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MEZIREGIONÁLNÍ MIGRACE OBYVATELSTVA V ČESKÉ REPUBLICE: ROLE LIKVIDITNÍCH OMEZENÍ

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Horváth R.

Ekonomický časopis (Journal of Economics)

2007

vol. 55

issue 8

731-746

In this paper we estimate the determinants of inter-regional migration of Czech population in the years 1992-2001. Despite the increasing disparities among the regions, we find that the migration rate remains at the relatively low levels and economic variables such as unemployment or wages matter only to a certain extent. The results indicate that the liquidity constraints play a role and therefore, the migration rates are higher only among the richer regions.

ANALÝZA ŘÍZENÍ RIZIK SEKTORU STAVEBNÍCH SPOŘITELEN V ČESKÉ REPUBLICE

63%

Horváth R., Teplý P.

Ekonomický časopis (Journal of Economics)

2013

vol. 61

issue 1

24 – 46

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.

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2 Ekonomický časopis (Journal of Economics)

2 Horváth R.

1 Teplý P.

1 2013

1 2007

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MEZIREGIONÁLNÍ MIGRACE OBYVATELSTVA V ČESKÉ REPUBLICE: ROLE LIKVIDITNÍCH OMEZENÍ

ANALÝZA ŘÍZENÍ RIZIK SEKTORU STAVEBNÍCH SPOŘITELEN V ČESKÉ REPUBLICE