GACR 20-00178S - The impact of the normalisation of interest rates on risk management
| Principal investigator: | prof. PhDr. Petr Teplý Ph.D. |
|---|---|
| Collaborators: |
Mgr. Hana Džmuráňová Mgr. Petr Hanzlík doc. PhDr. Ing. Ing. Petr Jakubík Ph.D. Ph.D. Ing. Mgr. Barbora Štěpánková M.A., Ph.D. |
| Description: | In the immediate aftermath of the Global Financial Crisis in 2007-2009, we saw central banks around the world reduce monetary policy rates to very low levels, which sometimes included negative rates. These low rates have persisted for a particularly long period, and although, by 2019, some countries have moved to a normalisation of rates, rates continue to be remarkably low in a number of other countries. Within this normalisation, risk management models used by banks, insurers and valuation models of financial products are worthwhile to explore. The overall aim of this project is to contribute to both theoretical and empirical research on risk management of financial institutions during of the normalisation of interest rates. Moreover, we will propose new financial risk instruments. For better transparency, the project is divided into three overlapping parts: banks, insurance companies, financial derivatives. |
| Participation: | Prague University of Business and Economics, Czech Republic (Doc. Bohumil Stádník, Dr. Petra Jilková, Dr. David Slánský, Ing. Lukáš Fiala, Ing. Mikuláš Pýcha) University of Pardubice, Czech Republic (Doc. Liběna Černohorská, Doc. Jan Černohorský) Massey University, New Zealand (Prof. David Tripe) |
| Work in grant: | |
| Web link: | |
| Finance: | The Czech Science Foundation |
| End date: | 31.12.2022 |
| Publications: | An Alternative Assessment of Banks’ Risk in a Low Interest Rate Environment Early Warning System for the European Insurance Sector Factors Affecting Bank Loan Quality: A Panel Analysis of Emerging Markets Impact of Green Bond Policies on Insurers: Evidence from the European Equity Market Key Factors of the Net Interest Margin of European and US Banks in a Low Interest Rate Environment |
| Conferences: | The 22nd Annual Conference on Finance and Accounting, Czech Republic |
