Template-Type: ReDIF-Article 1.0 Author-Name: Jan Vejmělek Title: Monetaristický model měnového kurzu a jeho aplikace na českou ekonomiku Title: A monetary model of the exchange rate and its application to the czech economy Abstract: This paper will discuss problems of the floating exchange rate and consists of two parts. In the first theoretical part, a model of exchange rate in the spirit of monetary approach is described, which was developed mainly in the seventies. The explanation is based on the simple model of the exchange rate, which assume absolute capital mobility and flexibility of all prices in the economy. In that simple model, money demand and money supply determine the exchange rate. The level of exchange rate is decided by different developments of money supply in domestic and foreign economies, by a different level of output in domestic and foreign economies and by interest rate differentials between domestic and foreign economies (with respect to differences in inflationary expectations in the respective economies). The second part contains an application of a simple monetary model of the exchange rate to the Czech economy. In the last three years it can be said, that the exchange rate is moved mainly by market factors. Thus, one can apply a monetary model of exchange rate to the Czech economy in that period. A stated empirical analysis indicates the validity of the monetary model of exchange rate in the case of the Czech economy. Unfortunately, time series are too short and the results of empirical analysis have not yet yielded a general validity. Keywords: exchange rate, money demand, floating, exchange rate determinants, monetary approach, money supply Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/127 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:127 Template-Type: ReDIF-Article 1.0 Author-Name: Jiří Hron Title: Modelování cenových očekávání a analýza jejich vlivu na trh Title: Price expectations modelling and analysis of its influence on the market Abstract: In this article is developed a market model which takes account of price expectations. The model is based on simple assumptions and its properties are mathematically deduced. The demand-supply analysis is enlarged by uncertainty and the influence of price expectations. The price volatility is explained by distribution of price expectations of the market agents. The article also examines influence of the presence of deterministic agents among stochastic ones on market price uncertainty. There is random variable in the model which describes a volume of the market exchange. This random variable is not dependent on distribution of price expectations. Keywords: distributions of price expectations, price strategy, characteristic point, uncertainty on the market, price volatility, market exchange distribution Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/128 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:128 Template-Type: ReDIF-Article 1.0 Author-Name: Marek Kapička Title: Jaké jsou náklady a výnosy privatizace? Title: What are the costs and benefits of privatization? Abstract: The article analyzes the issue of privatization from theoretical point of view. An incomplete contracts approach is used in the analysis. Formal model is presented, showing how contractual incompleteness affects the extent of restructuring. The conclusion is, that if the government cannot commit not to subsidize the firm in exchange for higher production, restructuring effort will be lower than optimal. The reason is that higher restructuring decreases future subsidies. The government thus creates soft budget constraint for the owner. However, privatization improves upon state ownership. If we introduce partial privatization, more complicated governance structures emerge. Rights to cash-flow and rights to control are distinguished. One of the principal conclusions is that these rights are highly complementary. Privatization should therefore include transfer of both of these rights toward the new owner. Keywords: privatization, contract theory, incomplete contracts, bargaining Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/129 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:129 Template-Type: ReDIF-Article 1.0 Author-Name: Ivana Leitmanová Title: Vývoj trhu práce z regionálního hlediska Title: The development of labour market from regional point of view Abstract: Particular counties of Czech Republic differ as a result of diverse historical, natural, demographic and economic features. These divergencies are reflected on labour market not only in different employment, unemployment rate and average wages etc., but subsequently also in differentiated share of economicaly poor households, in relation to differentiated duration of unemployment, respectively working inability. The new regional and public administration breakdown should enable even more detailed view of regional differences on labour market. It should serve as a basis for application of appropriate instruments and measures in particular county. Keywords: labour market, unemployment, counties, employment, income, poverty Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/130 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:130 Template-Type: ReDIF-Article 1.0 Author-Name: Martin Matušů Title: Řízení jakosti na přelomu tisíciletí Title: Quality management at the turn of millenium Abstract: Nowadays, many our organizations try to be successful on world markets. They meet with stiff competition in which satisfied customer has increasingly important role, besides a product able to compete and reasonable prices in corresponding class. Realization of such a product demands perfect control of processes and activities in all areas of an establishment. At present, well-though-out and systematic care about quality is natural demand on realization of business aim. Worldwide, ISO 9000 standard becomes a pattern of standards for quality systems. In this paper, three basic conceptions of the security of quality in organization with emphasis on the conception based on realization of ISO 9000 standards are described. Further, the need for great revision of ISO 9000 standards and the comparison of ISO 9001 and ISO 14001 standards with revised version 2000 is mentioned. In conclusion, some problems about certification are discussed and some prizes for quality are mentioned. Keywords: quality, ISO 9000 standards, certification, environmental management Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/131 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:131 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Baláž Title: Postavenie Japonska v globalizačných procesoch vo svetovom hospodárstve Title: The Japan chance in globalization of international business Abstract: The serious economic problems that Japan is facing in last five years are different from those having faced in the past. They are based on least three factors. The first reason of it are the structural problems: most of them previously acted been positively factors in post-war performance of Japan's economy (structure of the industry, export promotion, tax system, interest rate-policy of the banks, etc.) The second groups of these factors consist of unfavourable impact of cyclical factors (businessboom-recession), bad loan problem consisting of the mid-term bubble position of the Japan banking system and its potential risks. There is also neccessary to take into account a group of domestic problems, such as the high cost of domestic Japanese firms which is influences the positions of these firms in the global competition (the cost of the land, the level of coporate tax, etc.). The mixture of various short-term and long-term factors complicates decision-making on that what kind of measures should be taken. The question of priority between two policies, domestic demand increase policy or financial deficit cut policy is one of the most difficult issues. Author tries to analyze the role of the industry and restructuring policy, government institutions, etc., regarding development of the Japan foreign trade policy and the influence of the "endaka" (development of the USD-Yen exchange relations) and Japanese FDI. The conclusion of this article undelines that the direction in which Japan is heading to globalization is the right one, with high development prospects Keywords: economic cooperation, economic crisis in Japan, export's position and FDI, influence of research and education, program of stabilization, structural changes Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/132 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:132 Template-Type: ReDIF-Article 1.0 Author-Name: František Jirásek Title: Bankovní institut vysoká škola Title: Institute for banking, University Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/133 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:133 Template-Type: ReDIF-Article 1.0 Author-Name: Jiří Jindra Title: Vysoká škola hotelová Title: Hotel management college Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/134 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:134 Template-Type: ReDIF-Article 1.0 Author-Name: Ladislav Hájek Title: Proces globalizace v pojetí G. Sorose Title: Globalization process in G. Soros's view Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/135 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:135 Template-Type: ReDIF-Article 1.0 Author-Name: Roman Matoušek Title: Originální pohled na transformaci českého bankovnictví Title: Original view of czech banking sector transformation Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/136 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:136 Template-Type: ReDIF-Article 1.0 Author-Name: Pavel Sirůček Title: Keynes stále aktuální Title: For ever up-to-date Keynes Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/137 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:137 Template-Type: ReDIF-Article 1.0 Author-Name: František Ducheček Title: Co, kolik, kdy, kam a jak investovat Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/138 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:138 Template-Type: ReDIF-Article 1.0 Author-Name: Jiří Dědina Title: Povinná studijní pomůcka pro podnikatele, ekonomy a manažery Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/139 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:139 Template-Type: ReDIF-Article 1.0 Author-Name: Jiří Jelínek Title: Moderní přístupy a metody v řízení výroby Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/140 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:140 Template-Type: ReDIF-Article 1.0 Author-Name: -- Title: Valné shromáždění České společnosti ekonomické Title: General assembly of the Czech Economic Aassociation Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/118 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:118 Template-Type: ReDIF-Article 1.0 Author-Name: Pavel Kysilka Title: Zpráva o činnosti České společnosti ekonomické od 18. listopadu 1997 do 30. listopadu 1999 Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/119 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:119 Template-Type: ReDIF-Article 1.0 Author-Name: Pavel Kysilka Title: Je nutná korekce ekonomické transformace? Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/120 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:120 Template-Type: ReDIF-Article 1.0 Author-Name: Vladimír Kreidl Title: Jak lépe monitorovat veřejné rozpočty Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/121 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:121 Template-Type: ReDIF-Article 1.0 Author-Name: -- Title: Zpráva revizní komise o hospodaření ČSE Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/122 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:122 Template-Type: ReDIF-Article 1.0 Author-Name: -- Title: Zápis volební komise o průběhu voleb na valném shromáždění České společnosti ekonomické Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/123 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:123 Template-Type: ReDIF-Article 1.0 Author-Name: -- Title: Usnesení valného shromáždění České společnosti ekonomické, konaného dne 30. listopadu 1999 v Praze Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/124 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:124 Template-Type: ReDIF-Article 1.0 Author-Name: -- Title: Zápis ze schůze představenstva České společnosti ekonomické, konané 7. prosince 1999 Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/125 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:125 Template-Type: ReDIF-Article 1.0 Author-Name: Jaroslava Durčáková Author-Name: Milan Žák Title: Cíle a úkoly Vysoké školy ekonomické Title: Goals and tasks of the University of Economics, Prague Volume: 2000 Issue: 2 Year: 2000 File-URL: http://www.vse.cz/polek/126 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2000:y:2000:i:2:id:126