ELBF - Economics and Law in Banking and Finance
| Credit: | 0 |
|---|---|
| Credit ETCS: | 0 |
| Hours weekly: | xx |
| Status: | Anglicky Doktorský Semestr - letní Semestr - zimní |
| Obligatory courses: | |
| Recommended courses: | |
| Course supervisors: | prof. Ing. Karel Janda M.A., Dr., Ph. D., RWE Chair prof. Ing. Michal Mejstřík CSc. |
| Teachers: | Petr Janský M.Sc. prof. Ing. Michal Mejstřík CSc. PhDr. Pavel Vacek Ph.D., Česká spořitelna Corporate Chair |
| Assistants: | Petr Janský M.Sc. |
| Schedule: | Please, switch to English. This seminar serves as a discussion platform for a research project under No. GACR 403/10/1235 (2010-2014) Institutional Responses to Financial Market Failures. |
| Announcements: | |
| Literature: | Summer Semester 2012/2013 Always at 18.30 in room 601. Presentation 1 Presentation 2 Date: February 19 Presenter: Ivo Jánský Topic: Time varying beta in banking sectors Discussant: Ihor Kruchynenko Date: March 5 Presenter: Vyacheslav Lypko / Petra Buzková, Boril Šopov Topic: High-frequency data based correlation modelling using neural networks / CDS valuation Discussant: Petra Vokatá / Jana Chvalkovská Date: March 19 Presenter: Petr Janský / Goran Serdarevic Topic: Corporate taxation / Analysis of a collective dominance in the Czech mobile market Discussant: Martin Dózsa / Ivo Jánský Date: April 2 Presenter: Aleš Čornanič / Jana Chvalkovska Topic: Earnings management to avoid delisting / Regulatory impact assessment Discussant: Goran Serdarevic / Jakub Mikolášek Date: April 16 Presenter: Petra Vokatá / Martin Dózsa Topic: Gambling in Stock Markets / Valuation of companies with negative EBIT Discussant: Vyacheslav Lypko / Aleš Čornanič Date: April 30 Presenter: Ihor Kruchynenko / Adrian Babin Topic: “AdaBoost” vs Neural Networks approach in prediction of financial distress / The interbank market in CEE during the crisis Discussant: Michal Princ / Petra Buzkova Date: May 14 Presenter: Jakub Mikolášek / Michal Princ Topic: Socio-economic drivers of alcohol abuse / Dynamic portfolio creation Discussant: Ihor Kruchynenko / Adrian Babin To fulfill the requirements for the semester, you need to attend at least 3 seminars, present at one of them and discuss at another. Winter Semester 2012/2013 Always at 18.30 in room 601. Date: October 2 Presenter: Barbora Svárovská / Topic: / Discussant: Ivo Jánský / Date: October 16 Presenter: Goran Serdarevic / Dan Vaško Topic: EU broadband internet regulation: does the ladder of investment theory fail in the CEE countries / Central Bank Transparency and Financial Stability: Measurement, Determinants and Effects Discussant: Dan Vaško / Goran Serdarevic Date: October 30 Presenter: Petra Vokatá / Michal Lebovič Topic: Gambling in Stock Markets / Use of coherent risk measures in the operational risk modeling Discussant: Ihor Kruchynenko, Jakub Mikolášek / Date: November 13 Presenter: Adrian Babin, Igor Kruchynenko / Jan Soudek Topic: Bank Efficiency in a LCM framework / Public Procurement of homogeneous goods: Czech Republic case study Discussant: Jan Soudek / Adrian Babin Date: November 27 Presenter: Martin Dózsa Topic: An EBIT based asset pricing model with stochastic default barrier Discussant: Petra Vokatá, Michal Lebovič Date: December 11 Presenter: Jakub Mikolášek / Ivo Jánský Topic: Social patterns in Alcohol Consumption - The case of Lonely People / Time-varying beta of the banking sector Discussant: Martin Dózsa / Barbora Svárovská Summer Semester 2011/2012 Always at 18.30 in room 601. Date: February 21 Presenter: Karel Báťa / Topic: Role of fear in investment decisions: experimental approach / Discussant: Ihor Kruchynenko / Date: March 6 Presenter: Aleš Čornanič / Jakub Mikolášek Topic: Earnings management of listed companies / Natural and Geographical effects