We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...

The article analyzes and summarizes several considerations the impact the introduction of the euro had on derivatives exchanges in Europe. It further outlines perspectives of potential developments. The author has divided the analysis into three parts according to the main types of...

The article discusses several factors that should be addressed when analysing linear dependences and testing the Efficient Market Hypothesis on the Czech capital market in order to avoid possible interpretation biases. The conclusions are based on the empirical analysis of the stock return...

This study tests the hypothesis of the weak form of capital market efficiency in the Czech Republic. Select statistical-econometric methods were applied to time series of daily, weekly and two-week stock and indices returns over 1995 - 2001. Results from Serial Correlation, Box-Pierce, and...