scholarly journals The EU Bank Resolution Framework: Institutional Changes of the Financial Safety Net in Poland and the Czech Republic

2019 ◽  
pp. 201-214
Author(s):  
Michal Janovec ◽  
Anna Jurkowska-Zeidler
Keyword(s):  
Czech Republic ◽  
Financial Market ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Current System ◽  
Safety Net ◽  
Legal Framework ◽  
The Czech Republic ◽  
Financial Safety Net ◽  
The Eu

In response to the global financial crisis, fundamental changes have been made at the European level to the legal framework of single financial market reg ulation and super vision. One of the significant legal steps was the establishment of a common system of recovery and resolution of failing banks. Within the framework of a systemic approach to the EU financial market, the article illustrates the steps taken towards the implementation of the resolution framework into domestic financial markets of Poland and the Czech Republic. The core content of the article is comparison of the role and location of the Polish and Czech resolution authorities in the architecture of the national safety net. The main aim of the contribution is to confirm or disprove a hypothesis that the legal framework of the resolution is a complementary element of financial safety net at the financial market, making it necessary to redefine the role of individual institutions that form the current system of ensuring financial stability in Poland and the Czech Republic. The scientific methods of analysis, synthesis, and comparison have been employed.

Dopady společné zemědělské politiky EU na české zemědělce v období 2014–2020

2021 ◽  
Author(s):  
Eliška Stromská ◽  
Dominika Tóthová ◽  
Katarína Melichová
Keyword(s):  
Czech Republic ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
Financial Stability ◽  
Agricultural Sector ◽  
The Czech Republic ◽  
The Common ◽  
Political Economic ◽  
The Impact ◽  
The Eu

The implementation of the Common Agricultural Policy of the EU in the Czech Republic brought many changes in the functioning and financing of agriculture in the Czech Republic with political, economic, and social impacts and many challenges and threats for Czech farmers. Since the Czech Republic acceded to the EU, the Common Agricultural Policy has been reformed several times. The aim of the article is to evaluate the impact of the Common Agricultural Policy on Czech farmers in 2014–2020. The evaluation is based on a qualitative survey among selected farmers in the Moravian-Silesian and Olomouc regions. The research results show that enterprises positively evaluate financial stability and the overall protection of the agricultural sector. Support for the diversification of agriculture and support for the investment was also highlighted. On the contrary, the administrative burden, great emphasis on cross compliance rules, differences in the payments in EU countries, reducing the competitiveness of Czech agriculture and unfavourable conditions for livestock farmers were assessed negatively.

scholarly journals Institutional Arrangement for Macroproprudential Policy – On Differences Across the EU Countries

2018 ◽  
Vol 21 (2) ◽  
pp. 37-49 ◽  
Author(s):  
Anna Matysek-Jędrych
Keyword(s):  
European Union ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Institutional Arrangement ◽  
Safety Net ◽  
The European Union ◽  
Macroprudential Policy ◽  
Eu Countries ◽  
European Union Countries ◽  
The Eu

There is a growing consensus among both economists‑academics and policymakers that there was at least one missing element of the financial safety net during the Global Financial Crisis. This element, which will probably improve financial stability (or protect against financial instability), is the macroprudential orientation in regulatory and supervisory frameworks. The main scope of the paper is the institutional dimensions of macroprudential policy. The principal purpose of the paper is to identify and assess, on a comparative, cross‑EU‑country basis, existing practices and developments in structuring a new dimension of the financial stability policy, i.e., a macroprudential one. The paper builds on existing theoretical considerations and the author’s own empirical survey of country practices in applying a macroprudential framework. A comparative, cross‑country analysis and a comparison of different sub‑indices and overall index values are the basis for verifying hypotheses and empirically disentangling the institutional differences between macroprudential policy regimes in European Union countries. The paper sheds light on recent trends in macroprudential policy governance and qualitative aspects (democratic accountability and transparency), with special attention to the position of a central bank across the European Union countries. The conducted research is a basis for constructing ratings of macroprudential authority accountability and transparency across the EU countries, which gives an indication of the overall quality of the institutional arrangements.

scholarly journals A Model of Vignette for Motor Vehicles in the Czech Republic

2020 ◽  
Vol 11 (1) ◽  
pp. 5-20
Author(s):  
Břetislav Andrlík ◽  
Lucie Zborovská
Keyword(s):  
Czech Republic ◽  
Current System ◽  
Motor Vehicles ◽  
Commercial Vehicles ◽  
Passenger Cars ◽  
Current Application ◽  
The Czech Republic ◽  
Legal Standards ◽  
Proposed Model ◽  
The Eu