in beer production Discussant: Martin Dózsa / Martina Jašová Date: March 20 Presenter: Ivo Jánský / Andrea Klimešová, Monika Slabá Topic: ARMA-GARCH family of models / Main drivers of natural gas prices in the Czech Republic after the market liberalisation Discussant: Adrian Babin / Barbora Svárovská Date: April 3 Presenter: Boril Šopov / Ihor Kruchynenko, Adrian Babin Topic: Yield curve modelling: Non-linear State-space model with heteroskedastic factors / Prediction of default using Altman's Z score Discussant: Karel Báťa / Ivo Jánský, Jitka Lešanovská Date: April 17 Presenter: Barbora Svárovská / (Cancelled - Martin Dózsa, An EBIT based asset pricing model with stochastic default barrier) Topic: Investment in microfinance / Discussant: Goran Serdarevic, Jakub Mikolášek / Date: April 24 Presenter: Petr Janský / Jitka Lešanovská Topic: Household consumption in the Czech Republic / Behavior of Banks in the Interbank Market Discussant: Aleš Čornanič, Andrea Klimešová / Jan Šolc Winter Semester 2011/2012 Always at 18.30 in room 601. Date: October 4 Presenter: Goran Serdarevic / Jana Chvalkovska Topic: Broadband penetration in the EU / Bearer shares and public procurement Discussant: Michael Princ / Goran Serdarevic Date: October 18 Presenter: Ihor Kruchynenko / Michael Princ Topic: Prediction of default using Altman's Z score / DCC modelling of Central European countries Discussant: Babín Adrian, Boril Šopov / Date: November 1 Presenter: Aleš Čornanič / Martina Jašová Topic: IPO underpricing / Approaches to tame the credit growth Discussant: Martina Jašová / Jan Šolc, Ivo Jánský Date: November 15 Presenter: Jakub Gleta / Ivo Jánský, Milan Rippel Topic: Basel III impact on the Czech Republic / ARMA-GARCH family of models Discussant: Jitka Lešanovská / Boril Šopov Date: November 29 Presenter: Barbora Svárovská / Babín Adrian Topic: Investment in micro finance / Impact of the crisis on the bank effciency Discussant: Jana Chvalkovská, Martin Dózsa / Andrea Klimešová, Ihor Kruchynenko Date: December 13 Presenter: Jan Šolc / Martin Dozsa Topic: Bailouts in banking industry / EBIT modelling Discussant: Martina Jašová, Barbora Svárovská / Aleš Čornanič Summer Semester 2011 always at 18.30 in room 601 Date: February 22 Presenter: Karel Báťa Topic: Equity home bias among Czech investors: experimental approach Discussant: Petr Janský Date: March 22, 2011 Presenter: Martin Dózsa Topic: EBIT asset pricing models Discussant: Karel Báťa Date: April 5, 2011 Presenter: Andrea Klimešová, Tomáš Výležík / Michael Princ Topic: Pricing of Gas Swing Options / International Diversification Analysis: Dynamic Approach Discussant: Jana Chvalkovská, Jakub Mikolášek / Boril Šopov Date: April 19, 2011 Presenter: Jana Chvalkovska Topic: Pricing in Public Procurement Discussant: Date: Goran Serdarevic / Jakub Mikolášek Presenter: May 3, 2011 Topic: The Efficiency of the EU Merger Control / Macro beeronomics and micro beeronomics Discussant: / Martin Dózsa Date: Petra Buzková, Boril Šopov Presenter: May 17, 2011 Topic: Interest rate risk stress testing Discussant: Michael Princ Date: Petra Buzková, Boril Šopov Presenter: May 17, 2011 Topic: Interest rate risk stress testing Discussant: Michael Princ Date: Farkhod Kholbutayev Presenter: June 15, 2011, 16:00, 601 Topic: Islamic Banking and Finance, evaluation of money, financial stability Discussant: Winter Semester 2010 schedule always at 18.30 in room 601 Date: October 12 Presenter: Jana Chvalkovská Topic: The real option model - evolution and applications Discussant: Milan Rippel Date: October 26 Presenter: Oksana Melikhová / Martin Dózsa (two topics during one session) Topic: Inverted U-curve / Stochastic Default Barrier Discussant: / Jan Šolc Date: November 9 Presenter: Zdeněk Kudrna Topic: Cross-border