2014
The hysteresis erosion of the discount rate control potential in CR conditions – behavioral solution
KALOUDA, FrantišekZákladní údaje
Originální název
The hysteresis erosion of the discount rate control potential in CR conditions – behavioral solution
Název česky
Hysterezní eroze regulačního potenciálu diskontní sazby v podmínkách ČR - behaviorální řešení
Název anglicky
The hysteresis erosion of the discount rate control potential in CR conditions – behavioral solution
Autoři
KALOUDA, František (203 Česká republika, garant, domácí)
Vydání
Ostrava, ČR, Managing and Modelling of Financial Risks (Řízení a modelování finančních rizik), od s. 329-335, 7 s. 2014
Nakladatel
VŠB - Technická universita Ostrava
Další údaje
Jazyk
čeština
Typ výsledku
Stať ve sborníku
Obor
50200 5.2 Economics and Business
Stát vydavatele
Česká republika
Utajení
není předmětem státního či obchodního tajemství
Forma vydání
tištěná verze "print"
Kód RIV
RIV/00216224:14560/14:00077131
Organizační jednotka
Ekonomicko-správní fakulta
ISBN
978-80-248-3631-7
Klíčová slova česky
Modelování - diskontní sazba - hysterezní eroze - regulační potenciál - behaviorální finance
Klíčová slova anglicky
Modeling-discount rate-hysteresis erosion-regulating potential-behavioral finance.
Příznaky
Mezinárodní význam, Recenzováno
Změněno: 11. 5. 2015 15:37, Ing. František Kalouda, CSc., MBA
V originále
The paper of interdisciplinary nature is focused to the modeling of interest rate risk at the strategic level of the banking system of the Czech Republic, taking into account the relations between the central bank (discount rate) and commercial banks (market interest rates). The aim of this paper is to present and explain the loss mechanism of control potential of the discount rate as the manipulated variable (u(t)) in process of the market interest rate regulation. The cause of the discussed loss is hysteresis-type nonlinearity, which the Czech banking system has exhibited, while the commercial banks themselves act as linear subsystem (static characteristics). The novelty of the paper consist mainly in the fact, that primarily cybernetic problem (failure of feedback control system) is solved by using the methodology of the behavioral finance.
Anglicky
The paper of interdisciplinary nature is focused to the modeling of interest rate risk at the strategic level of the banking system of the Czech Republic, taking into account the relations between the central bank (discount rate) and commercial banks (market interest rates). The aim of this paper is to present and explain the loss mechanism of control potential of the discount rate as the manipulated variable (u(t)) in process of the market interest rate regulation. The cause of the discussed loss is hysteresis-type nonlinearity, which the Czech banking system has exhibited, while the commercial banks themselves act as linear subsystem (static characteristics). The novelty of the paper consist mainly in the fact, that primarily cybernetic problem (failure of feedback control system) is solved by using the methodology of the behavioral finance.
Návaznosti
| ROZV/24/ESF/2014, interní kód MU |
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