Financial markets 2023

The role of central banks in a high inflation environment

Conference

The Department of Finance at the University of Finance and Administration (VŠFS)  had the honour of hosting the 11th International Scientific Conference

Financial markets 2023: The role of central banks in a high inflation environment

Date

May 30 - 31 2023

​Poster, 5.2 MB

Call for papers

Format of the conference: hybrid (online and on-side as well)

Proceedings of the Conference

​Proceedings of the Conference, 4.7 MB

Concept of the conference

The conference will focus on the presentations and discussions regarding the dark and bright sides of inflation, price growth as a process, the role of central banks, the analysis of monetary policy, especially in the period of inflation growth, and the context of joining the European monetary union. Finally, the position of the central bank and the question of the independence of the Czech National Bank in the economy.

Conference topics

  •     Current trends in the development of the financial market in the EU
  • The current development of financial market regulation in the EU
  • Starting points and opportunities for small and medium-sized enterprises in terms of obtaining and strengthening investment resources from the specific capital market in the time of Covid.
  • Support of startups in the current situation.
  • Impacts of Brexit on the financial markets of EU member countries.
  • The impact of digitization on financial markets.
  • Analyses of financial market infrastructures in EU countries.
  • Evaluating the effects of inflation on financial stability, in the real economy and financial markets
  • Evaluating the effects of inflation on financial institutions
  • The role of central banks
  • Financial cycle phase considerations
  • Risk governance and control in the private and public sectors;
  • Finance, financial pricing, financial management;
  • Economics of employee benefits, pension plans;
  • Insurance and insurance regulation;
  • Currency market development and risks;
  • Venture risk management.
  • Financial cycle phase considerations
  • Evaluating the effects of inflation on financial stability, in the real economy and financial markets and financial institutions

Top reasons to join us:

Traditionally, we expect the conference to focus on several main areas of current theoretical and practical problems, e.g.:

  • Hybrid conferences have many advantages, including being affordable, practical, time-saving, and easily accessible (moreover, you can access every session of the conference).
  • Attending our conference will advance your personal growth and set a higher bar for others.
  • By networking, you can gain fresh insight on issues that are important to your research.
  • All of the materials given at the conference, including the conference proceedings, will be available online for free, giving the study the greatest chance to have a significant influence on the academic world.
  • Get into the right network. We bring together academics from various nations and provide them the opportunity to interact while also providing them with possibilities to expand their professional networks and fortify their bonds

The conference will be held under the auspices of the Governor of the Czech National Bank Aleš Michl, Ph.D. and the minister of finance ing. zbyněk stanjura

Submission of papers

The structure of a paper

The structure of a contribution for acceptance is binding, namely in the following form:

  • Title of the contribution
  • Name of the author and co-author(s) (without academic degree titles)
  • Abstract (explain here the aim of the contribution, the methodology and main results)
  • Keywords
  • JEL Classification
  • The text of the contribution (shall correspond to the structure of a scientific article: introduction, theoretical solutions, objectives and methodology, results, discussion, conclusion)
  • List of references
  • Particulars about author(s) (name including academic degree titles, workplace, e-mail address)
  • Language of the conference: English

A template of a contribution can be downloaded here:

​Template, 36 kB

Hybrid venue

You will receive the link to the MS Teams webinar a few days before the conference to your provided e-mail.

Conference proceedings and publication opportunities

Papers from the FT-2023 conference will again be published in a collection that will meet the registration requirements in Web of Science (Clarivate). The conference proceedings will be given an international standard book number (ISBN) and a library identifier (UDC).
All the participants will receive a certificate of participation. The conference proceedings will be available on the university web-site www.vsfs.cz/financialmarkets