resolution of failed banks in the EU: search for the second-best policies Discussant: Jana Chvalkovská, Jan Seifert Date: November 23 Presenter: Petra Kolouchová, Katarína Marková Topic: PE returns Discussant: Oksana Melikhová, Martin Dózsa, Michal Princ Date: December 7 Presenter: Jan Šolc, Petr Janský Topic: Gas market and energy security Discussant: Petra Kolouchová, Andrea Klimešová, Tomáš Výležík, Jakub Mikolášek Date: December 21 Presenter: Milan Rippel and Michal Princ Topic: Economic capital estimation Discussant: Petra Buzková, Katarína Marková, Farkhod Kholbutayev, Boril Šopov Summer Semester 2010 schedule always at 18.30 in room 601 Date: March 9 Presenter: Milan Rippel Topic: Electricity Discussant: Jana Chvalkovská, Andrea Pokorná, Jan Procházka Date: April 6 Presenter: Jana Chvalkovská, Katarina Marková Topic: Public procurement Discussant: Petr Janský, Oksana Melikhova Date: April 20 Presenter: Michael Princ Topic: Volatility Spillovers Discussant: Jakub Seidler, Farkhod Kholbutayev Date: May 4 Presenter: Andrea pokorná, Tomáš Vyležík Topic: Weather Risk in the Natural Gas Market Discussant: Katarina Marková, Michael Princ, Oksana Melikhova Date: May 18 Presenter: Petr Janský Topic: Financial Services: Macro Evidence Discussant: Jan Procházka, Milan Rippel Winter Semester 2009 schedule always at 18.30 in room 601 Date: October 6 Presenter: Karel Báťa Topic: Equity Home Bias in the Case of the Czech Republic Discussant: Petr Jánský, Milan Rippel Date: October 20 Presenter: Jakub Mikolášek Topic: Optimal Tax Modelling in the Case of Alcohol Discussant: Marie Raková, Jiří Mlynář Date: November 3 Presenter: Farkhod Kholbutayev and Michael Princ Topic: Islamic Banking Discussant: Ibrahim Awad, Jakub Mikolasek Date: November 24 Presenter: Petra Benešová Topic: CDO Valuation and Sensitivities Discussant: Karel Báťa, Vít Bubák, Petra Kolouchová Date: December 8 Presenter: Petra Kolouchová Topic: Cost of Equity in Valuation Reports Discussant: David Marek, Michael Princ Date: January 5 Presenter: Milan Rippel Topic: Insurance and Operational Risk Discussant: Farkhod Kholbutayev, Katarina Marková, Tomáš Vyležík Winter Semester 2008 schedule always at 18.30 in room 601 Date: October 7 Presenter: Karel Janda Topic: Government Interventions Are Good in Alleviating Credit Market Failures? Discussant: Date: October 21 Presenter: Petr Jakubík Topic: Credit Scoring Discussant: Jakub Seidler, Tomáš Václavík Date: November 4 Presenter: Jakub Seidler Topic: Loss Given Default Discussant: Radovan Chalupka, Milan Rippel Date: November 18 Presenter: Hana Bartůňková Topic: Financial Integration and Financial Growth Discussant: Veronika Beránková, Kamila Koprnická Date: December 2 Presenter: Ján Slavíček Topic: Regulation of Private Equity Discussant: Jiří Mlynář Date: December 16 Presenter: Juraj Kopecsni Topic: Branch Benchmarking - Data Envelopment Analysis Discussant: Petr Jakubík, Radovan Chalupka Date: January 6 Presenter: Tomáš Václavík Topic: Symmetrical Regression Summer Semester 2008 schedule Date: February 19 Presenter: Marie Raková (Tomáš Václavík) Topic: Price Effect of Emerging Retail Market Discussant: Elisa Galeotti, Ibrahim Ibrahim Date: March 4 Presenter: Pavel Doležel Topic: Credit Risk Discussant: Ján Slavíček Date: March 18 Presenter: Irakli Gogatishvili Topic: Default Probabilities in General Equilibrium Discussant: Pavel Doležel, Radovan Chalupka Date: April 1 Presenter: Radovan Chalupka Topic: Loss-given Default Discussant: Pavel Doležel, Irakli Gogatishvili Date: April 15 Presenter: Ibrahim Ibrahim Topic: Inflation Targetting in Egypt Discussant: Eva Ryšavá, Jiří Mlynář Date: April 29 Presenter: Eva Ryšavá Topic: Econometric Model of FDI Determinants Discussant: Irakli Gogatishvili Date: May 13 Presenter: to be determined