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Stress testing the Czech banking system: Where are we? Where are we going?
Čihák, Martin ; Heřmánek, Jaroslav
This note summarizes the various outputs from the CNB research project Stress Testing for Banking Supervision. The note describes the current status of the project by presenting the latest stress test results and by comparing the methodology of these tests with those presented by other central banks. Finally, the note suggests further steps to improve the stress testing program at the CNB, such as strengthening credit risk modeling, including by engaging commercial banks in the exercise.
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Designing stress tests for the Czech banking system
Čihák, Martin
The note discusses key issues involved in designing a suitable set of stress tests for the Czech banking system. The aim of the note is to propose stress tests that could be used by the Czech National Bank on a regular basis to assess the soundness of domestic banks, both for purposes of macroprudential surveillance and for banking supervision.
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Stress testing: a review of key concepts
Čihák, Martin
The note is a review of the literature on the quantitative methods used to assess the vulnerabilities of financial systems to risks. In particular, the author focuses on the role of system-wide stress testing. He summarizes the recent developments in the literature, highlighting topics relevant for the Czech case. He presents the key concepts relating to systemwide stress tests, overviews the stress tests performed by central banks and international financial institutions, and discusses conceptual issues relating to modeling of individual risk factors.
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Price convergence: What can the Balassa-Samuelson model tell us?
Holub, Tomáš ; Čihák, Martin
The paper provides a theoretical reference point for discussions on adjustments in price levels and relative prices. The authors present a “nested” model integrating the Balassa–Samuelson model of the real equilibrium exchange rate with a model of accumulation of capital and with the demand side of the economy. Consequently, they show how the model can be generalised to a case of numerous commodities with different degrees of tradability.
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Preciousness of Discarded Objects, that is Rubbish, as a Material for Film, Photography,Animation
Tomić, Miloš ; Čihák, Martin (advisor) ; Bregant, Michal (referee) ; Kaplický, Martin (referee)
This work, with a short view on the consumers society and mostly throughout visual arts, will try to give answer to the question: wheather art can turn over the relations between men and object, and object and rubbish. And relations between people.
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Pablo. G. del Amo - editing fragments
Toupalová, Kristýna ; Čihák, Martin (advisor) ; Trajkov, Ivo (referee)
The thesis is an imaginary film which adopts the structure of Carlos Saura?s movie Elisa, vida mía (Elisa, my life, Spain 1976). Main ?characters? are the editor Pablo G. del Amo, the directors Carlos Saura and Víctor Erice and the producer Elías Querejeta, all of whom have left a profound trace on the history of Spanish cinema in the second half of the 20th century. However, my film is confined to the period between 1965 and 1976, marking the beginning of their collaboration. They aimed to shoot authorial movies, to reach certain continuity of the work and to comment as much as possible on the political situation ? this was the period when General Franco?s regime was almost over. Another aim of Querejeta?s production was to draw out discerning viewers, i.e. to prove that such an audience already existed.
Elisa, my life, Saura?s most personal film, closes one period of work of all the ?characters?, and marks a certain turning point. Elisa leads my film through its work with space-time and motives to tell about the chosen period and films from certain points of view. Structuring my thesis on a film enables me to work with different kinds of materials: historical facts, contemporary press, film analyses and autobiographical information. This creates different mutually intertwining lines. The story of Pablo G. del Amo?s life is so essential for his decision to dedicate his entire life to cinema, that several sequences have been devoted to him. My film should provide the same reminiscent approach characteristic of the researched material. The theme of memory gives impulses to the characters to move in space and time, to their childhood, imagination and dreams. Memory ? personal as well as of the whole society ? is understood not only by means of remembering, but also of intentional forgetting.
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Narrow format at eight
Procházka, Jiří ; Daňhel, Jan (advisor) ; Čihák, Martin (referee)
The topic of my thesis is 8 mm film strip with pictures. David among Goliaths. The goal is not the
rehabilitation of the smallest film material, nor is it its defense. The reason is much simpler, even
selfish. I am sick. I see only pixels, mega screens, chips, noise, aliasing, blooming. I hear only bits,
bytes, tera processors, encryptions, compressions. I feel cold and smell stench, I fear death. This
work is my therapy. It aims to reduce mental pains from cancer inducing binary system, killing the
image of light fertilized by angels. Our session consists of seven comprehensive chapters, which we
experience together. Some are lectures, others require your cooperation. We meet predecessors of
eight millimeter squirt, we will talk about his possibilities and limitations, we will compare him
with his half-brother bastard digital. We will stretch our ears to the wisest counselors from the list of
theorists and experienced practitioners. Therapeutic talk will finish with a good night story from the
highly competent author. We will not unduly deal with and dissect historical dates, names or events.
Facts are here distributed as silver in a sensitive emulsion. If you, inquisitive reader, find some bits
and pieces attractive or interesting, pick one of the books that are listed at the end. There you can
find answers to your questions. Your own search will be spiced up by more than mere list of
information which I could provide you in these lines. And if that happens, my work was not in vain.
Even I have walked that path, and perhaps under the influence of the smell of old books, under the
weight of their yellowed pages, leather bindings with gilt letters, writings in Old Czech language, I
dared to mate this language with the hairiness of my own language. Quotes are mentioned in the
original version, in case I attempt a free verse, I play with words and letters, as each can play with a
narrow format.
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