Template-Type: ReDIF-Article 1.0
Author-Name: Karel Janda
Title: Credit support to investment in the Czech republic
Abstract: The paper concentrates on the description of the Czech institutions which provide credit support to small and medium-sized entrepreneurs, farmers and exporters. The paper analyses the operations of the Czech-Moravian Guarantee and Development Bank and the Support and Guarantee Agricultural and Forestry Fund. The activities of these institutions are covered in the general context of development and guarantee banking, and the European Union's Common Agricultural Policy. A separate section of the paper is devoted to the operational programs of the European Union.
Keywords: Credit, Government support, Subsidies, Guarantees
Classification-JEL: G18, G21, G22
Pages: 3-20
Volume: 2009
Issue: 2
Year: 2009
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=10.pdf
File-URL: http://www.vse.cz/aop/10
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:10:p:3-20
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/10

Template-Type: ReDIF-Article 1.0
Author-Name: Petr Strnad
Title: Market liquidity risk and its incorporation into value at risk
Abstract: Over the past few years, the Value at Risk indicator (VaR) has evolved, without doubt, into the most frequently used comprehensive tool for assessment of potential losses caused by adverse changes in market rates. However, the common models used for VaR assessment are based only on mid prices and do not take into account the existence of time-varying bid-ask spreads. In addition, they assume that any amount of instruments can be sold almost immediately without an adverse impact on prices. Thus, they focus only on pure market risks without taking into account the market liquidity. As a consequence, they underestimate the total risk. This paper focuses on the importance of market liquidity and describes ways to integrate it into the VaR calculation.
Keywords: Market liquidity, Liquidation strategy, Bid-ask spread, Market risk, Value at Risk
Classification-JEL: E44, G1, G21, G32
Pages: 21-37
Volume: 2009
Issue: 2
Year: 2009
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=11.pdf
File-URL: http://www.vse.cz/aop/11
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:11:p:21-37
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/11

Template-Type: ReDIF-Article 1.0
Author-Name: Zuzana Krátka
Title: The microeconomic and macroeconomic significance of reinsurance
Abstract: Amongst the most significant macroeconomic functions of reinsurance are the stabilizing, innovative and accumulative functions. The most important microeconomic functions of reinsurance are the protection of the cedent and the protection of the insureds. Reinsurance increases the insurance companies' capacity, diversifies their risk portfolios, allows for quantitative and qualitative broadening of the accepted risks' spectrum, strengthens their solvency and economic stability and enables them to gain necessary know-how. In the long run, reinsurance is a stabilizing factor for not only individual insurance subjects but the entire economy as well.
Keywords: microeconomic functions of reinsurance, macroeconomic functions of reinsurance, role of reinsurance in the economy
Classification-JEL: G22
Pages: 38-51
Volume: 2009
Issue: 2
Year: 2009
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=12.pdf
File-URL: http://www.vse.cz/aop/12
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:12:p:38-51
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/12

Template-Type: ReDIF-Article 1.0
Author-Name: Alena Králová
Title: Enhancement of the teachers work at the upper - secondary schools to speci
Abstract: In connection with the Czech Republic accession to the European Union there is an effort to enhance educational system so that students can compete not only in the Czech labour market but also in the markets of the other European Union member countries. At the secondary schools in economic education is necessary to provide some changes in structure of subjects, contents, structure and methods of teaching. The paper is devoted to the innovation of subject economics, which belongs between basic compulsory economic subjects and is taught at all secondary schools. It characterizes his history and some key changes which can be with creating school education programs expected. Article describes methods of teaching at the secondary schools, especially using methods of teaching at the subjects of economics. In the end of the paper is to analytically describe possibilities in the connection with the quality enhancement of the future teachers preparation at the upper - secondary schools.
Keywords: Subject of economics, innovation, school education program, methods of teaching, teachers preparation
Classification-JEL: A21
Pages: 52-65
Volume: 2009
Issue: 2
Year: 2009
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=13.pdf
File-URL: http://www.vse.cz/aop/13
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:13:p:52-65
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/13

Template-Type: ReDIF-Article 1.0
Author-Name: Ondřej Houska
Title: Beneš, that "unpredictable Slavic mason": the attitude of Italy towa
Abstract: The study analyses the attitude of Italy towards Czechoslovak plans for strengthening the status quo in Central Europe and the Danube Basin, which were of both economical and political nature. Czechoslovakia unsuccessfully tried to create a grouping of small and medium-sized states, which was supposed to lead to consolidation of that region. The reason was the fear of future economical and political pressure of Germany and of Italian power politics. Italy should stay out of this bloc. Czechoslovak plans were refused by Rome unequivocally as  Italy aimed at establishing its own hegemony in Central Europe and the Danube Basin. Such contradictions resulted not only in further deterioration of Czechoslovak-Italian relations but also in deterioration of personal relations between the leading politicians of both countries. Finally, Edvard Beneš, the Czechoslovak foreign minister, became regarded as an enemy of Italy and Fascism by the Italians. The study is based on unpublished Italian, Austrian and Czechoslovak sources as well as on secondary literature.
Keywords: Czechoslovakia, Italy, Edvard Beneš, Austria, preferential customs tariffs, Anschluss, Central Europe, the Danube Basin, 1927?1928
Classification-JEL: N00
Pages: 66-82
Volume: 2009
Issue: 2
Year: 2009
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=14.pdf
File-URL: http://www.vse.cz/aop/14
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:14:p:66-82

Template-Type: ReDIF-Article 1.0
Author-Name: Jaroslav Březina
Title: The purpose of metaphor in stock exchange journalism in german-speaking countrie
Abstract: It is well known that the Stock Exchange reports still use many metaphoric instruments. However, the reason for this situation is one of the widely discussed topics in linguistic research. There are a lot of theories, describing metaphors as an important cognitive element of this specific language, and many theories characterising metaphors only as an ornate element without any significant function. This article attempts to answer some of the questions arising from these interesting linguistic issues.
Keywords: metaphors, stock exchange reports, cognitive function, aesthetic element, language for specific purposes
Pages: 83-88
Volume: 2009
Issue: 2
Year: 2009
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=15.pdf
File-URL: http://www.vse.cz/aop/15
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:2:id:15:p:83-88
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/15