Topic: Discussant: Winter Semester 2007 schedule Date: October 2 Organisational meeting Date: October 16 Presenter: Elisa Galeotti Topic: The determinants of FDIs in the privatized glass sector in the Czech Republic Discussant: Eva Ryšavá, Hana Bartůňková Date: October 30 Presenter: Petr Jakubík Topic: Credit risk and stress testing of the Czech Banking Sector Discussant: Martin Kubíček Date: November 13 Presenter: Irakli Gogatishvili Topic: Agent-based Models of Financial Markets Discussant: Karel Diviš, Ján Slavíček Date: November 27 Presenter: Tomáš Václavík Topic: Probability of Default estimation methods Discussant: Pavel Doležel, Radovan Chalupka Date: December 11 Presenter: Petr Teplý, Radovan Chalupka Topic: Operational Risk - A Case Study Discussant: Tomáš Václavík, Filip Hájek Date: January 8 Presenter: Eva Ryšavá Topic: Determinants of FDI Discussant: Elisa Galeotti, Jiří Mlynář Summer Semester 2007 schedule Date: February 20 Presenter: Marie Raková Topic: Degree of Competition and Exchange Rate Changes Discussant: Date: March 6 Presenter: Martin Kubíček Topic: Basel II - Credit Risk Model Discussant: Juraj Konecsni, Tomáš Václavík Date: March 20 Presenter: Elena Savushkina Topic: Strategies for Pension Funds Discussant: Eva Ryšavá, Martin Kubíček Date: April 3 Presenter: Irakli Gogatishvili Topic: Financial Markets' Applications of Minority Games Discussant: Jiří Mlynář Date: April 17 Presenter: Eva Ryšavá, Elisa Galeotti Topic: Determinants of Foreign Direct Investment Discussant: Elena Savushkina Date: May 15 Presenter: Juraj Kopecsni, Tomáš Jaroš Topic: Loss-Given Default Discussant: Jana Honnerová, Irakli Gogatishvili Winter Semester 2006 schedule Date: October 3 Organisational meeting Date: October 17 Presenter: Hana Bartůňková Topic: European Stock Market Integration Discussant: Karel Divis, Elissa Galeotti Date: October 31 Presenter: Juraj Kopecsni/ Elena Savushkina Topic: Loss Given Default Theory and Empirics/ Choosing Optimal Risk Strategy for Pension Funds in ČR Discussant: Pavel Körner, Martin Kubíček/ Jan Slavíček, Ján Zadražil Date: November 14 Presenter: Jan Slavíček, Ján Zadražil Topic: Regulation of Financial Markets Discussant: Hana Bartůňková Date: November 28 Presenter: Eva Ryšavá, Tomáš Václavík Topic: Validation of Basel II Models Discussant: Juraj Kopecsni Date: December 12 Presenter: Jana Honerová Topic: Basel II Discussant: Eva Ryšavá, Tomáš Václavík Topics to be covered during Spring 2006 Date: February 21, 2006 Topic: Credit Risk Models Presenters: Petr Jakubík Discussants: Jana Honnerová, Tomáš Václavík Date: March 7, 2006 Topic: Stock Returns Presenters: Vít Bubák Discussants: Soňa Pokutová, Karel Diviš Date: March 21, 2006 Topic: The determinants of corporate debt maturity structure: evidence from Czech firms Presenters: Pavel Koerner, ?Tomáš Richter? Discussants: ???? Date: April 4, 2006 Topic: Effective Marketing: Case Study on Consumer Lending Presenters:Tomáš Jaroš Discussants:Jiří Mlynář, Pavel Körner Date: April 18, 2006 Topic: Modelling Broker Market Presenters: Soňa Pokutová Discussants: Eva Ryšavá, Vít Bubák Date: May 2, 2006 Topic: Financial Market Regulation Presenters: Jan Slavíček, Jan Zadražil Discussants: Tomáš Jaroš Date: May 16, 2006 Topic: Basel II Presenters: Tomáš Václavík, Eva Ryšavá, Jana Honnerová Discussants: Jan Slavíček, Jan Zadražil Topics to be covered during Fall 2005 Date: October 4, 2005 Topic: Organisational meeting Presenters: Discussants: Date: October 18, 2005 Topic: Deteriorating cost efficiency in commercial banks signals increasing risk of failure Presenters: Anca Podpiera Discussants: Soňa Pokutová Date: November 1, 2005 Topic: Modelling Foreign Exchange Markets Presenters:Soňa Pokutová Discussants: Vít Bubák Date: November 15, 2005 Topic: Investor