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The risk of currency crisis in the period of participating in exchange rate mechanism ERM II

Helísek, Mojmír - In: Politická ekonomie 2008 (2008) 3, pp. 380-403

In the course of exchange rate development history of the countries taking part and evaluated in ERM or ERM II before they entered the euro-area there was no depreciating evolution with a trend to currency crisis at all. Fundamental indicators of these economies, partly owing to the compliance...

Persistent link: https://www.econbiz.de/10008754971

From PPP to Natrex - the Case of Czech Crown

Škop, Jiří; Vejmělek, Jan - In: Politická ekonomie 2009 (2009) 3, pp. 323-343

The exchange rate cannot significantly diverge from a (real) long-term equilibrium level consistent with the macroeconomic picture of an economy for a long period of time; otherwise, the economy suffers from macroeconomic imbalances such as below-potential growth and below natural employment, or...

Persistent link: https://www.econbiz.de/10005103172

Detection of Bank Failures in Transition Economies: The Case of the Czech Republic

Hanousek, Jan; Podpiera, Jiri - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 5, pp. 264-278

This paper studies bank-failure models in the context of transition economies. In order to capture the default risk of … banks, data on the structure of retail deposit rates is used to improve the prognostic quality of bank-failure prediction …. The Czech bank crisis of 1994?1996, during which 14 banks failed, is used to verify the suggested approach. It is shown …

Persistent link: https://www.econbiz.de/10008540711

Monetary Policy: Old Lessons and New Challenges

Zamrazilová, Eva - In: Politická ekonomie 2011 (2011) 1, pp. 3-21

The relatively long term period of stability before the present crises called even "Great Moderation" or "Golden Age of Central Banking" indicated that the infl ation targeting was a success story. As of 2008 a lot has changed and the debate over "Leaning against the wind or Clean afterwards?"...

Persistent link: https://www.econbiz.de/10008876466