This article examines the fees applied to vehicles of the maximum weight of 3.5 t based on time. It focuses on the analysis of the current application of time-based fees in individual countries of the EU. This analysis is carried out as a supporting tool serving the design models available in the Czech Republic. The goal of the contribution is designing a new model of time-based pricing of road motor vehicles in the territory of the Czech Republic. The contribution also includes the analysis of legal standards regulating the issue in the Czech Republic and in the EU countries; the analysis only deals with EU legal standards that directly address the area. The outcome of the contribution is a constructed model of a time-based fee, based on pre-defined assumptions, which were determined by needs ensuing from the current conditions that affect the operation of chargeable passenger cars and light commercial vehicles. In conclusion, a comparison of receipts from the current system of time-based fees with receipts resulting from the proposed model of time-based fees for the Czech Republic is made. The results shown in Table 6 show that the application of the newly defined time-based fee model in the Czech Republic leads to increased public budget revenues by 3.14%, ie by CZK 149.262 million in absolute terms.

scholarly journals Legal Framework for Cooperation of Municipalities in the Conditions of the Czech Republic

Auspicia ◽  
2021 ◽  
Vol XVIII (1) ◽  
pp. 52-64
Keyword(s):  
Czech Republic ◽  
Interest Groups ◽  
Spatial Arrangement ◽  
Legal Framework ◽  
Legal Form ◽  
The Czech Republic ◽  
Fragmented Structure ◽  
Private And Public ◽  
Legislative Changes ◽  
The Eu

In 1990, there was a "renewal" of local self-government in the Czech Republic and other legislative changes took place that strengthened the powers of municipalities and allowed them to develop completely new forms and ways of cooperation, such as microregions, joint participation in business corporations and interest groups of legal entities (associations), etc. The activities of the Union of Towns and Municipalities of the Czech Republic were also renewed. The entire 1990s are marked by the emergence of new regional and national cooperation structures, with further acceleration coming in connection with the accession of the Czech Republic to the EU in 2004. Late 2010s are connected with strengthening relations between the private and public sectors, or with the division of existing forms of cooperation, due to which municipalities now have a fragmented structure of more than 20 possible ways of cooperation with other municipalities. However, in individual areas of the Czech Republic, this cooperation has different intensity, spatial arrangement and, of course, also different legal form, the historical genesis of which is mapped in this paper.

scholarly journals Entry Into the Common Market of the European Union in Terms of Czech Republic’s Foreign Trade with Dairy Products

2018 ◽  
Vol 66 (2) ◽  
pp. 605-616 ◽  
Author(s):  
Ivo Zdráhal ◽  
Věra Bečvářová
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Foreign Trade ◽  
Dairy Products ◽  
Business Environment ◽  
Common Market ◽  
Milk Product ◽  
The European Union ◽  
The Czech Republic ◽  
The Eu

The aim of the paper is to evaluate the development of the Czech foreign trade in milk and milk products and specify the typical features and consequences within its territorial and commodity structure using a specific system of indicators intended to show a relevant image on the topic. The analysis covers the period between 1999 and 2015 and are interpreted in the context of changes of the business environment that have occurred in the last two decades, particularly in relation to the Czech Republic’s entry into the European Union. Throughout the studied period, the Czech Republic revealed a positive balance of trade in milk and dairy products, as well as favourable values of TC index (value of coverage of import by export). The dynamics of the territorial structure of export and import is embodied in the overall trade dynamics between the Czech Republic and countries of EU-28. The Czech Republic’s entry into the EU common market, however, led to a change in the trading milk product structure. As a negative is regarded the fact that the structure of Czech export to the EU countries has changed and that is mainly concentrated on basic raw milk or dairy products of the first phase of processing with relatively low added value.

scholarly journals Food Self Sufficiency in Selected Crops in the Czech Republic and Poland

2014 ◽  
Vol 62 (6) ◽  
pp. 1329-1341 ◽  
Author(s):  
Pavel Kotyza ◽  
Josef Slaboch
Keyword(s):  
Czech Republic ◽  
National Security ◽  
Crop Production ◽  
The Self ◽  
Critical Limit ◽  
Internal Factors ◽  
The Czech Republic ◽  
Domestic Production ◽  
Self Sufficiency ◽  
The Eu