Key deadlines and registration

Registration for the conference: HERE

Deadline for the registration: April 5, 2023

Deadline for the full paper submission: April 5, 2023

Deadline for notification of authors of accepted papers: May 15, 2023

Conference programme

1. DAY – May 30, 2023 Congress center VŠFS

+ online/ Link: https://shorturl.at/gjzG6

08.00 – 08.30 Participants registration
08.30 – 09.15

Opening of the Financial Markets 2023 conference

Assoc. Prof. RNDr. Petr Budinský, CSc., VŠFS, vice-rector for strategy and international relations
Assoc. prof. Ing. Eva Zamrazilová, Ph.D., CNB Deputy Governor
Keynote speaker
09.15 – 10.45

I. panel - The role of fiscal and monetary policy in a high inflation environment. Host:  Lenka Dupáková , Ph.D..

The panel will feature:
Assoc. prof. Ing. Zdeněk Tůma, CSc. – former governor of the CNB, current chairman of the ČSOB supervisory board
Tomáš Nídetzký - former deputy governor of the CNB, current director general of the National Development Bank
Prof. Michael G. Arghyrou, - State secretary at the Greek Ministry of Finance. (online)
Jan Skopeček, Ph.D. – Member of the Chamber of the Deputies of the Czech Republic
Vilém Valenta, Ph.D. - Senior team Lead Economist from European Central Bank
10.45 – 11.00 Coffee break
 11.00 – 12.00

II. panel. Host: Teymur Akhundov

The panel will feature:
Jiří Šindelář, Ph.D. - Chairman of the Board of Czech Association of Financial Consulting and Mediation Companies and Chief Executive Officer at MONECO investment company
Assoc. Prof. RNDr. Petr Budinský, CSc. - Member of the Board and Vice-rector at University of Finance and Administration
Jan Bureš - Chief Economist of Patria Finance
Marek Černoch - Executive Director ot Czech Association of Financial Consulting and Mediation Companies (ČASF)
12.00 – 13.00 Lunch
13.00 – 14.30

III. Workshop – ESG supervision and risk management. Host: Eva Kostikov, Ph.D.

The panel will feature:
Eduardo Pereiras Navas - Senior Manager, Banking Supervision at Malta Financial Services Authority (online)
Stacy Renecke – Senior Analyst, Banking Supervision at Malta Financial Services Auhority (online)
Jaroslav Volmut – Senior Risk management Analyst at Ernst and Young
Štěpán Hájek - Analyst of financial markets of X-Trade Brokers DM S.A
14.00 – 14.15 Prof. Dr. Alain Aimé Ndedi -  College of Entrepreneurship and Small Business Management, president, Cameroon, Nigeria (online)
Title: Framework in dealing with high inflation in Africa.
Keynote speaker
14.15 – 14.30 Andrej Hano – CEO of the Birdwingo,
Title: The Current Landscape of Retail Stock Investing in Europe: Examining the Causes of Limited Participation
Keynote speaker
14.30 – 14.45 Coffee break
14.45 – 15.00

I. Block. Congress center. Host: Eva Kostikov, Ph.D., Teymur Akhundov

Linus Holzmann - How do Machine Learning and Big Data affect the insurance sector
15.00 – 15.15 Felix Florian Balz - Examination of Macroeconomic Consequences of Real Estate Price Booms in a low-interest rate environment in Germany
15.15 – 15.30 PhDr.Ladislava Knihová, Ph.D., MBA - ESG As a Source of Innovations
15.30 – 15.45 Joanna Błach, Ph.D.  - Is European Union Policy for sustainable finance effective in driving corporate decarbonization in countries heavily dependent on fossil fuels? (online)
15.45 – 16.00 Jenna Huppertz - The Macroeconomic Effects of Private Equity and Venture Capital
16.00 – 16.15 Coffee break
16.15 – 16.30 Jan Vogt - Managerial market timing: How is the playground for making use of a superior information set? A comparison of U.S., German financial, ad-hoc reporting regulations, and insider laws.
16.30 – 16.45 Matthias Buschhaus - Macroeconomic development of tax revenues in Germany
16.45 – 17.00 Jiří Slanina - Analysis of the concentration of non-life insurance markets for selected European countries
17.00 – 17.15 Felix Florian Balz - The risk of an emerging real estate price bubble following the global economic crisis in 2008 and the subsequent massive real estate price increases in Germany
17.15 – 17.30

