LEF 2023
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Browsing LEF 2023 by Author "Benetti, Karina"
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- ItemCorrelation of Indicators of Development in the Insurance Market in the Czech Republic, Slovak Republic and the EU Average(Technická Univerzita v Liberci, ) Benetti, Karina; Izáková, Katarína; Khalil, Dalia; Ekonomická fakultaIn 2004 the Czech and Slovak Republics became part of the European Union, which brought many changes influencing the financial markets, including the insurance industry. Czech, Slovak, and European markets are constantly evolving, and they respond to the changes in the environment in which they operate. Given these facts, the paper focuses on analysing the interdependence of the insurance market in the Czech Republic, Slovak Republic, and the EU insurance market (the EU average) and on identifying the conditions of this dependence. The successfully functioning financial sector has a significant positive impact on economic growth; for this reason, the paper will pay attention to the issue of how insurance influences economic growth. To capture the insurance market, many insurance indicators can be used, among which are, in particular, gross premiums written, insurance penetration and density. In comparing the development of the insurance market in the Czech Republic, Slovak Republic and other European countries or the EU average, it is necessary to select the appropriate indicator given. The development of the global insurance market and the individual insurance markets is influenced not only by events in the world economy (economic development, development of the financial markets, the impact of economic or financial crisis), but it is also influenced by many factors that can be divided into two groups according to how on the insurance market act. In our article, we will focus mainly on extrinsic factors. Data for the analyses were drawn from SwissRe (Sigma journal), Eurostat and OECD databases.
- ItemImpact of Monetary Policy Sustainability Indicators on Economic Growth in Transition to Inflation Targeting(Technická Univerzita v Liberci, ) Eshov, Mansur; Benetti, Karina; Ekonomická fakultaForeign experience in the transition to inflation targeting has been studied empirically. The foreign experience shows that countries with inflation targeting regimes have not abandoned and have not returned to other alternative monetary regimes. This indicates that the inflation targeting regime has been successfully tested in practice. It should be noted that inflation targeting has led to new approaches to monetary policy targets. As a result, international economists and experts have started to research inflation targeting as a new path in the scientific arena. The aim of the study is the study is to investigate the influence of indicators of monetary policy stability of Uzbekistan on economic growth using various economic-mathematical models. In the paper was investigated the impact of Uzbekistan's monetary policy stability indicators on economic growth by using four criteria from the 4×2 matrix model in 2011–2020. Based on obtained results, the Phillips-Perron and extended Dickey-Fuller tests determine whether variables are stationary. The long-term correlation between the variables is checked using the Johansen cointegration test. The results show that increases in bank capital adequacy, loan portfolio, money supply, and lower inflation help maintain macroeconomic stability. However, the rising volume of bank deposits and foreign currency appreciation against Uzbek sum hurts economic growth. In addition, liquidity ratio, state gold and foreign exchange reserves are insignificant and do not affect economic growth.