Sentiment, Underreaction and Overreaction in Financial Markets Presenters: Michal Ježek Discussants: Jiří Mlynář Date: November 29, 2005 Topic: Debt Maturity Structure Presenters: Pavel Körner Discussants: Jana Honnerová, Tomáš Václavík Date: December 13, 2005 Topic: Monetary Policy and Financial Crisis Presenters: Jiří Mlynář Discussants: Elissa Galeotti Date: January 3, 2006 Topic: Predicting Czech Stock Returns with High-frequency Data Presenters: Vít Bubák Discussants: Karel Diviš, Petr Teplý Topics to be covered during Spring 2005: Date: February 22, 2005 Topic: Information Efficiency in Central European Equity Markets Presenters: Karel Divis, Petr Teply Discussants: Martin Hrdy Date: March 8, 2005 Topic: American Depositary Receipts and Global Depositary Receipts in Central Europe Presenters: Katerina Holicka Discussants: Date: March 22, 2005 Topic: Use of Principal Component Analysis in Economical Analysis Presenters: Martin Hrdy Discussants: Petr Teply Date: April 5, 2005 Topic: Stability of the Banking Sector - Transparency in Monetary Decisions Presenters: Jiri Mlynar Discussants: Date: April 19, 2005 Topic: Indices Presenters: Pavel Korner Discussants: Elisa Galeotti, Karel Divis Date: May 3, 2005 Topic: Privatisation of the Glass Sector in the Czech Republic Presenters: Elisa Galeotti Discussants: Tomas Jaros Date: May 17, 2005 Topic: Optimization of Cash Holdings in Retail Banking Presenters: Tomas Jaros Discussants: Pavel Korner, Jiri Mlynar Topics to be covered during the Fall Semester: Meeting 1: Evolution of Financial Institutions Date: October 5 Main Presenter: Karel Janda Opponent: there was no discussant for this class Cornett M.M., Saunders A.: Fundamentals of Financial Institutions Management, McGraw Hill, 1999, Geoffrey M. Hodgson: Evolution and Institutions, Edward Elgar, 1999 Heffernan, S.: Modern Banking in Theory and Practice. J. Wiley, New York, 1996, ISBN 0-471-96208-0 Bokros, L. (2001b), Experience and Perspectives of Financial Sector Development In Central and Eastern Europe, World Bank paper No.153586, Washington. Buchi, H. (1991), Practical Aspects of Privatization: the case of Chile, CIPE/CERGE lecture No.1, September, available on http://ies.fsv.cuni.cz/. Kemme, D. (2001), Russian Financial transition: The development of Institutions and Markets for Growth, William Davidson WP 455, October. La Porta, R., Lopez-De-Silanes, F. and A. Shleifer (2002), Government Ownership of Commercial Banks, J. of Finance LIII: 2, February, 265-302. La Porta, R. and F. Lopez-de-Silanes (1998), Capital markets and legal institutions, Harvard university, www.harvard.edu. La Porta, R., Lopez-De-Silanes, F., Shleifer, A. and R. W. Vishny (1997), Legal Determinants of External Finance, NBER Research Working Paper 5879 and J. of Finance, 52, pp.1131-1150. Meeting 2: Basel II Date: October 19 Main Presenter:Tomas Jaros Opponent:Sona Pokutova Caprio, G., Bart, J. R. and R. Levine (2001), The Regulation and Supervision of Banks around the World: A New Database, Working Paper No. 2588, World Bank, Washington. Barth, J. R., Caprio, G. and R. Levine (2001), Bank Regulation and Supervision: What Works Best, Policy Research Working Paper No.2725, November. Bhattacharaya S., and U.R.Patel (2002), Financial Intermediation in India: A case of Aggravated Moral Hazard?, Working paper no.145, Center for research on Economic Development and Policy Reform, Stanford University BIS (2001 and 2003), The Second an Third Consultative Paper on the New Basel Capital Accord, Basel Committee Publication, Basel Dewatripont, M.