Azra Muratovic - How Mergers and Acquisitions increase the performance of Banks in the EU: Evidence from the ECB (online)
17.30 – 18.00

Final discussion, evaluation and conclusion of the first day

2. DAY – May 31, 2023 Congress center VŠFS

+ online/ Link: https://shorturl.at/gjzG6

08.30 – 09.00 Participants registration
 09.00 – 09.15 Opening of the second day of the conference – Hosts: Andrea Tomášková, Ph.D.
09.15 – 09.30 Frederik Schröder - Methods for Calculating Real Estate Value at Risk
09.30 – 09.45 Dennis C.Tale - The impact of demographic development on public pension expenditure in Germany in comparison with OECD countries (online)
09.45 – 10.00 Vladimír Petrík - Influencers on YouTube and Investment Advice: Thin Regulatory Ice and Potential Threat for First-Time Investors in Czech Republic
10.00 – 10.15 Eleonora Salzmann - Are sustainability-linked derivatives "fashion" trends or new types of financial products? Overview of a current European market
10.15 – 11.00 Coffee break
11.00 – 11.15 Robert Laskowski - The Online Price Index A New Approach to Measuring Inflation (online)
11.15 – 11.30 Wolfgang Kloppenburg  - 9-Euro-Ticket and Introduction of a 49-Euro-Ticket (online)
11.30 – 11.45 Zdeněk Truhlář - Impact of inflation targeting on the average gross wage indicator (online)
11.45 – 12.00 Jannik Schumann - A literature review on inflation and households Assets returns (online)
12.00 – 13.00 Lunch
13.00 – 13.15 Beata Sadowská, Ph.D. And Co-author Adam Lulek, Ph.D – Risks and risk management (online)
13.15 – 13.30 Bastian Schulz – Behavioral Biases and its influence on investment decisions of German investors (online)
13.30 – 13.45 Barbora Marie Tocháčková – Risks and benefits of crowdfunding: literature review (online)
13.45 – 14.00 Coffee break
14.00 – 14.15 Tobias Bücher – Impact on Commercial Banks‘ Credit Risks caused by ECB‘s Negative Interest Rate Policy (online)
14.15 – 14.30 Katrin Steyer – Citizens‘ Allowance Reform in Germany – an Opportunity for Women or a Threat to Public Finances (online)
14.30– 14.45 Keanu Niclas Moseler – Real Estate Market Development in Germany’s Top – 7 Cities from 2017 to 2022
14.45 – 15.00 Alexander Hütteroth – Correlation between Central Banks Pandemic Policy and Equity Market Performance in the US and Europe (online)
15.00 – 15.15 Davit Sikharulidze, Ph.D. – Shadow banking system and financial stability in Georgia (online)
15.15 – 15.30 Final discussion, evaluation and conclusion of the second day

You can put your questions here (before or during an event): https://shorturl.at/dmwFZ

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Conference organisers

doc. RNDr. Petr Budinský, CSc.

doc. JUDr. Ing. Otakar Schlossberger, Ph.D.

Ing. Eva Kostikov, Ph.D.

Ing. Andrea Tomášková, Ph.D.

Ing. Teymur Akhundov

Conference scientific committee

Chair of Scientific Committee:

Assoc. Prof. RNDr. Petr Budinský, CSc. – VŠFS, Vice-rector for strategy and international relations, Chairman of the scientific committee, Czech Republic

Members:

