PL EN


2013 | 61 | 1 | 24 – 46
Article title

ANALÝZA ŘÍZENÍ RIZIK SEKTORU STAVEBNÍCH SPOŘITELEN V ČESKÉ REPUBLICE

Content
Title variants
EN
Risk management of building societies in the Czech Republic
Languages of publication
CS
Abstracts
EN
The article investigates risks of building societies in the Czech Republic, both theoretically and practically, focusing on the liquidity and interest rate risk. We show that these two risks are more theoretical and are not threatening the sector in an extensive manner recently. Nevertheless, the stability of this sector can be undermined by hasty government reforms. In addition, we use the vector auto regression model to examine the interest rate pass-through into bank and building society interest rates in 2004 – 2011. The results indicate that the building society interest rates are more stable and less responsive to interbank market rates as well as to government bond yields. This conclusion follows from the institutional setting of building societies.
Contributors
  • Univerzita Karlova v Praze, Fakulta sociálních věd, Institut ekonomických studií, Opletalova 26, 110 00 Praha 1, Czech Republic, horvath@fsv.cuni.cz
author
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-9eba3fe3-03d4-4f59-8ae0-d70297e918d6
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.