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This study examines the question whether uncoordinated steps of some EU states changing their deposit insurance schemes in the middle of 2008 could have led to shift of deposits among EU countries. The paper deals with changes of the rules which were introduced at the end of year 2008, and concerns with the amended Directive on Deposit Guarantee Schemes. Empirical analysis concentrates on the impact of state guarantees on the deposit grow rate in individual states. In the final part, we discuss the consequences of recent development. Adapted from the source document.

This paper provides an institutional analysis concerning the current problems of the health care systems based on obligatory health insurance. In the beginning there are correctly defined & further described some particular principles creating the essence of the continental health care systems. Consequently, there are described two major consequences of asymmetric information: the principal-agency problem & the problem of adverse selection. Further to the definitions there are drawn conclusions for appropriate system reforms. Graphs. Adapted from the source document.

The paper presents a simple model of the future development of incomes and expenses of the old-age pension system in the Czech Republic (so called 1st pillar). The projection is based on the results of the latest available population projection published by the Czech Statistical Office in 2013. The expected number of employees (payers of the old-age insurance premium) is estimated on the basis of the sex and age structure of people in productive age and expected employment rates. All people at the age higher than retirement age are expected to receive old-age pension. The permanent increase of retirement age according to the present legislation is assumed. The computations show that the financial deficit of the old-age pension system would reach maximum values in the fifties when the numerous generations born in the seventies of the last century will reach the pension age. But in the last two decades of the present century the proportion of pensioners would be lower than at present times. Adapted from the source document.

Slovakia is one of the countries with the highest & fastest propensity to consume in sector of households. In the development of propensity to consume we can distinguish the period of forced increase in consumer preferences & the period of voluntary increase. The forced increase was a result of one-off shortfall in the gross disposable income or the catching-up process in consumption after previous restriction a year before. The voluntary intertemporal substitution in consumption was affected by the expansion of supranational retail chains, massive dwelling transfer to private property, starting-up of housing loans, development of mandatory & voluntary insurance, increase in the number of the self-employed. Household gains from holding & sales of fixed assets was an important factor of the increase in propensity to consume. Not only autenthical reasons but also impact of methodology can be identified in increased propensity. Graphs, References. Adapted from the source document.

Personal income taxation in the Czech Republic has undergone significant changes in the last 20 years. Among main changes is replacing of deductions from the tax base with tax credits in 2006, as well as linking income tax and contributions on compulsory insurance in the form of so-called super-gross wage with the simultaneous introduction of a flat tax rate and introduction of maximum assessment bases for compulsory contributions in 2008. In this paper, we quantify the fiscal impacts of significant changes using macroeconomic and microeconomic approaches. We compare the results within each other, but also with the expected fiscal impact stated in the explanatory reports of the amending laws. The results show good consistency in estimates of the fiscal impact of tax and contribution reforms and confirm four fiscally significant reforms from 2000 to 2018. The expected negative and positive effects of changes in income tax presented in the explanatory reports are generally lower than in our calculations. Improving the quantification of fiscal impacts is essential for the adoption of an efficient and rational tax policy.

The article deals with circumstances in which finance as a branch of study at the University of Economics, Prague (UEP) has been developed. Finance is taught both as a theoretical part of economic science and as a subject preparing students for practical work in the field of finance. Finance is one of the oldest branches existing at the UEP established at the same time as the University, in September 1953. At that time the soviet economic model was applied on the Czechoslovak economy including the field of finance. So the translations of soviet textbooks were used in addition to the Czech ones. In the sixties the problems in development of the Czechoslovak economy intensified and the necessity to strengthen the role of money in the economy was emphasized. This tendency reflected in the contents of teaching process. The period of normalization broke these efforts, but the teaching had never been completely restored to the position it had in the sixties. After 1989 the teaching concentrated on the role of finance in the conditions of market economy. Study program provides knowledge of the issues of financial markets, banking, insurance, national and local budgets and public finance. Adapted from the source document.