Showing 291 - 300 of 430
Persistent link: https://www.econbiz.de/10010593774
Persistent link: https://www.econbiz.de/10010593775
Persistent link: https://www.econbiz.de/10010593776
This paper strives to enlarge the traditional form of money demand for closed economy with some additional foreign or international determinants. These are, according to presented theory of currency substitution, nominal exchange rate CZK/DEM (or CZK/USD) and yield of foreign assets (3M LIBOR on...
Persistent link: https://www.econbiz.de/10010593777
Persistent link: https://www.econbiz.de/10010593778
We describe the Czech koruna option market and explore the behaviour of option prices during three eventful periods of the history of the Czech koruna. We point out their forward-looking nature and also show how implied risk neutral distribution might be used for monitoring and interpretation of...
Persistent link: https://www.econbiz.de/10010593779
Persistent link: https://www.econbiz.de/10010593780
This paper reviews the guidelines of "The New Basle Capital Accord" (NBCA) and four internal models of credit risk assessment. We treat them from the point of view of their underlying concepts, the institutional pre-conditions of their implementation and data requirements. We specially focus on...
Persistent link: https://www.econbiz.de/10010593781
We examine whether and how selected central banks responded to episodes of financial stress over the last three decades. We employ a new monetary-policy rule estimation methodology which allows for time-varying response coefficients and corrects for endogeneity. This flexible framework applied...
Persistent link: https://www.econbiz.de/10009221547
Persistent link: https://www.econbiz.de/10010548301