VLACHÝ, J. Financial Markets and Risk Management. Praha, UCT, 2022. ISBN 978-80-7592-151-2

Direct access to e-book online (Creative Commons)

Based on the author's lifelong professional experience, teaching and academic research, this book addresses the broad and closely related domains of financial markets, their products, organization and trading conventions on the one hand, and financial risk management on the other hand, providing readers with a systematic and practical insight into diverse, but miscellaneously interconnected, topics such as credit risk management, securities trading, interest rate hedging, portfolio optimization and derivative markets. Comprehensive explanations are completed by numerous cases and examples. The book is aimed at professionals in treasury, finance and risk management, as well as students in advanced academic programs.

1. Risks and Markets

2. Credit Risk

3. Market Risk

4. Foreign Exchange Markets

5. Debt Markets

6. Interest Rate Risk Management

7. Equity and the Stock Markets

8. Measuring Market Risk

9. Derivative Instruments and Derivatives Markets

10. Derivative Analysis

VLACHÝ, J. Corporate Finance. Praha, Leges, 2018. 184 str. ISBN 978-80-7502-291-2

Based on thorough research, as well as extensive professional and academic experience, the author develops the topic of corporate financial management from its essential theoretical foundations towards a systematic framework, facilitating solution of various decision-making problems in the business domain using a common value-based framework. The approach is innovative in providing a generalized perspective, avoiding the pitfalls of localization for a mobile international readership, using a comparative approach to highlighting and annotating major differences in terminology, conventions and institutions. It will therefore be useful for professionals in an international environment, as well as for education in international study programs.

1. Background and Central Concepts

2. The Time Value of Money and its Applications

3. Risk and Return

4. Intrinsic Valuation of Securities

5. Options and their Value

6. Cost of Capital

7. Capital Budgeting

8. Financial Planning and Financial Analysis

9. Working Capital Management

10. Corporate Valuation

pp. 22-23: Equations (1-2) and (1-5) should add increase in operating current assets and subtract increase in operating current liabilities.

pp. 136-137: In Case #8.3, the Debt ratio (accounting) should be (3,290+4,105+3,058+4,381) / (3,290+4,105+14,498+3,058+4,381+15,992) = 32.73%; market-based Debt ratio (3,058+4,381) / (3,058+4,381+32,616) = 18.57%

VLACHÝ, J. Corporate Finance: Exercises. 2nd Edition, Praha, Leges, 2018. 64 str. ISBN 978-80-7502-281-3

The exercise book represents a comprehensive annotated collection of over 300 problems and questions designed for the teaching in corporate finance courses, as well as for practitioners' training. It aligns to the 2018 Corporate Finance book.

1. Background and Central Concepts

2. The Time Value of Money and its Applications

3. Risk and Return

4. Intrinsic Valuation of Securities

5. Options and their Value

6. Cost of Capital

7. Capital Budgeting

8. Financial Planning and Financial Analysis

9. Working Capital Management

10. Corporate Valuation

p. 61: Result of Problem #3.7 should say undervalued

p. 62: Results of Problem #8.3 should be a) 8.70%, b) 25%

VLACHÝ, J. Řízení finančních rizik. Praha, Eupress, 2006. 2008. 256 str. ISBN 80-86754-56-1

Řízení finančních rizik je obor, překračující hranice disciplín a procházející neustálým vyvojem. Proto jsme volili jeho výklad tak, aby poskytl základní úvod do problematiky, ale i nástin pokročilejších metod. Soustředíme se především na ekonomický způsob myšlení a uvažování o souvislostech, které nemusejí být na první pohled patrné, umožní však čtenáři v praxi samostatně hledat a nalézat další aplikace.

1. Jak vzniká riziko

2. Analýza, odhad a řízení rizik

3. Analýza tržního rizika

4. Odhad tržního rizika

5. Řízení tržního rizika

6. Analýza kreditního rizika

7. Odhad kreditního rizika

8. Řízení kreditního rizika

9. Metody komplexní rizikové analýzy

10. Kapitálové řízení a ekonomika rizik

11. Regulace finančních rizik

12. Implementace, organizace a řízení

Will be completed in due course.