scholarly journals Opened Problems Of The Application Of IAS 39 On Reporting Of Financial Derivatives In The Czech Republic

2011 ◽  
Vol 6 (2) ◽  
Author(s):  
Jiří Strouhal
Keyword(s):  
Exchange Rate ◽  
Czech Republic ◽  
Interest Rates ◽  
Stock Exchange ◽  
The United States ◽  
Financial Derivatives ◽  
Annual Reports ◽  
The Czech Republic ◽  
Unusual Phenomenon ◽  
The Moment

Although in the United States derivatives have been traded since around the middle of the nineteenth century, in the Czech Republic a derivative was an unknown term until lately or rather a term referring to someplace in an ununknown empire. The situation started to change roughly in the second half of nineties, when as part of macroeconomic shocks and government crisis in 1997 when interest rates increased significantly and the Czech crown devaluated from day to day. At that time, companies felt, for the first time ever, how heavy impact an unexpected and not counted on change of market conditions may have on them. From 2001 to 2004, another unusual phenomenon occurred which shook the business sector; should a prophet predicted it at the end of the nineties, he would probably be clamed to be crazy. The exchange rate of dollar against crown dropped from over 40 CZK/USD to 20 CZK/USD. Companies that made contracts with their customers in dollars but with suppliers in crowns bore a great exchange rate risk and they frequently paid a lot when dollar dropped. At the moment we also have to mention world prices of oil and oil products which rocketed so high that nobody could have expected it several years ago. This paper focuses on the comparison of reporting of the derivatives using IFRS in comparison with the Czech accounting legislature by the companies listed on the Prague Stock Exchange (PSE). Study draws the attention to check the differences in reporting of derivatives and also compares their qualitative advantages. Results of this study are based on the analysis of annual reports of the companies listed on the PSE. Any of analyzed companies didnt allow all of the requirements of IFRS on reporting of the financial derivatives.

scholarly journals Fluxo de Capital Estrangeiro e Desempenho do Ibovespa

2006 ◽  
Vol 4 (1) ◽  
pp. 79
Author(s):  
Roberto Meurer
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Exchange ◽  
The United States ◽  
Country Risk ◽  
The Other ◽  
Stock Index ◽  
Foreign Investors ◽  
The Difference ◽  
Domestic Companies

In this paper it is discussed and empirically tested the influence of foreign investors flow of resources on the Ibovespa index of the Sao Paulo Stock Exchange from January 1995 to july 2005. Other important variables are considered in the test, including a stock index of the United States, internal and external interest rates, the markets liquidity, exchange rate and country risk. The foreign influence is measured by the difference between the purchases and sells of foreign investors in the market of their participation in the Brazlian market capitalization. The effect of the inflow of resources was not detected straightly, but through an increase of the liquidity, what is compatible with the hypothesis that the foreign investors represent an increase of the base of stockholders of the domestic companies. The inflow of resources, on the other hand, anticipates the behavior of index. Country risk, exchange rate and liquidity of the market were important to explain variations of the Ibovespa.

“Floating Melodies and Memories” of the Terezín Memorial

Transfers ◽  
2016 ◽  
Vol 6 (2) ◽  
pp. 138-141
Author(s):  
Chia-ling Lai
Keyword(s):  
United States ◽  
Czech Republic ◽  
The United States ◽  
Concentration Camp ◽  
Dark Tourism ◽  
The Czech Republic ◽  
Will To Live ◽  
Worldwide Phenomenon ◽  
The Will ◽  
Musical Heritage

As Andrea Huyssen observes, since the 1990s the preservation of Holocaust heritage has become a worldwide phenomenon, and this “difficult heritage” has also led to the rise of “dark tourism.” Neither as sensationally traumatic as Auschwitz’s termination concentration camp in Poland nor as aesthetic as the forms of many modern Jewish museums in Germany and the United States, the Terezín Memorial in the Czech Republic provides a different way to present memorials of atrocity: it juxtaposes the original deadly site with the musical heritage that shows the will to live.

scholarly journals School injuries and their prevention from the present perspective