Being a member of the EU, today the Czech Republic is not entirely dependent on domestic production of food and farming commodities. Since borders inside the EU are open, particular commodities can flow without any tariff measures. But food self-sufficiency belongs to internal factors of national security and therefore it deserves sufficient attention. The aim of this article is to evaluate, based on an analysis, the self-sufficiency rate of the Czech Republic and Poland in selected commodities of crop production between marketing years 2000/2001–2009/2010, with special attention to the most important and cultivated commodities – basic cereals, oilseeds, corn and potatoes. Based on analyses of self-sufficiency rate it can be concluded, that both countries can be considered as stabilised with restpect to rate of self-sufficency of selected crops – none of the presented groups falls under 80%. For most described commodities the trend of self-sufficiency rate in the Czech Republic and Poland is stabilised or growing. Only production of potatoes is coming close to critical treshhold in CZ, therefore national strategies should be put in place to maintain the self-sufficiency rate above the critical limit. After an analysis of internation trade it can be concluded that the Czech Republic is specialised exporter of not-processed commodities but country significantly falls behind Poland in competitiveness of processing of commodities.

scholarly journals Strategic development of varietal vineyards in the Czech Republic

2012 ◽  
Vol 60 (2) ◽  
pp. 325-334 ◽  
Author(s):  
Jiří Sedlo ◽  
Pavel Tomšík
Keyword(s):  
Czech Republic ◽  
Vitis Vinifera ◽  
Future Development ◽  
Production Potential ◽  
Strategic Development ◽  
The Czech Republic ◽  
Current Production ◽  
External Sources ◽  
Being There ◽  
The Eu

The paper describes strategic changes in the structure of grapevine (Vitis vinifera L.) varieties grown in the Czech Republic. In 2004–2005, (i.e. after the admission of the Czech Republic into the EU) expenditures associated with restructuralisation and transformation of vineyards amounted for CZK 25,423 thous. The authors examine the development taking place in this domain within the last 50 years (i.e. from 1960 to 2010) and pay detailed attention to the period of 1989 to 2010. The paper analyses reasons of these changes and tries to describe the future development expected after 2010. The current production potential of the Czech Republic are 19,633.45 hectares of vineyards. For the time being, there are in average 1.07 wine growers per hectare of vineyards. As compared with 1960, the acreage of vineyards has doubled up and the number of the most frequent varieties has also increased. Within the period of 1989–1990, four varieties (i.e. Müller Thurgau, Green Veltliner, Italian Riesling and Sankt Laurent) occupied more than 60 % of the total vineyards area in the Czech Republic, whereas at present there are altogether 8 varieties (Müller Thurgau, Green Veltliner, Italian Riesling, Rhein Riesling, Sauvignon, Sankt Laurent, Blaufrankish, and Zweigeltrebe) at the nearly the same acreage.As far as the percentages of Müller Thurgau, Green Veltliner, Italian Riesling and Sankt Laurent varieties is concerned, it is anticipated that their acreages will further decrease, whereas those of Rhein Riesling, Sauvignon, Blaufrankish and Zweigeltrebe are expected to grow. The industry is under pressure of all Porter’s five forces of competition from external sources.

How the Hard Right “Europeanized” Homosexuality

2018 ◽  
pp. 57-83
Author(s):  
Conor O'Dwyer
Keyword(s):  
Content Analysis ◽  
Czech Republic ◽  
Eu Accession ◽  
Quantitative Content Analysis ◽  
Lgbt Rights ◽  
The Czech Republic ◽  
Electoral Success ◽  
Lgbt Issues ◽  
Accession Process ◽  
The Eu

This chapter presents a framework for understanding the consequences of hard-right electoral breakthrough for the framing of homosexuality and LGBT rights. It begins by describing the extant framings of homosexuality under late communism in Poland and the Czech Republic. It then compares how the differing electoral success of hard-right political parties over the course of the EU accession process led to differing degrees of reframing homosexuality in both countries. In Poland, hard-right mobilization transformed the framing of LGBT rights by linking them with EU accession, which it portrayed as a threat to national identity. Because the Czech Republic did not experience hard-right backlash, the predominant framing of LGBT rights did not become as closely identified with the EU. The final part of the chapter moves from framing contests to frame resonance by presenting a quantitative content analysis of LGBT issues in both countries’ press from 1990 through 2012.

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