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Government Support of the Czech Export Credit
Janda, Karel - In: Český finanční a účetní časopis 2008 (2008) 1, pp. 62-75
The article is dealing with the description of the Czech institutions engaged in the export credit risk mitigation. The analyzed institutions are Export Guarantee and Insurance Corporation and Czech Export Bank. The activities of these institutions described in this article are placed in the...
Persistent link: https://www.econbiz.de/10011194951
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Credit Guarantees and Subsidies when Lender has a Market Power
Janda, Karel - Institut ekonomických studií, Univerzita Karlova v Praze - 2011
Provision of credit guarantees or subsidies may remove an adverse selection leading to credit rationing. This paper … concentrates on comparison of government budget costs of credit guarantees and subsidies in a monopolistic credit market. Di … costs of high-risk entrepreneurs, the budget-cost minimizing government should prefer guarantees over interest rate …
Persistent link: https://www.econbiz.de/10009150067
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Which government interventions are good in alleviating credit market failures?
Janda, Karel - 2008
be eliminated by a government support in the form of credit guarantees or subsidies. The principal-agent model of this … interest rate is not a sufficiently robust policy instrument. Lump-sum guarantees and interest rate subsidies are evaluated as …
Persistent link: https://www.econbiz.de/10010322247
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Credit guarantees and subsidies when lender has a market power
Janda, Karel - 2011
Provision of credit guarantees or subsidies may remove an adverse selection leading to credit rationing. This paper … concentrates on comparison of government budget costs of credit guarantees and subsidies in a monopolistic credit market. Different … costs of high-risk entrepreneurs, the budget-cost minimizing government should prefer guarantees over interest rate …
Persistent link: https://www.econbiz.de/10010322248
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The Origins of Czech Credit Guarantees Programs and the Value of Guarantee Fund Portfolio on Czech Stock Exchanges
Janda, Karel - Volkswirtschaftliche Fakultät, … - 2009
provide a brief overview of different credit support institutions, we concentrate on credit guarantees in Czech agriculture …
Persistent link: https://www.econbiz.de/10008550046
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Which Government Interventions Are Good in Alleviating Credit Market Failures?
Janda, Karel - Institut ekonomických studií, Univerzita Karlova v Praze - 2008
be eliminated by a government support in the form of credit guarantees or subsidies. The principal-agent model of this … interest rate is not a sufficiently robust policy instrument. Lump-sum guarantees and interest rate subsidies are evaluated as …
Persistent link: https://www.econbiz.de/10005067753
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Credit support to investment in the Czech republic
Janda, Karel - In: Acta Oeconomica Pragensia 2009 (2009) 2, pp. 3-20
The paper concentrates on the description of the Czech institutions which provide credit support to small and medium-sized entrepreneurs, farmers and exporters. The paper analyses the operations of the Czech-Moravian Guarantee and Development Bank and the Support and Guarantee Agricultural and...
Persistent link: https://www.econbiz.de/10005079047
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The Comparative Statics of the Effects of Credit Guarantees and Subsidies in the Competitive Lending Market
Janda, Karel - Institut ekonomických studií, Univerzita Karlova v Praze - 2005
We compare the effects of government credit subsidies and guarantees on decreasing inefficiencies caused by principal …-agent problems in the credit market in transition and posttransition economies. We show that the guarantees and subsidies targeted to … and post-transition economies. The uniform non-targeted guarantees decrease the credit rationing or dead-weight loss …
Persistent link: https://www.econbiz.de/10005698662
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The Quantitative and Qualitative Analysis of the Budget Cost of the Czech Supporting and Guarantee Agricultural and Forestry Fund
Janda, Karel - Institut ekonomických studií, Univerzita Karlova v Praze - 2005
The paper analyzes the government budget cost of credit guarantees and subsidies. The analysis is done both in a … expected costs of credit guarantees and subsidies provided by the SGAFF. The qualitative theoretical model is dealing with … non-targeted supports the budget cost minimizing government unambiguously prefers lump-sum guarantees to interest rate …
Persistent link: https://www.econbiz.de/10005698677
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The Roles of Commercial Credit and Direct Subsidies in Czech Agriculture During Early Transition
Janda, Karel - Volkswirtschaftliche Fakultät, … - 2009
This paper provides an econometric estimation of the influence of individual social-economic, natural, and technological determinants of the credit provision for the agriculture in the case of the Czech Republic. The regression model is based on the microeconomic model of the maximization of the...
Persistent link: https://www.econbiz.de/10005105928