While the Czech Republic weathered its currency crisis much better than did most other emerging economies, with the worst damage being a USD 2 billion loss of foreign reserves, the crisis failed to resolve all of the fundamental problems. It gives also some explanations for the persistence of inflation at a level around 10 % until mid-1998. Keywords: CZK crisis of May 1997, fixed nominal exchange rate policy, speculative attack, Czech inflation Volume: 1999 Issue: 4 Year: 1999 File-URL: http://www.vse.cz/pep/56 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:4:id:56 Template-Type: ReDIF-Article 1.0 Author-Name: Jacek Cukrowski Author-Name: Emil Stavrev Title: Seigniorage and fiscal seigniorage in the czech republic Abstract: In this paper the concept of total gross seigniorage is used to analyze sources and uses of central bank seigniorage revenues in the Czech Republic during the period 1993 - 1997. A comprehensive framework for measuring total gross seigniorage and its main components is presented and estimates of seigniorage revenues (sources and uses) are computed and analyzed. The study shows that the conventional concept of monetary seigniorage should not be used as an estimate of government gains from money creation. Moreover, the analysis of the scope of budget deficit financing through money printing in the considered period in the Czech Republic shows that revenue from the creation of money has never been extensively used as a tool for financing government expenditures. Keywords: economies in transition, seigniorage, Czech National Bank Volume: 1999 Issue: 4 Year: 1999 File-URL: http://www.vse.cz/pep/57 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:4:id:57 Template-Type: ReDIF-Article 1.0 Author-Name: Marie Bohatá Title: Technological innovations and r&d strategies in the czech republic Abstract: The paper focuses on the conditions influencing the diffusion of technological innovations and R&D strategies in the CR. First it deals with the main principles of the transformation of R&D and of the legal framework. Attention is paid especially to privatization and the reform of R&D financing. Using evidence from case studies, companies innovation strategies as well as their views on governmental R&D policy are discussed. Keywords: state support, competitiveness, R&D, innovation strategies Volume: 1999 Issue: 4 Year: 1999 File-URL: http://www.vse.cz/pep/58 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:4:id:58 Template-Type: ReDIF-Article 1.0 Author-Name: Marie Frýdmanová Author-Name: Eva Zamrazilová Title: Active employment policy: a chance for czech labour market? Abstract: Czech labour market has been getting closer to standard labour market, notable growth of long-term unemployment can therefore be expected in the years to come. The level of long-term unemployment is still much lower in comparison with market economies, so that wide space still exists to stop massive growth of long-term unemployment.
Reviewing the West European experience shows that active employment policies can be quite helpful to cope with the problem of long-term unemployment and its social impacts. National Employment Plan declares more intensive implementation of active employment policy, its financial possibilities being, however, rather limited. Some structural problems of Czech labour market could limit effectiveness of this Plan as well. Keywords: long-term unemployment, labour market, active employment policy, job creation, job support Volume: 1999 Issue: 4 Year: 1999 File-URL: http://www.vse.cz/pep/59 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:4:id:59 Template-Type: ReDIF-Article 1.0 Author-Name: Bruno Sergio Sergi Title: Europe: west and east partners in the 2000 Abstract: This paper is about a perspective East-West European partnership in a framework of coordinated economic policies, especially monetary policy, and a single monetary authority. The data on inflation and the service sector used to test the degree of convergence of 15 European economies versus Germany show that selected economies in the East are about to attain western standards but eastward enlargement might take place only in case of more structural changes in the East. The Czech Republic, Hungary and Poland are the countries likely to qualify for membership and join soon. Keywords: Europe, economic integration, monetary policy Volume: 1999 Issue: 4 Year: 1999 File-URL: http://www.vse.cz/pep/60 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:4:id:60