Showing 1 - 10 of 225
Persistent link: https://www.econbiz.de/10001683457
The paper emphasizes how changes in credit conditions in the Czech Republic are likely to influence aggregate consumption. Aggregate consumption plays an important role in macroeconomic fluctuations and in the transmission mechanism. Czech household debt has increased in the past five years. The...
Persistent link: https://www.econbiz.de/10008549889
This paper uses a specific experiment — „voucher privatization“ in the former Czechoslovakia — to test the permanent income hypothesis of consumer behavior. Voucher privatization (the mass privatization of state-owned assets through publicly offered vouchers) led to an unexpected...
Persistent link: https://www.econbiz.de/10008549927
The study is focused on macroeconomic stability of the Czech economy. The first part (methodological) stems from the system of national accounting which offers two approaches: from the point of view of relationship between domestic supply and demand and between savings and investments....
Persistent link: https://www.econbiz.de/10005036641
vary. The paper contributes to this economic theory by the empirical analysis carried out with a large sample of countries … fundamental equilibrium exchange rate theory. …
Persistent link: https://www.econbiz.de/10005036654
well-researched schism between strategic management and financial theory. Options theory provides a potent tool to resolve …
Persistent link: https://www.econbiz.de/10005258060
Energy, or renewable energy sources, is currently a frequently discussed topic. This paper focuses mainly on the economics of photovoltaic energy, specifically valuation of this technology. First, photovoltaic power systems are described, followed by a description of the method of analysis of...
Persistent link: https://www.econbiz.de/10009294291
This paper considers various options replication methods. Firstly, a specific type of barrier option, an up-and-out call, is considered. Other barrier options are briefly also described, and various types of barriers are considered. Secondly, a general definition of replication methods is...
Persistent link: https://www.econbiz.de/10008549672
Hedging strategies represent basic instrument used toward eliminating financial risk. Increasing volatility of … select hedging strategies. Five basic hedging strategies ? delta hedging, minimum variance, minimum value at risk, maximum … portfolios consisting of risk assets (share, bond, commodity price, and exchange rate) and hedged assets (financial derivative …
Persistent link: https://www.econbiz.de/10008495620
Persistent link: https://www.econbiz.de/10003986894