2021 ◽  
Vol 13 (1) ◽  
pp. 45-53
Author(s):  
VACLAV BERANEK ◽  
PETR STASTNY ◽  
VIT NOVACEK
Keyword(s):  
Czech Republic ◽  
School Environment ◽  
Primary Schools ◽  
Annual Reports ◽  
The Czech Republic ◽  
Primary Level ◽  
Children And Young Adults ◽  
The Subject ◽  
Presentation Methods ◽  
Significant Health

Background: ‪Injuries are considered worldwide to be the most significant health problem, especially in childhood. In the Czech Republic, injuries are the most common cause of death among children and young adults. The aim of the study was to provide more insight in school accidents in the Czech Republic from 2008 to 2018 and to estimate future trends. Material and methods: ‪Annual reports of the Czech School Inspectorate (CSI) from 2007 to 2017 were the main sources of data. Results: ‪A high number of injuries occur in the school environment, especially at the primary level. In the Czech Republic, there has been a trend of rising numbers in reported school injuries over the last three years, from 33,000 in 2008 to 46,000 in 2018. Over the last 5 years, the number of reported accidents has increased by 1,000 per year. The most injuries occur in primary schools, within the subject Physical Education. Conclusions: ‪There are many activities which focus on the prevention of child injuries, the incidence of which has improved in recent years. Experience shows that when prevention programs include innovations and interesting presentation methods, they are successful.

scholarly journals Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic

2018 ◽  
Vol 18 (4) ◽  
pp. 371-385
Author(s):  
Veronika Kajurová ◽  
Dagmar Linnertová
Keyword(s):  
Monetary Policy ◽  
Czech Republic ◽  
Interest Rates ◽  
Corporate Investment ◽  
Manufacturing Firms ◽  
Investment Activity ◽  
The Czech Republic ◽  
Low Interest Rates ◽  
Negative Effect

Abstract The aim of the paper is to evaluate the effects of loose monetary policy on corporate investment of manufacturing firms in the Czech Republic during the period between 2006 and 2015. The main focus of the paper is on the effect of low interest rates on investment activity of Czech firms; additionally, the effects of interactions between interest rate and other firm-specific variables are investigated. The results indicate that corporate investment is positively associated with firm size, investment opportunities, and long term debt. Also, a negative effect of the cash position is found. Further, the findings show that monetary policy is a significant determinant of firm investment activity: when the monetary policy is loose, investment is positively affected. Furthermore, differences in the determinants of investment between highly and low leveraged firms were revealed.

scholarly journals Pengaruh Tingkat Suku Bunga, Inflasi Dan Nilai Kurs Terhadap Harga Saham Perusahaan Perhotelan Yang Terdaftar Di Bursa Efek Indonesia Per Triwulannya Periode 2016-2018

2021 ◽  
Vol 4 (2) ◽  
pp. 871-877
Author(s):  
Rahmat Dewa Bagas Nugraha ◽  
H.M Nursito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Study ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ratio Analysis ◽  
The Interest Rate

This study aims to determine and analyze the factors that affect stock prices through appropriate ratio analysis. As for the ratio of interest rates, inflation and exchange rates. Researchers want to know and analyze the effect partially or simultaneously between interest rates, inflation, and exchange rates on stock prices. This research is a quantitative study using secondary data. The object of this research is hotel companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 3 hotel with certain characteristics. The results of research simultaneously using the F test show that there is no influence between interest rates, inflation and exchange rates on stock prices because the calculated value is smaller than the table. Partially with the t test it can be concluded that there is no influence between interest rates on stock prices because the tcount value in the interest rate variable is smaller than the t table. Likewise, the t calculation of inflation and the exchange rate is smaller than the t table, so that there is no partial effect of the two variables on stock prices. Keywords: Stock Prices, Interest Rates, Inflation and Exchange Rates

scholarly journals Impact of Air Pollution on the Health of the Population in Parts of the Czech Republic

2020 ◽  
Vol 17 (18) ◽  
pp. 6454
Author(s):  
Radim J. Sram
Keyword(s):  
Air Pollution ◽  
Czech Republic ◽  
Environmental Protection Agency ◽  
Power Plants ◽  
Local Heating ◽  
The United States ◽  
Respiratory Morbidity ◽  
Surprising Result ◽  
The Czech Republic ◽  
The Impact

