The relatively long term period of stability before the present crises called even "Great Moderation" or "Golden Age of Central Banking" indicated that the infl ation targeting was a success story. As of 2008 a lot has changed and the debate over "Leaning against the wind or Clean afterwards?"...

Czech Abstract: Navzdory všeobecnému přesvědčení, že vztah mezi státem a ekonomikou se začal podstatně měnit během Velké deprese ve 30. letech 20. století, můžeme vysledovat podstatné změny již o mnoho desítek let dříve. Jedním z příkladů je období tzv. bankovnictví...

The article summaries the main points discussed at the seminar on ?Banking System Stability?, organized by the Czech Economic Association in May 2003. There were three speakers at the seminar. The first was Martin Èihák (International Monetary Found), who presented the problem of...

Building upon exhaustive research of extant and often fragmentary contemporary resources, this paper provides a thorough analysis of financial options trading and sales in interwar Czechoslovakia. Whilst focusing primarily on a remarkable bucketshop episode occuring in the late twenties and...

The article deals with a numerical comparison of impacts of financial crises on the stock market over the last one hundred years. The goal of the analysis is to investigate, according to certain criteria, whether the current crisis on the stock market is more serious than the previous ones.