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Defection of Traditional Standard Deviation Scaling of Capital Asset Returns

Gazda, Vladimír; Koøený, Karel; Výrost, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 7-8, pp. 325-334

In this paper, we investigate the adequacy of scaling, a method frequently used in estimation of standard deviation of stock returns. Scaling is based on the assumption that standard deviation is proportional to the square root of the length of the time interval of the sample (for example daily,...

Persistent link: https://www.econbiz.de/10008549843

Využívanie úveru a úroku pri intenzifikácii ekonomiky

Režucha, Erich; Thomas, Gustáv - 1987

Persistent link: https://www.econbiz.de/10000769919

Nová podoba globálneho finančného systému

Cmorej, Peter - 2010

Persistent link: https://www.econbiz.de/10009158363

La economía de los países del centro de Europa, España y América Latina

Uribe Raya, Balbino - 1998 - Vyd. 1

Persistent link: https://www.econbiz.de/10001387157

Determinants of Long-term Interest Rates in the Czech Republic

Holinka, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 55 (2005) 7-8, pp. 363-379

falling inflation expectations and inflation premiums. The decrease of CZK/EUR long-term rate differentials from 4 % to 0 … % can approximately be explained by the one-third decrease of inflation expectations in the Czech Republic and by the 50 …% decrease of the relative inflation premium. In the long term, the effect of Czech National Bank monetary policy is dwindling …

Persistent link: https://www.econbiz.de/10005808632

FOREX - historický vývoj, súčasný stav a perspektívy vývoja najväčšieho finančného trhu súčasnosti

Portašík, Jozef - In: Medzinarodne vztahy (Journal of International Relations) 9 (2011) 1, pp. 199-211

Forex je najväčším trhom súčasnosti. V nasledovnom článku sa v skrátenej forme zaoberám históriou vývoja mien, začiatkami výmeny jednotlivých platidiel medzi sebou a ich väzbou na drahé kovy. Cieľom článku je analýza súčasného obchodovania so zahraničnými menami a...

Persistent link: https://www.econbiz.de/10009395263

Stock Market Integration: DCC MV-GARCH Model

Baumöhl, Eduard; Farkašovská, Mária; Výrost, Tomáš - In: Politická ekonomie 2010 (2010) 4, pp. 488-503

In this paper we analyze the dynamic conditional correlations between CEE stock markets (also known as countries from Vysehrad Group - V4) and developed European stock markets, with German DAX utilized as a benchmark. Our methodology is based on the DCC MV-GARCH approach. It is shown that the...

Persistent link: https://www.econbiz.de/10008564639

Obchodovanie na svetových menových trhoch Forex - trading a jeho základné piliere

Portašík, Jozef - In: Almanach (Actual Issues in World Economics and Politics) 4 (2009) 1, pp. 166-176

Tento článok sa venuje obchodovaniu na svetových menových trhoch Forex, ktorý sa nazýva trading. Venuje sa taktiež aj jeho základným pilierom, ktoré sú nepostrádateľnou súčasťou obchodovania každého úspešného obchodníka - tradera. Jedná sa o objasnenie pohľadu na trading...

Persistent link: https://www.econbiz.de/10008682038

The Czech Equity Market - Its Effectiveness and Macroeconomic Consequences

Horská, Helena - In: Czech Journal of Economics and Finance (Finance a uver) 55 (2005) 5-6, pp. 283-301

This paper examines features of the Czech stock market’s development from 1997 to 2003 and attempts to unveil the macroeconomic consequences of stock-price development. The analysis of the stock market’s behavior supports a cautionary stance on the hypothesis of the efficient-market theory,...

Persistent link: https://www.econbiz.de/10005808639

Modelling the Dynamics of Cross-Sectional Price Functions: an Econometric Analysis of the Bid and Ask Curves of an Automated Exchange

Bowsher, Clive G. - Economics Group, Nuffield College, University of Oxford - 2004

Functional Signal plus Noise (FSN) time series models are introduced for the econometric analysis of the dynamics of a large cross-section of prices in which contemporaneous observations are functionally related. A semiparametric FSN model is developed in which a smooth, cubic spline signal...

Persistent link: https://www.econbiz.de/10005687558