monetary announcements. Volatility of the returns is accounted for at the beginning and end of the trading session and it …

Estimation of volatility of financial time series plays a crucial role in pricing derivatives. Volatility is often … estimated from historical data; however, it is well known that volatility varies in time. We propose a method to choose a … suitable length of historical data to estimate contemporary volatility. The method is based on adaptation of a procedure used …

The paper analyzes the relationship between interest rate transmission mechanism and bank's management of interest rate … supports hypothesis of consistency between Czech National Bank monetary policy and its expected outcomes by banks. …

during 1918?1938. The state intervened in bank sanitation twice during economic recessions in the early 1920s and 1930s. The … the internal organization of banks, compelled personal responsibility on the part of bank management, protected creditors …

reserves (usually rises before crisis, because of central bank's defense against appreciation pressures caused by capital …