  1. Assoc. Prof. Ing. Peter Árendáš, Ph.D., Department of Banking and International Finance, University of Economics in Bratislava, Slovakia
  2. Assoc. Prof. UE dr hab. Joanna Błach, Department of Corporate Finance and Insurance, Faculty of Finance, University of Economics in Katowice, Poland
  3. Judit Csákné Filep, PhD - Budapest Business School,  Budapest LAB – Office for Entrepreneurship Development, Director for Research, Hungary
  4. prof. dr hab. Monika Foltyn-Zarychta, University of Economics in Katowice, Poland
  5. prof. JUDr. Ľubomír Čunderlík, PhD. - Faculty of Law, Department of Financial Law, Comenius University in Bratislava, Slovakia
  6. Prof (Dr) A. Chamaru De Alwis, PhD, MSC, BSc,  Faculty of Commerce  and Management Studies, University of Kelaniya, Sri Lanka
  7. Ada Domańska, Ph.D., Maria Curie-Sklodowska University Lublin, Poland
  8. prof. dr hab. Bogusława Drelich-Skulska - Wroclaw University of Economics and Business, Vice-Rector for Accreditation and International Cooperation, Department of International Economic Relations, Poland
  9. Assoc. Prof. Ing. Petr Dvořák, Ph.D. – Prague University of Economics and Business, rector, Czech Republic
  10. Assoc. Prof. Hani EL-Chaarani  - Director of Faculty of Business Administration, Beirut Arab University; Ministry Of Education and Higher Education, Quality Assurance; International top leaders and researchers network IBERA, founder, Lebanon
  11. prof. Dr. Ing. Jan Frait – Czech National Bank, VŠFS, Department of Finance, Czech Republic
  12. Dr Ryszard Gładkiewicz, Chairman of the Board, Polish-Czech Scientific Society, Poland
  13. Agnieszka Huterska, Ph.D., Nicolaus Copernicus University in Toruń, Poland
  14. Robert Huterski, Ph.D., Nicolaus Copernicus University in Toruń, Poland
  15. Ing. Anna Jańska, Ph.D., Maria Curie-Sklodowska University Lublin, Poland
  16. Dominika Kordela, Ph.D., University of Szczecin, Poland
  17. Assoc. Prof.  Anna Korzeniowska, Maria Curie-Sklodowska University Lublin, Poland
  18. Alla Levitskaya, Dr. Habil., prof. univ., Faculty of Economics, Comrat State University, Regional Economic Development Institute, Moldova
  19. Adam Lulek, Ph.D., University of Szczecin. Poland
  20. prof. Ing. Eva Horvátová, Ph.D. – Ekonomická univerzita v Bratislavě, Katedra bankovníctva a medzinárodných financií, Slovakia
  21. Chandana Jayawardena, Ph.D., Chartered HRM & Marketer, Attorney at Law, Department of Agricultural Extension, Chair, BoS in Agric Extension, PGIA, University of Peradeniya, Sri Lanka.
  22. Prof. Dr Habil. Leszek Karczewski, Ph.D., The Head of Humanity and Law Department, Faculty of Economy and Management, Opole University of Technology, Poland
  23. Prof. Vasil Kikutadze, East European University, Tbilisu, Georgia
  24. Ing. Eva Kostikov, Ph.D., University of Finance and Administration, Head of Finance Department, Czech Republic
  25. Ing. Jana Kotěšovcová, Ph.D., University of Finance and Administration, Czech Republic
  26. Assoc. Prof. Ing. Jana Kotlebová, Ph.D. – University of Economics, Bratislava, Department of Banking and International Finance, Head of Department, Slovakia
  27. prof. Ing. Lumír Kulhánek, CSc. – VSB – Technical University, Department of Finance, Czech Republic
  28. Prof. Dr. Temur Maisuradze, Head of the Multifunctional Center of Applied Research, Faculty of Business and Engineering, East European University, Tbilisi, Georgia
  29. Prof. Ruizan Mekvabidze, Social Science, Business, and Law Faculty, Gori State University, Georgia
  30. Assoc. Prof. Ing. Jan Mertl, Ph.D., University of Finance and Administration, Czech Republic
