Acta Oeconomica Pragensia, 2014 (vol. 22), issue 3

Is the Chinese Currency on the Way to the World Currency Status?

Martina Jiránková

Acta Oeconomica Pragensia 2014, 22(3):3-16 | DOI: 10.18267/j.aop.440  

The article deals with the aspiration of the Chinese currency to become the world currency status. The world currency must perform as a store of value, means of exchange, and an accounting unit internationally for governments as well as the private sector. The important conditions of this position are an important share in the world's GDP and the global trade, stability of the domestic economy, and financial markets of high quality and depth. The last one is the most problematic of the given assumptions. Because of it, China has started a reform of its financial sector, and this reform has been accelerated since 2012. The convertibility of the Chinese...

The Importance of the OECS Subintegration Cluster in the Context of Development of Its Members' GDP

Pavel Zdražil

Acta Oeconomica Pragensia 2014, 22(3):17-28 | DOI: 10.18267/j.aop.441  

The regional integration process allows worldwide formation of many regional clusters with an economic focus at most. Some partnerships of such units can create clubs of regions with a higher degree of integration process, compared to the rest, so their extent of regional integration is very high-powered. The present analysis shows that since the formation of such a unit - OECS subintegration cluster, the GDP of the involved countries has definitely developed better than that of the higher integration unit - the CARICOM integration cluster, and the rest of the area as well. Beyond, some higher intensity of recognised effect in the long-term period...

Schengen Area - Fortress Europe?

Markéta Novotná

Acta Oeconomica Pragensia 2014, 22(3):29-44 | DOI: 10.18267/j.aop.435  

The aim of this study is to present the contemporary research of the Schengen area and to prove theoretically as well as empirically that the notion of Fortress Europe is only a misleading conception that the media may find attractive, but which does not depict the reality fully. The reason is, that he concept of a fortress evokes a contrast between the inside and the outside. Nevertheless, the empirical data show that the binary oppositions like 'inside - outside', 'security - free movement' or 'EU citizens - third country citizens' are simplified. Firstly, the paper focuses on the Schengen area itself. Secondly, the contemporary research in the field...

Composite Coincident Indicator of the Czech Business Cycle

Andrea Tkáčová

Acta Oeconomica Pragensia 2014, 22(3):45-60 | DOI: 10.18267/j.aop.436  

This article's objective is to create the Composite Coincident Indicator - CCI for the Czech economy, which is useful for monitoring of the Czech business cycle and its comparison with the GDP and the Index of Industrial Production. In the theoretical part of this article, we describe three indexes which currently represent options for monitoring of business cycles. The most useful indexes are the GDP, the Index of Industrial Production and the CCI. We also compare advantages and disadvantages of these indexes for the Czech business cycle. In the empirical part of the article, we analyse 127 indicators from different parts of economics and select coincident...

Public Procurement and its Impact on Financial Indicators of Companies in the Construction Sector in Slovakia

Zuzana Špinerová

Acta Oeconomica Pragensia 2014, 22(3):61-76 | DOI: 10.18267/j.aop.437  

The aim of this article is to examine whether there exists a relation between the participation in execution of public contracts and financial indicators of companies. The issue is analysed using data on companies involved in the construction sector of the Slovak Republic. Hypotheses that the participation of companies in public contracts positively affects their financial indicators are tested using a quantitative approach. The results of the regression analysis indicate that companies which contribute to realisation of public contracts achieve more favourable values of profitability ratios compared to companies without public contracts. Nevertheless,...

The Use of the Passive Voice Constructions in Business German in Contrast to Business Czech

Věra Höppnerová

Acta Oeconomica Pragensia 2014, 22(3):77-93 | DOI: 10.18267/j.aop.438  

Passive constructions are a typical morphological feature of business German. At the same time, this phenomenon is significantly affected by interlingual interference. Its occurrence is frequent even in the Czech language of economics but in fact also other, corresponding means of expression may be used in Czech: active constructions, reflexive passive voice, or modal expressions. This paper looks into the occurrence of different tenses in the passive voice; examines using agents in both the languages; shows the reasons for preferring passive constructions in German and for using various equivalents of these in Czech. Finally, attention is paid to...

Other Prominent Female Economists

Pavel Sirůček

Acta Oeconomica Pragensia 2014, 22(3):94-100 | DOI: 10.18267/j.aop.439  

The concluding episode briefly introduces a few more important female celebrities in economics, who have not been described in the previous sections. There are many heterogeneous women authors worth bringing to mind. Their references and writings improve the economic science level similarly to many men colleagues awarded with most important economic prizes.