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První teorie úvěru a její instituce : dobročinné úvěrové instituce v hospodářských dějinách západu

Müllner, Vojtěch; Svoboda, František - In: Politická ekonomie : teorie, modelování, aplikace 68 (2020) 2, pp. 213-236

Persistent link: https://www.econbiz.de/10012269344

Determinantes económicos de la decisión de emigrar

Arocha González, Manuel - In: Entelequia. Revista Interdisciplinar (2007) 4, pp. 71-78

The purchasing power's difference between currencies appears to trigger a person to make the decision of emigrating, but it does not look to be the only one. European Union enlargement, immigration policies, as well as different personal and/or psychological reasons, have modified migrations...

Persistent link: https://www.econbiz.de/10005430354

Dynamic model of uncovered interest rate parity (theory and empirical verification in the transitive economies)

Durčáková, Jaroslava; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2005 (2005) 3, pp. 291-304

The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic … relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of … uncovered interest rate parity is based on an ex ante view and that is the reason that the expected change in spot exchange rate …

Persistent link: https://www.econbiz.de/10005036609

Theory of money of Josef Macek and his monetary policy view

Sojka, Milan - In: Politická ekonomie 2006 (2006) 3

During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...

Persistent link: https://www.econbiz.de/10005036614

The stabilization mechanism of ultra short-term interest rates in the context of Czech national bank's repo tenders

Brůna, Karel - In: Politická ekonomie 2005 (2005) 4, pp. 459-476

overnight interest rates around their official policy rate. To ensure the functionality of the stabilization mechanism needs the … of overnight interest rates. In our theoretical explanation there is stressed the role of intertemporal substitution in … fluctuation of demand for reserves. In the empirical part there is analysed the behaviour of overnight interest rates in the Czech …

Persistent link: https://www.econbiz.de/10005036651

An analysis of PRIBOR interest rates sensitivity to changes in Czech national bank repo rate

Brůna, Karel; Brada, Jaroslav - In: Politická ekonomie 2004 (2004) 5, pp. 601-622

monetary concept is based on management of short-term interest rates in the context of relation between inflation prediction … targeting strategy - the causality and sensitivity between interest rates on Prague interbank market (PRIBOR) and Czech National …

Persistent link: https://www.econbiz.de/10005036676

The interest rate transmission mechanism and the management of interest margin in the context of Czech national bank disinflation policy

Brůna, Karel - In: Politická ekonomie 2007 (2007) 6, pp. 829-851

The paper analyzes the relationship between interest rate transmission mechanism and bank's management of interest rate … short-run and long-run equilibrium of client interest rates are discussed (market power, duration of credits and deposits … interest rates on market interest rates is tested. It is found out that in the short equilibrium client interest rates changes …

Persistent link: https://www.econbiz.de/10005036706

Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)

Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3

The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors...

Persistent link: https://www.econbiz.de/10005036707

Monetary policy and prediction of variability

Brůna, Karel - In: Politická ekonomie 2009 (2009) 3, pp. 361-382

This study presents an analysis of the sources of variability of interest rates in the money market in the context of … analysis documents non-stationary variability of ultra short-term PRIBOR interest rates and stability of longer maturity PRIBOR … interest rates. These results reflect the role of CNB in bank system liquidity management, the uncertainty about the timing of …

Persistent link: https://www.econbiz.de/10005103167

A Long-Term Real Appreciation as the Phenomenon of Economic Convergence

Komárek, Luboš; Koprnická, Kamila; Král, Petr - In: Politická ekonomie 2010 (2010) 1, pp. 70-91

The paper discusses the phenomenon of long-term real equilibrium appreciation of the koruna in the context of economic, i.e. nominal and real convergence. The real appreciation can take place either through a nominal exchange rate channel or through inflation differential channel vis-á-vis the...

Persistent link: https://www.econbiz.de/10008509956