Financial markets 2023

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

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:

Assoc. Prof. Ing. Peter Árendáš, Ph.D., Department of Banking and International Finance, University of Economics in Bratislava, Slovakia
Assoc. Prof. UE dr hab. Joanna Błach, Department of Corporate Finance and Insurance, Faculty of Finance, University of Economics in Katowice, Poland
Judit Csákné Filep, PhD - Budapest Business School, Budapest LAB – Office for Entrepreneurship Development, Director for Research, Hungary
prof. dr hab. Monika Foltyn-Zarychta, University of Economics in Katowice, Poland
prof. JUDr. Ľubomír Čunderlík, PhD. - Faculty of Law, Department of Financial Law, Comenius University in Bratislava, Slovakia
Prof (Dr) A. Chamaru De Alwis, PhD, MSC, BSc, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka
Ada Domańska, Ph.D., Maria Curie-Sklodowska University Lublin, Poland
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
Assoc. Prof. Ing. Petr Dvořák, Ph.D. – Prague University of Economics and Business, rector, Czech Republic
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
prof. Dr. Ing. Jan Frait – Czech National Bank, VŠFS, Department of Finance, Czech Republic
Dr Ryszard Gładkiewicz, Chairman of the Board, Polish-Czech Scientific Society, Poland
Agnieszka Huterska, Ph.D., Nicolaus Copernicus University in Toruń, Poland
Robert Huterski, Ph.D., Nicolaus Copernicus University in Toruń, Poland
Ing. Anna Jańska, Ph.D., Maria Curie-Sklodowska University Lublin, Poland
Dominika Kordela, Ph.D., University of Szczecin, Poland
Assoc. Prof. Anna Korzeniowska, Maria Curie-Sklodowska University Lublin, Poland
Alla Levitskaya, Dr. Habil., prof. univ., Faculty of Economics, Comrat State University, Regional Economic Development Institute, Moldova
Adam Lulek, Ph.D., University of Szczecin. Poland
prof. Ing. Eva Horvátová, Ph.D. – Ekonomická univerzita v Bratislavě, Katedra bankovníctva a medzinárodných financií, Slovakia
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.
Prof. Dr Habil. Leszek Karczewski, Ph.D., The Head of Humanity and Law Department, Faculty of Economy and Management, Opole University of Technology, Poland
Prof. Vasil Kikutadze, East European University, Tbilisu, Georgia
Ing. Eva Kostikov, Ph.D., University of Finance and Administration, Head of Finance Department, Czech Republic
Ing. Jana Kotěšovcová, Ph.D., University of Finance and Administration, Czech Republic
Assoc. Prof. Ing. Jana Kotlebová, Ph.D. – University of Economics, Bratislava, Department of Banking and International Finance, Head of Department, Slovakia
prof. Ing. Lumír Kulhánek, CSc. – VSB – Technical University, Department of Finance, Czech Republic
Prof. Dr. Temur Maisuradze, Head of the Multifunctional Center of Applied Research, Faculty of Business and Engineering, East European University, Tbilisi, Georgia
Prof. Ruizan Mekvabidze, Social Science, Business, and Law Faculty, Gori State University, Georgia
Assoc. Prof. Ing. Jan Mertl, Ph.D., University of Finance and Administration, Czech Republic
Prof. Ing. Petr Musílek, CSc. – Prague University of Economics and Business, Vice-rector for Science and Research, Department of Banking and Insurance, Czech Republic
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
Prof Dr. Alain Aimé Ndedi, Centre of Entrepreneurship and Small Business Management, president, Cameroon, Nigeria
Assoc. Prof. Ing. Naděžda Petrů, Ph.D. – VŠFS, Vice-Dean for Research and Publications, Faculty of Economic Studies, Czech Republic
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
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
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
assoc. prof. Luc Salemans, University of applied sciences Hogeschool INHolland, Netherlands
Beata Sadowska, Ph.D., University of Szczecin, Poland
Prof. Seval Kardeş Selimoğlu - Anadolu university, Faculty of Economics and Administrative Sciences, Department of Business Administration, Turkey
Prof. Shi Chao, Ph.D., Deputy Director of the Academic Affairs Office, Changchun University of Finance and Economics, China
Assoc. Prof. Shota Shaburishvili. Ivane Javakhishvili Tbilisi State University, Georgia
Assoc. Prof. JUDr. Ing. Otakar Schlossberger, Ph.D. – VŠFS, dean of the Faculty of Economic Studies, Czech Republic
David Sikharulidze, PhD - Head of Department of Scientific Research and Development, East European University, Georgia
Assoc. prof. dr. Izolda Skruibyte at Higher Education Institution, Klaipedos valstybine kolegija, Lithuania
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
Assoc. Prof. Ing. Michaela Staníčková, Ph.D. – VSB-Technical University, Department of International Economic Relations, Czech Republic
Prof. Nina Stępnicka, Jan Kochanowski University, Poland
Assoc. Prof. dr. Radmila Suzić, Department of Anglistics, Faculty of Business in Belgrade Singidunum University, Serbia
Prof. Piotr Szczypa, Warsaw University of Technology. Warsaw, Poland
Ing. Andrea Tomášková, Ph.D., VŠFS, Deputy Head of the Department of Finance, Czech Republic
Prof. Ing. Jaroslav Vostatek, CSc. – VŠFS, member of Department of Finance, Czech Republic
Prof. US dr hab. Tomasz Wiśniewski – University of Szczecin, Department of Finance and Banking, Poland
Assoc. prof. Xu Chuanqi, Assistant dean of International Economy and Trade institute, Changchun University of Finance and Economics, China
Prof. Robert Zajkowski, Maria Curie-Sklodowska University Lublin, Poland
Piotr Zasępa, Ph.D., Jan Dlugosz University in Czestochowa. Poland

Contact person

Eva Kostikov

eva.kostikov@vsfs.cz