- Tirole,J.: The Prudential Regulation of Banks, MM Press, Cambridge, 1993,ISBN 0-262-04146-4 Ergas, H., et al (2001), Regulatory Risk, Auckland, www.necg.com.au Mejstřík M. (2004), The cultivation of the Czech financial Markets, Karolinum Press, Prague,chapt 2 Committee of Wise Men (2001), Final Report of the Committee of Wise Men on the Regulation of European securities markets (?Lamfalussy Report?), Brussels, February Meeting 3: Credit Risk Management and Regulation Date: November 2 Main Presenter:Patrik Novy Opponent:Tomas Jaros, Martin Hrdy John Caouette, E. Altman, and P. Narayanan. Managing Credit Risk: The Next Great Financial Challenge. John Wiley and Sons, New York, 1998. Charles T. Carlstrom and Katherine A. Samolyk. Loan sales as a response to market-based capital constraints. Journal of Banking and Finance, 19(3{ 4):627{646, 1995. Ren-Raw Chen and Ben J. Sopranzetti. The valuation of default-triggered credit event. Mimeo, April 2002. Peter J. Crosbie and Jeffrey R. Bohn. Modeling default risk. Technical report, KMV, San Francisco, May 2001. Sandeep Dahiya, Manju Puri, and Anthony Saunders. Bank borrowers and loan sales: New evidence on the uniqueness of bank loans. Journal of Business, 76(4):563{582, October 2003. Peter DeMarzo and Darrell Duffie. A liquidity-based model of security design. Econometrica, 67(1):65{100, 1999. Alan D.Morrison. Credit derivatives, disintermediation and investment decisions. Journal of Business, 78(4):forthcoming, October 2005. Gregory R. Duffee and Chunsheng Zhou. Credit derivatives in banking: Useful tool for managing risk? Journal of Monetary Economics, 48(1):25{54, 2001. Darrell Duffie. Credit swap valuation. Mimeo, November 1998. Dirk Effenberger. Credit derivatives:implications for credit markets. Mimeo, July 2003. Alastair Clark et al. Credit risk transfer. Report, Bank for International Settlements, Basel, January 2003. Gary B. Gorton and George G. Pennacchi. Banks and loan sales marketing nonmarketable assets. Journal of Monetary Economics, 35(3):389{411, 1995. Greg M. Gupton, Christopher C. Finger, and Mickey Bhatia. Credit metrics technical document. Technical report, J. P. Morgan, April 1997. John Hull, Mirela Predescu, and Allan White. The relationship between credit default swap spread, bond yields, and credit rating annoucements. Mimeo, September 2002. John Hull and Alan White. Valuing credit default swaps i: No counterparty default risk. Mimeo, April 2000. John Hull and Alan White. Valuing credit default swaps ii: Modeling default correlation. Mimeo, April 2000. John Kiff, Francois-Louis Michaud, and Janet Mitchell. Instruments of credit risk transfer: Effects on financial contracting and financial stability. Working paper, Committe on the Global Financial System, December 2002. Francis A. Longsta_, Sanjay Mithal, and Eric Neis. The credit default swap market: Is credit protection priced correctly? Mimeo, August 2003. Robert C. Merton. On the pricing of corporate debt: The risk structure of interest rates. Journal of Finance, 29:449{470, 1974. Antonio Nicolo and Loriana Pelizzon. Credit derivatives: Capital requirements and strategic contracting. Mimeo, May 2004. Meeging 4: Corporate Governance and Investors Protection Date: November 16 Main Presenter: Elisa Galeotti, Martin Hrdy Opponent: Katerina Holicka, Pavel Korner Balling M., Hennessy E.,O´Brien R., (1998): Corporate Governance, Financial Markets and Global Convergence, Kluwer Academic Publishers, London, Black,B.,Kraakma,R. and A. Tarassova (2000), Russian Privatization and Corporate Governance: What Went Wrong?, Sanford Law Review 52 and William Davidson WP No. 269a Caprio, J. and R. Levine (2002), Corporate Governance in Finance: Concepts and International Observations, Background paper for World bank ? IMF- Brookings conference Building the Pillars of Financial Sector Governance: The roles of Public and Private Sector, April. Cofee, J. (1999), Privatization and Corporate Governance: The Lessons from Securities Market Failure, The