Z evropského pohledu přitom bylo klíčové jeho uznání Soudním dvorem Evropské unie a Evropským soudem pro lidská práva. Tento...

The article summarizes recognized empirical knowledge about the causes of currency crises, making use of several extensive empirical studies carried out in the late 1990s, and examines select theoretical models of such causation. The results are divided into three levels of causes: general risk...