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Economic research bulletin (2009, No.2)
Česká národní banka
The first article in this edition, employing stress-testing procedures, assesses the determinants of the ability of Czech banks as compared to German ones to withstand credit and macroeconomic risks. The second article scrutinises the role of quality of banks’ management in bank failures, also testing whether there were differences between Czech-owned and foreign-owned banks. In the third article a modelling framework is proposed showing how the central bank’s knowledge of the health of the financial system could be used for the optimal conduct of monetary policy. The last article empirically examines developments in the integration of stock markets in the Czech Republic, Hungary, Poland and Slovakia vis-à-vis the euro area.
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