Journal of Corporation Law, vol.25, pp.1-25. Keasey, K., Thompson, S. and M. Wright (eds.) (1999), Corporate Governance, Brookfield Vermont: Edward Elgar Publishing Company. Mejstřík, M. (1998), Best Practices in Corporate Governance: Theory and Practice, Acta Universit.Carolinae Oeconomica No. 1, Praha. Meeting 5: Bankruptcies and Investors Protection Date: November 30 Main Presenter: Pavel Korner, Petr Teply, Josef Diblik Opponent: Elisa Galeotti, Jiri Mlynar Invited Guests: Tomas Richter, Ondrej Vychodil, Ondrej Knot Klapper, L., Claessens S. (2002), Bankruptcy Around the World: Explanation of its Relative Use, Policy research Working Paper No. 2426, World Bank. Klapper, L. and I. Love (2002), Corporate Governance, Investor Protection, and Performance in Emerging Markets, Policy Res. Working Paper No.2818, World Bank. La Porta, R., Lopez-De-Silanes, F., Shleifer, A. and R. W. Vishny (2000), Investor Protection and Corporate Governance, J. of Financial Economics, 58, pp.3-27. Richter T., Comments to the Czech draft bankruptcy Act, July 2004 Meeting 6: Credit with Adverse Selection Date: December 14 Main Presenter: Katerina Holicka, Jiri Mlynar Opponent:Roman Horvath, Eva Horvathova Gerge A. Akerlof. The market for `lemons': Qualitative uncertainty and the market mechanism. Quarterly Journal of Economics, 84(3):488{500, August 1970. David Besanko and Anjan V. Thakor. Collateral and rationing: Sorting equilibria in monopolistic and competitive credit markets. International Economic Review, 28(3):671{689, October 1987. Jeffrey M. Lacker (1994) Does Adverse Selection Justify Government Intervention in Loan Markets?, Federal Reserve Bank of Richmond Economic Quarterly, vol. 80, 1, 61--95. Jeffrey Lacker (2001)Collateralized Debt as the Optimal Contract, Review of Economic Dynamics, vol. 4, number 4, 842--859. David DeMeza. Overlending? The Economic Journal, 112(477):F17{31, February 2002. Michael Manove, Jorge A. Padilla, and Marco Pagano. Collateral vs. project screening: A model of lazy banks. RAND Journal of Economics, 32(4):726{ 744, Winter 2001. Udo Schmidt-Mohr (1997) Rationing Versus Collateralization in Competitive and Monopolistic Credit Markets with Asymmetric Information, European Economic Review, vol.41,1321--1342. The papers in The Economic Journal (2002),vol.112, number 477, February. Meeting 7: Optimal Debt Contracts Date: January 4 Main Presenter:Roman Horvath, Eva Horvathova Opponent: Petr Teply, Patrik Novy, Josef Diblik Gale and Hellwig, "Incentive Compatible Debt: The One-period Problem," Review of Economic Studies, LII, 647-663, 1985. Stefan Krasa, Tridib Sharma, Anne Villamil (2003) The Effect of Enforcement on Firm Finance, mimeo. Stefan Krasa and Anne P. Villamil (2003) Optimal Contracts When Enforcement Is a Decision Variable: A Reply, Econometrica. Salanie B.: The Economics of Contracts, MIT Press, 1997 Freixas X.,Rochet J-Ch.: Microeconomics of Banking, MIT Press, Cambridge,1998, ISBN 0-262-06193-7 Nan Chen. Asymmetric information, the choice of financial distress resolution and implications for corporate debt pricing. Mimeo, November 2003. Robert M. Townsend. Optimal contracts and competitive markets with costly state verification. Journal of Economic Theory, 21(2):265{293, October 1979. Williamson, "Costly Monitoring, Financial Intermediation, and Equilibrium Credit Rationing," Journal of Monetary Economics, 18, 159-179, 1986. Williamson, "Costly Monitoring, Loan Contracts, and Equilibrium Credit Rationing," Quarterly Journal of Economics, 102, 135-145, 1987. |
| Description: | Please, switch to English. This seminar serves as a discussion platform for a research project under No. GACR 403/10/1235 (2010-2014) Institutional Responses to Financial Market Failures. |