  31. Prof. Ing. Petr Musílek, CSc. – Prague University of Economics and Business, Vice-rector for Science and Research, Department of Banking and Insurance, Czech Republic
  32. Assoc. Prof. Dipl. Ing. Monika Naďová Krošláková, PhD., University of Economics in Bratislava, Founder of Family Business Center, co-founder at The International Business and Economic Research Academy (IBERA), Slovakia
  33. Prof Dr. Alain Aimé Ndedi, Centre of Entrepreneurship and Small Business Management, president, Cameroon, Nigeria
  34. Assoc. Prof. Ing. Naděžda Petrů, Ph.D. – VŠFS, Vice-Dean for Research and Publications, Faculty of Economic Studies, Czech Republic
  35. JUDr. Mgr. Tomislav Potocký, Ph.D. – VŠFS, Vice Dean for Pedagogical Activities of the Faculty of Economic Studies, Department of Languages, Head of Department, Czech Republic
  36. Assoc. Prof. RNDr. Jarmila Radová Ph.D., - Prague University of Economics and Business, Vice Chancellor for Science and Research, Department of Banking and Insurance, Czech Republic
  37. Assoc. Prof. Mgr. Ondřej Roubal, Ph.D. – VŠFS, vice-rector for research and development, Faculty of Economic Studies, director of the University Research Center, Czech Republic
  38. assoc. prof. Luc Salemans, University of applied sciences Hogeschool INHolland, Netherlands
  39. Beata Sadowska, Ph.D., University of Szczecin, Poland
  40. Prof. Seval Kardeş Selimoğlu - Anadolu university, Faculty of Economics and Administrative Sciences, Department of Business Administration, Turkey
  41. Prof. Shi Chao, Ph.D., Deputy Director of the Academic Affairs Office, Changchun University of Finance and Economics, China
  42. Assoc. Prof.  Shota Shaburishvili. Ivane Javakhishvili Tbilisi State University, Georgia
  43. Assoc. Prof. JUDr. Ing. Otakar Schlossberger, Ph.D. – VŠFS, dean of the Faculty of Economic Studies, Czech Republic
  44. David Sikharulidze, PhD - Head of Department of Scientific Research and Development, East European University, Georgia
  45. Assoc. prof. dr. Izolda Skruibyte at Higher Education Institution, Klaipedos valstybine kolegija, Lithuania
  46. Roman Śmietański, PhD - Opole University of Technology, Faculty of Economics and Management, Director of the Office of the Honorary Consul of the Czech Republic in Opole, Poland
  47. Assoc. Prof. Ing. Michaela Staníčková, Ph.D. – VSB-Technical University, Department of International Economic Relations, Czech Republic
  48. Prof.  Nina Stępnicka, Jan Kochanowski University, Poland
  49. Assoc. Prof. dr. Radmila Suzić, Department of Anglistics, Faculty of Business in Belgrade Singidunum University, Serbia
  50. Prof. Piotr Szczypa, Warsaw University of Technology. Warsaw, Poland
  51. Ing. Andrea Tomášková, Ph.D., VŠFS, Deputy Head of the Department of Finance, Czech Republic
  52. Prof. Ing. Jaroslav Vostatek, CSc. – VŠFS, member of Department of Finance, Czech Republic
  53. Prof. US dr hab. Tomasz Wiśniewski – University of Szczecin, Department of Finance and Banking, Poland
  54. Assoc. prof. Xu Chuanqi, Assistant dean of International Economy and Trade institute, Changchun University of Finance and Economics, China
  55. Prof. Robert Zajkowski, Maria Curie-Sklodowska University Lublin, Poland
  56. Piotr Zasępa, Ph.D., Jan Dlugosz University in Czestochowa. Poland

Contact person

Eva Kostikov

eva.kostikov@vsfs.cz

Main partner

OVB

Media partner

Bankovnictví

Previous years

Financial markets 2023

Financial markets 2021

Outputs from previous years of the conference 2011 - 2019 can be found here:  https://www.vsfs.cz/en/?id=1661-financial-markets