This paper analyzes the changes that financial crises cause in the relationship between bank market share, efficiency and profitability, as well as in the relationship between market concentration and risk. The empirical analysis was performed on a sample of 15,399 banks from major OECD...

In this paper, we describe sourcing patterns of FDI activity and test empirically whether their impact on the host economy is such as predicted by theoretical models. In the analysis, we focus on inter-industry interactions between a multinational enterprise (MNE) which enters the domestic...

In view of the increasing importance of private research in the Czech economy and elsewhere in Europe, this paper attempts to quantify the effect of private R&D on economic growth by applying a Computable General Equilibrium (CGE) model which incorporates the effects of capital varieties...

Frequent revisions to GDP and its components cause policymakers to face considerable uncertainty about the current state of the economy. In this paper, we provide stylized facts about the magnitude of revisions to the Czech national accounts. Using data over the 2003–2012 period, we find that...

In this paper we focus on practical aspects of the new framework for banking regulation in the European Union as defined in Basel III and Capital Requirements Directive IV. We employ a simultaneous equations model where banks choose the optimal level of capital, which is seen as a call option....

Rapid population aging driven by low fertility and increasing longevity requires further adjustments of the traditional pension frameworks in Central and Eastern Europe (CEE). In this article we analyze the pension systems of the Czech Republic, Hungary, Poland, Slovakia, and Slovenia and show...

There is an inherent problem with comparing and ranking competing Value at Risk (VaR) and Expected shortfall (ES) models since we are measuring only a single realization of the underlying data generation process. The question is whether there is any significant statistical difference in the...

Along with state shareholding and government administration, the third source of political control of Chinese listed firms is the Chinese Communist Party (CCP). Using a unique hand-collected dataset that includes party secretary information for listed firms between 2000 and 2004, we examine the...

This paper sets out to discuss the extent of procyclicality in European banks’ lending behavior and how much the regulatory and accounting framework may contribute to it. The main focus is the behavior of banks regarding provisioning against impaired financial assets. It also discusses whether...

The introduction to the no. 1/13 of the journal FaÚ-CJEF, focused on the single topic „Financial Linkages and Financial Stability”.