| Content: | Please, switch to English. Témata pro doktorandskou zkoušku: 1 - Moral Hazard in Banking 2 - Optimal Debt Contracts and Credit with Adverse Selection 3 - Financial Market Regulation and Prevention of Risks and Inefficencies (credit risk, credit default swap, credit ratings, liquidity risk, Basel II) 4 - Corporate Governance, Bankruptcies and Investors Protection |
| Seminar: | |
| Examination dates: | Please, switch to English. |
| Course requirements: | Please, switch to English. |
| Downloadable: | 2005SS_ElisaGaleotti1.ppt 2005SS_ElisaGaleotti2.ppt 2005SS_FilipZikes.pdf 2005SS_KarelDivis+PetrTeply.ppt 2005SS_KaterinaHolicka.ppt 2005SS_MartinHrdy.ppt 2005SS_PavelKoerner.doc 2005SS_TomasJaros.ppt 2005WS_AncaPodpiera.doc 2005WS_JiriMlynar.ppt 2005WS_MichalJezek.ppt 2005WS_PavelKoerner.ppt 2005WS_SonaPokutova.ppt 2006SS_EvaRysava+TomasVaclavik.ppt 2006SS_JanSlavicek+JanZadrazil.doc 2006SS_JanSlavicek+JanZadrazil.ppt 2006SS_MichalHlavacek.ppt 2006SS_PavelKoerner.pdf 2006SS_PetrJakubik.pdf 2006SS_TomasJaros.ppt 2006SS_VitBubak.pdf 2006SS_VitBubak2.pdf 2006WS_ElenaSavushkina.ppt 2006WS_HanaBartunkova.ppt 2006WS_JanaHonnerova.ppt 2006WS_JurajKopecsni.ppt 2006WS_TomasVaclavik.ppt 2007SS_ElenaSavushkina.ppt 2007SS_IrakliGogatishvili.ppt 2007SS_MartinKubicek.ppt 2007SS_RysavaGaleotti.ppt 2007WS_ElisaGaleotti.ppt 2007WS_EvaRysava.ppt 2007WS_IrakliGogatishvili.ppt 2007WS_PetrJakubik.doc 2007WS_PetrJakubik.ppt 2007WS_PetrTeply+RadovanChalupka.pdf 2007WS_TomasVaclavik.pdf 2008SS_EvaRysava.ppt 2008SS_IbrahimAwad.pdf 2008SS_IrakliGogatishvili.ppt 2008SS_JiriPodpiera+MarieRakova.pdf 2008SS_PavelDolezel.ppt 2008SS_RadovanChalupka.pdf 2008WS_HanaBartunkova.ppt 2008WS_JanSlavicek.ppt 2008WS_JurajKopecsni.ppt 2008WS_PetrJakubik.ppt 2008WS_Tomas Vaclavik.pdf 2008_JiriNovak.pdf 2009SS_JakubSeidler_PetrJakubik.pdf 2009SS_JanSlavicek.pdf 2009SS_KamilaKoprnicka.pdf 2009SS_KamilaKoprnicka2.pdf 2009SS_MilanRippel.pdf 2009SS_VeronikaBerankova.pdf 2009WS_FarkhodKholbutayev.ppt 2009WS_JakubMikolasek.pdf 2009WS_KarelBata.ppt 2009WS_MilanRippel.pdf 2009WS_PetraBenesova.pptx 2009WS_PetraKolouchova_PetrJansky.pdf 2010SS_AndreaPokorna_TomasVylezik.pptx 2010SS_JanaChvalkovska_KatarinaMarkova.pdf 2010SS_MichaelPrinc.pdf 2010SS_MilanRippel.pdf 2010SS_MilanRippel.pptx 2010SS_OksanaMelikhova.ppt 2010SS_PetrJansky.pdf 2010WS Chvalkovska Jana 2010WS Dozsa Martin 2010WS Melikhova Oksana 2010WS Petra Kolouchova, Katarina Markova 2010WS Princ Michal, Rippel Milan 2010WS Šolc Jan, Janský Petr 2010WS Zdenek Kudrna 2011SS Buzková Šopov paper 2011SS Buzková Šopov pre 2011SS Dozsa Martin 2011SS Karel Báťa - paper 2011SS Karel Báťa - presentation 2011SS Klimešová, Václavík, Vyležík 2011SS Michael Princ 2011SS Mikolášek 2011WS Adrian Babin 2011WS Barbora Svárovská 1 2011WS Barbora Svárovská 2 2011WS Gleta 2011WS Gleta 1 2011WS Gleta 2 2011WS Jan Šolc 2011WS Jánský, Rippel 2011WS Jasova 2011WS Kruchynenko 2011WS Martin Dózsa 2011WS Princ 2012SS Babin, Kruchynenko 2012SS Jánský, Adam 2012SS Klimešová, Slabá 2012SS Šopov 2012SS Svárovská 1 2012SS Svárovská 2 2012SS_Karel_Báťa_1 2012SS_Karel_Báťa_2 2012WS Dozsa 2012WS Horvath_Vasko_paper 2012WS Horvath_Vasko_pres. 2012WS Jánský Ivo 1 2012WS Jánský Ivo 2 2012WS Lebovic 2012WS Mikolášek 2012WS Serdarevic 2012WS Soudek 2012WS Svárovská 2012WS Vokatá 2013SS Babin 2013SS Buzková - paper 2013SS Buzková - presentation 2013SS Chvalkovská 2013SS Čornanič 2013SS Dozsa Martin 2013SS Janský 2013SS Jánský - paper 2013SS Jánský - prezentation 2013SS Kruchynenko - paper 2013SS Kruchynenko - presentation 2013SS Lypko 2013SS Mikolášek 2013SS Princ 2013SS Serdarevic - paper 2013SS Serdarevic - prezentation 2013SS Vokatá scheduleSS0607.csv scheduleSS0708.xls scheduleSS0910.xls scheduleWS0506.csv scheduleWS0607.csv scheduleWS0708.xls scheduleWS0809.xls scheduleWS0910.xls |