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Institutional Arrangement of Financial Markets Supervision: The Case of the Czech Republic
Financial conglomerates Financial markets Financial supervision Integration of supervision
2016/1/26
The paper deals with institutional arrangement of financial supervision in the Czech Republic. Financial markets are composed of partial financial segments specialized in individual types of financial...
China is faced with three colossal tasks in the area of open macroeconomic reform: reform of exchange rate regime, capital movement liberalization and financial system reform. China is making preparat...
We will compare three types of prices, namely, rational (hedging) prices, geometric (growth rate) prices, and martingale (measure) prices. We will show that rational prices in the complete market theo...