The article describes the importance and reasons of tax measures taken to fight the crisis. At the beginning it is the comparison of tax policy measures in the context of other measures. Attention is paid to the comparison of fiscal measures in the OECD. Next are presented the basic types of tax...

This paper describes the situation in which can be currently found developers on the Czech real estate market. The article focuses on analysis of four fundamental phenomena that simultaneously take place. Meaning impacts of the sub-prime mortgage crisis that started in United States of America,...

The submitted article deals with the International Monetary Fund as one of the most important multinational institutions, the priority aim of which was to contribute to the achievement of international monetary stability. Since its inception, the distribution of power and economic power has...

The paper deals with problems related to valuation of equity capital markets using a well known FED model. Although the model has a relatively good explanatory power on historical data starting from 1979 to 2002, the recent development during the last financial crisis which started in 2007 and...

Financial crisis has shown significant gaps in risk management system in financial institutions. The major critics focused on an inappropriate usage of the innovative financial products with not adequate reflection of capital requirements for their market risks, not adequate valuations of those...

Study analyzes behavior of payment instruments users in the case of crises on the Czech Republic data. Based on the decomposition of cash demand for transactions and hoarding demand used with the help of available data and selected indicators (nominal value decomposition, banknotes in...

This article is dealt about present financial crisis as a result of previous credit expansion through public finance, consumer or mortgage credits above the frame tolerable of market principles. Debt problem vas mask with financial instrument innovations namely structured bonds in securing form....

It has been widely accepted that philosophers of science wrote a “swansong” for positivism during the second half of the 20th century. Milton Friedman and Paul Samuelson, major contributors in the fi eld of economic methodology at the time, the argument goes, never refl ected the demise....

In this paper, we employ the high-frequency data from Prague Stock Exchange (PSE) and New York Stock Exchange (NYSE) to analyse the variation in extreme price movements and market volatility around the period of fall of Lehman Brothers. The sample ranges from January 2008 to July 2009. We employ...

According to quite a number of scholars, even non-Austrian, some theories of Austrian school of economic thought do provide an increasingly relevant material to explain recent boom-and-bust economic cycles as well as financial crises. However, I argue, this development is not adequately...