Thirty years ago, Northern Bohemia in the Czech Republic was one of the most air polluted areas in Europe. After political changes, the Czech government put forward a research program to determine if air pollution is really affecting human health. This program, later called the “Teplice Program”, was initiated in collaboration with scientists from the United States Environmental Protection Agency (US EPA). This cooperation made possible the use of methods on the contemporary level. The very high concentrations of sulphur dioxide (SO2), particulate matter of 10 micrometers or less (PM10), and polycyclic aromatic hydrocarbons (PAHs) present in the air showed, for the first time, the impact of air pollutants on the health of the population in mining districts: adverse pregnancy outcomes, the impact of air pollution on sperm morphology, learning disabilities in children, and respiratory morbidity in preschool children. A surprising result came from the distribution of the sources of pollution: 70% of PM10 pollution came from local heating and not from power plants as expected. Thanks to this result, the Czech government supported changes in local heating from brown coal to natural gas. This change substantially decreased SO2 and PM10 pollution and affected mortality, especially cardiovascular mortality.

scholarly journals Selected regional geographical differences of the Czech Republic agriculture, after the transformation processes

2012 ◽  
Vol 50 (No. 5) ◽  
pp. 207-216 ◽  
Author(s):  
A. Věžník ◽  
L. Bartošová
Keyword(s):  
Czech Republic ◽  
Regional Development ◽  
Fundamental Problem ◽  
Free Market ◽  
Agricultural Policies ◽  
Geographical Differences ◽  
Regional Productivity ◽  
The Czech Republic ◽  
The Social ◽  
The Moment

Transformation of Czech agriculture led to significant changes, which were mirrored in the crystallisation of rather large territorial differences. Clear regional disproportions are a fundamental problem for the state as a whole, therefore, it is important to provide aid for the regions that lag behind in economic development by introducing sensible regional policies. This situation is still more complicated in agriculture, as this transformation to  free market economy results in the unequal regional development in relation to  natural environment,  regional traditions and the level of rural settlement in addition to the phenomena such as price liberalisation  and the flow of goods, capital and population, among other. At the moment, the principal aims of regional agricultural policies are the preservation of regional productivity, the settlement of problematic and endangered regions and the support of a balanced regional development. The primary goal of this article is to indicate some of the largest regional differentiations in the agriculture of the Czech Republic. The purpose is to give an increased consideration to the restructuring of agricultural production, the environment and the social and general economic milieu in which it is located

scholarly journals Is Information Power? Comparing Anonymous and Open Egg Donation

2017 ◽  
Vol 22 (2) ◽  
pp. 130-141 ◽  
Author(s):  
Amy Speier
Keyword(s):  
United States ◽  
Czech Republic ◽  
Assisted Reproductive Technologies ◽  
The United States ◽  
Reproductive Technologies ◽  
Fertility Treatment ◽  
Egg Donation ◽  
Gamete Donation ◽  
The Czech Republic ◽  
Egg Donor

Both the Czech Republic and the United States are destinations for cross-border reproductive travellers. For North Americans, including Canadians, who opt to travel to the Czech Republic for IVF using an egg donor, they are entering a fertility industry that is anonymous. This makes the Czech Republic different from other European countries that necessitate open gamete donation, as in Austria, Germany and the United Kingdom. For reproductive travellers coming to the United States for fertility treatment, there is a wider menu of choices regarding egg donation given the vastly unregulated nature of the industry. More recently, professionals in the industry are pushing for ‘open’ egg donation. For intended parents traveling to either location seeking in vitro fertilization using an egg donor, they must choose whether or not to pursue open or closed donation. As pre-conception parents, they navigate competing discourses of healthy parenting of donor-conceived offspring. They must be reflexive about their choices, and protective when weighing their options, always keeping their future child's mental, physical and genetic health in mind. Drawing from ethnographic data collected over the course of six years in the United States and the Czech Republic, this paper will explore both programs, paying special attention to the question of how gamete donation and global assisted reproductive technologies intersect with different notions about healthy pre-conception parenting.

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