ANALÝZA ŘÍZENÍ RIZIK SEKTORU STAVEBNÍCH SPOŘITELEN V ČESKÉ REPUBLICE

• Authors: Horváth Roman , Petr Teplý

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.

Keywords

EN

LIQUIDITY RISK; BUILDING SOCIETIES; CREDIT RISK; MONETARY POLICY; BANK MARKET; CZECH REPUBLIC

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2013
• Volume: 61
• Issue: 1
• Pages: 24 – 46

Contributors

author

Horváth Roman

• Univerzita Karlova v Praze, Fakulta sociálních věd, Institut ekonomických studií, Opletalova 26, 110 00 Praha 1, Czech Republic

author

Petr Teplý