The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition

Our contribution focuses on the role of the exchange rate changes in the V4 countries during the transition process towards a market economy. Regarding the variety of exchange rate regimes implemented in the V4 countries at the start of the economic transition, we are especially interested in the degree of exchange rate pass-through to the domestic inflation in these countries. The respective countries followed different exchange rate strategies. The fixed exchange rate regime was applied in Czechoslovakia. Crawling peg was used in Hungary and Poland. And floating and fixed exchange rate with large band were applied in the new century. We have compared the impacts of the different exchange rate regimes on the price sta-bility during the transformation process. The effects were examined using country specific SVAR models and corresponding historical shock decompositions. We found out that the exchange rate indeed played important role in the price stability but the specific impact is highly individual

The role of exchange rate dynamics in Bulgaria and Romania in the process of economic transition

Our contribution focuses on the role of the exchange rate changes in Bulgaria and Romania during the transition process toward a market economy. We are interested in the degree of exchange rate pass-through to the domestic inflation in these countries. Both of the countries suffered from a high level of inflation and tried to fix their exchange rates in some of the periods. But they were forced to abandon it consequently and it was often followed by sharp depreciation. The goal of our contribution is to evaluate shock absorbing role of the exchange rate changes. We try to verify a traditional hypothesis that exchange rate adjustments are able to accommodate the shocks hitting the economy and to dampen their influence on the other macroeconomic variables. On the other hand, exogenous shocks in the foreign countries may affect exchange rate and lead to additional volatility of the main economic indicators in the domestic economy. This shock generating role of the exchange rate will be evaluated as well. We will use structural vector autoregression models identified by Cholesky decomposition

Vliv nadbetonování stropnic Hurdis vyplněných polyuretanovou pěnou na porušení stojin stropnic smykem

Import 26/09/2006Prezenční223 - Katedra stavebních hmot a hornického stavitelstv

Concretes with ternary binders - thinking about frost resistance

Web of Science2027

Longitudinal glued joints of timber beams and the influence of quality manufacturing onto their carrying capacity

The content of this article is to analyse destructive testing results of longitudinal solid wood joints of structural size beams with internal and external glued wood-based panels (plywood) stressed in bending, which was mostly focused on simulating the effect of the glued line thickness (1 and 3 mm) and the influence of contact surfaces of longitudinally connected elements when bending loads. The aim of this article is to compare the carrying capacity and the joint real behaviour under load with values obtained using numerical modelling and calculation according to valid standards.Web of Science61458157