The article provides a basic description and taxonomy of sovereign wealth funds, rapidly gaining importance in the international monetary and financial systems. SFWs are pools of assets owned and managed directly or indirectly by governments to achieve specific objectives. Tentative estimates of...

The article presents initial empirical findings about corporate reorganizations ordered in 2010 (with cut-off date as of March 2011), the third year after the coming into force of the new Czech Insolvency Act. These findings are compared to similar findings made in relation to the period...

During the last few years the Czech Republic has witnessed a great boom in the area of a problematic and irrecoverable credit settlement. Late and substandard payments have become rather a tradition in the Czech way of doing business. Consequently the solution by selling receivables to the third...

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...

Autoøi se ve svém èlánku pokoušejí odpovìdìt na otázku, zda proces eliminace neperspektivních firem napomohl oživení èeské ekonomiky na konci 90. let. Pro rok 1999 prokázali vysokou míru podobnosti provozních výsledkù (produktivita práce, pøidaná hodnota na zamìstnance,...

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....