The article summarizes the main points discussed at the seminar on The Nobel Memorial Prize Laureates 2002, held by the Czech Economic Association (CEA) in March 2002. There were two main speakers at the seminar: The first was Michal Skoøepa (Czech National Bank and Charles University), who...

This paper addresses the issue of project standby capacity optimization for capital budgeting. A detailed analysis and case study show that this is a particular real-option based situation, which solicits the use of statistical simulation. The method can be recommended as a useful heuristic for...

The paper deals with yield curve construction methods using coupon bonds in Czech bond market. Generally, there are more possibilities how to approach this problem: bootstraping, splines, parametric functions. Due to the lack of tradable public bonds and due to the fact that existing bonds do...

Tato studie se zabývá otázkou, zda nekoordinovaná opatření některých států měnící parametry národních systémů pojištění vkladů zavedená v polovině roku 2008 mohla vést k přesunu vkladů mezi členskými státy Evropské unie. Pozornost je věnována především...

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 year 2008 was probably the most difficult year for automotive industry since Second World War. Economical crisis, which started in United Stated, extended dramaticly and fast through financial sector and then found automotive industry as one of the biggest victim.Car industry is really...

The paper sums up various data from the Czech economy concerning the issue of the current so-called credit crisis, i.e. the situation when financial institutions are lending money to businesses only with a considerable amount of distrust and much more prudence than in the past. Based on specific...

This paper is focused on analyzing the impacts of the governmental initiatives as a response to the global economic crisis on the private sectors in different countries. Macroeconomic and microeconomic backgrounds of the crisis are discussed at the beginning in order to understand its roots and...

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?"...